Commercial Insurance Broker in London

Commercial Insurance Broker in London

London Full-Time 27000 - 35000 ÂŁ / year (est.) No home office possible
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At a Glance

  • Tasks: Build relationships and provide tailored insurance solutions to customers.
  • Company: Join Bionic, the UK's top business comparison service with a vibrant culture.
  • Benefits: Competitive salary, private healthcare, 25 days leave, and support for CII qualifications.
  • Why this job: Kickstart your insurance career with excellent progression and a supportive team.
  • Qualifications: Sales experience and strong communication skills are essential.
  • Other info: Enjoy a dynamic work environment with opportunities for recognition and growth.

The predicted salary is between 27000 - 35000 ÂŁ per year.

Elevate Your Insurance Career at Bionic! One of our fastest growing departments within Bionic - offering outstanding progression, commission scheme and your Bionic funded CII qualification!

Base salary: ÂŁ27,000 - ÂŁ35,000 (dependant on experience) OTE: up to ÂŁ47,000

The Bionic Group We are Bionic, the UK's number one business comparison and switching service. It’s our mission to make it radically easier to run a small business and earn the lifetime loyalty of British businesses. To do this, we combine world‐class human service with smart technology and data. This means our tech‐enabled experts can quickly match business owners with the best deals on their business essentials – energy, connectivity, insurance, and finance.

Join Us as a Commercial Insurance Broker! We are currently seeking 2 friendly and driven Commercial Insurance Brokers to join our fast‐paced insurance sales department. In this role, you will be responsible for understanding our customers' commercial insurance needs and building strong relationships with them. You’ll have the opportunity to work with warm, inbound leads from multiple sources and provide tailored insurance solutions to meet their specific requirements.

Situated in our vibrant, award‐winning sales floor, you will be:

  • Building and maintaining strong relationships with our customers, keeping them at the centre of our processes and interactions
  • Understanding our customers' insurance needs and providing the right level of protection to meet those needs
  • Complying with regulatory requirements, including Data Protection and FCA guidance, as well as adhering to our governance and control framework
  • Developing and maintaining relationships with Insurers and Managing General Agents (MGA's)
  • Negotiating policy terms and premiums with Insurers and MGA's
  • Identifying opportunities to cross‐sell our other services to existing Bionic customers
  • Converting new customers from lead to quote to policy within defined conversion metrics
  • Ensuring high renewal rates by effectively managing existing customer relationships
  • Efficiently managing your diary, scheduling and attending meetings, and maintaining accurate records in our systems
  • Handling customer queries and processing Mid Term Adjustments (MTAs) to existing policies efficiently and within agreed timeframes
  • Managing your inbox proactively, responding promptly to customer and insurer queries, and escalating any concerns to your Team Leader or the Technical team where appropriate

About You Proven track record in building and maintaining relationships with Insurers, with the ability to negotiate policy terms and costs. Demonstrated sales ability in securing new business deals of all sizes, with excellent conversion rates. Exceptional written and oral communication skills. Excellent time management and problem‐solving abilities. Experience of working in highly regulated insurance industry is essential. Progress towards relevant qualifications such as CII is preferred.

Upon passing probation, you’ll gain full support for your CII studies, including access to our comprehensive apprenticeship programme designed to help you progress, develop your industry knowledge, and build your insurance expertise.

Benefits We know that our employees are what sets us aside from our competitors, our benefits are just part of the way we say thanks.

  • Enhance your health & wellbeing
  • Private healthcare cover
  • Employee Assistance Programme, including a virtual GP service, priority physio & talking therapies
  • Eyecare scheme
  • Taking time away from work 25 days annual leave, increasing with tenure
  • 1 paid family & religious day of leave per year - following successful probation period
  • 1 paid charity volunteering day per year
  • Option to buy/sell up to an additional 3 days leave per year
  • Family matters: for the special moments
  • Enhanced maternity, paternity or shared parental leave
  • 2 days off for your wedding upon joining, and up to 5 days after 2 years' service
  • Financial wellbeing
  • Auto‐enrolled salary sacrifice pension scheme
  • Life assurance
  • Season ticket Loans, salary advances & loans to buy/rent a home – based on tenure
  • Cycle to work scheme
  • Recognition Highflyers incentive, a VIP experience for our high performers across Bionic group to celebrate success
  • Company summer & Christmas party celebrations, business and local zonely & annual awards and recognition
  • Long service awards

Commercial Insurance Broker in London employer: Bionic Services Ltd

At Bionic, we pride ourselves on being an exceptional employer, offering a vibrant work culture that fosters growth and development for our employees. As a Commercial Insurance Broker, you will benefit from a competitive salary, comprehensive training support for your CII qualification, and a range of health and wellbeing perks, all while working in a dynamic environment that values collaboration and innovation. Join us to not only advance your career but also to be part of a mission-driven team dedicated to making business easier for our clients.
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Contact Detail:

Bionic Services Ltd Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Commercial Insurance Broker in London

✨Tip Number 1

Get to know the company inside out! Research Bionic's mission, values, and recent achievements. This will help you tailor your conversations and show that you're genuinely interested in being part of the team.

✨Tip Number 2

Practice your pitch! Be ready to explain how your experience aligns with the role of a Commercial Insurance Broker. Highlight your relationship-building skills and sales successes to make a strong impression.

✨Tip Number 3

Network like a pro! Connect with current employees on LinkedIn or attend industry events. This can give you insider tips and might even lead to a referral, which can boost your chances of landing the job.

✨Tip Number 4

Don’t forget to follow up! After your interview, send a quick thank-you email to express your appreciation for the opportunity. It shows professionalism and keeps you fresh in their minds as they make their decision.

We think you need these skills to ace Commercial Insurance Broker in London

Relationship Building
Negotiation Skills
Sales Ability
Communication Skills
Time Management
Problem-Solving Skills
Understanding of Regulatory Requirements
Customer Service
Data Protection Compliance
Insurance Industry Knowledge
Conversion Metrics Management
Mid Term Adjustments (MTAs) Processing
Diary Management
Proactive Inbox Management

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Commercial Insurance Broker role. Highlight your experience in building relationships and negotiating terms, as these are key skills we’re looking for!

Craft a Compelling Cover Letter: Your cover letter should tell us why you’re passionate about insurance and how your skills align with our mission at Bionic. Be genuine and let your personality shine through!

Showcase Your Communication Skills: Since exceptional written communication is crucial for this role, ensure your application is clear, concise, and free of errors. This is your chance to impress us with your attention to detail!

Apply Through Our Website: We encourage you to apply directly through our website. It’s the easiest way for us to receive your application and ensures you’re considered for the role without any hiccups!

How to prepare for a job interview at Bionic Services Ltd

✨Know Your Stuff

Before the interview, make sure you understand the basics of commercial insurance and the specific products Bionic offers. Brush up on key terms and concepts, as well as any recent changes in regulations that might affect the industry.

✨Showcase Your Relationship Skills

Since building strong relationships is crucial for this role, prepare examples from your past experiences where you've successfully developed client relationships or negotiated terms with insurers. Be ready to discuss how you can apply these skills at Bionic.

✨Demonstrate Your Sales Acumen

Be prepared to talk about your sales achievements and conversion rates. Think of specific instances where you turned leads into clients, and be ready to explain your approach to overcoming objections and closing deals.

✨Ask Insightful Questions

At the end of the interview, have a few thoughtful questions ready about Bionic's culture, team dynamics, or future goals. This shows your genuine interest in the company and helps you assess if it's the right fit for you.

Commercial Insurance Broker in London
Bionic Services Ltd
Location: London
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