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For Companies At a Glance
- Tasks: Join our team to design and manage insurance solutions for businesses.
- Company: BPW Insurance Services is a fast-growing retail insurance broker in Newport.
- Benefits: Enjoy a negotiable salary, performance bonuses, and additional perks like discounts and holidays.
- Why this job: This role offers growth opportunities and a chance to build lasting client relationships.
- Qualifications: Experience in commercial insurance broking and strong communication skills are essential.
- Other info: You'll have access to top-tier underwriters and support services to excel.
The predicted salary is between 36000 - 60000 £ per year.
Commercial Development Executive
Location – Newport, Wales
Salary – Negotiable + Bonus
At BPW Insurance Services (part of Brown & Brown Europe) we are currently looking for a Commercial Development/Account Executive to join the established and welcoming broking team in Newport.
BPW are one of Brown & Brown’s fastest growing retail insurance brokers with a strong record of providing support and success for all that join them. In short your role will be to understand and approach businesses in terms of their insurance requirements and to design and administer insurance solutions for the protection of their material assets and liabilities. Developing and retaining business you will have access to a wide range of market leading wholesale and inhouse underwriters to competitively place various types of commercial insurance. You will need commercial insurance broking experience and new business development skills alongside a desire to grow a book of business.
Support is provided by telemarketing services, dedicated claims handling teams, databases, account handlers, access to leading insurance products and networks. It comes with a generous commission structure, based out of the Newport office.
This is a position that provides a good long term platform to service clients and win new business, backed by an international insurance broker presence with market agreements and scale.
The day to day:
- Deliver against agreed targets and plans.
- New Business Quotations, Renewals and MTA’s – drive sales and service excellence & retain existing commercial book.
- Typical classes of insurance broking cover Liabilities, PI Combined, Commercial Combined, Property Owners, Cyber Liability, D&O, Fleets, Motor Trade, plus others.
- Creating a customer-led culture where sales and customer standards, discipline, activities and best practice are delivered.
- Ensure you are meeting FCA regulatory requirements
- Able to build long standing relationships with insurers and clients
- Seeking best policy for the customer whilst protecting the insurer
- Prioritise time and attention on high value activities.
- Select the best course of action based on the available information
What’s on offer:
- Negotiable salary package
- Achievable performance related bonus paid monthly
- Additional benefits (e.g. Pension, Death in Service, Discounts, Holiday)
Your Experience:
- Relevant commercial insurance broking industry experience.
- Desire to win new business, handle renewals and mta’s for a range of insurance risks
- Knowledge of company industry types and operating conditions
- Ability to develop and maintain client relationships
- Excellent interpersonal, written and verbal communication skills
- Confident in creating compelling market insurance presentations
- Pro-active and self-motivated
- Planning and organisation skills to meet deadlines
- Attention to detail
Commercial Development Executive employer: Brown & Brown (Europe)
Contact Detail:
Brown & Brown (Europe) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Development Executive
✨Tip Number 1
Familiarize yourself with the specific types of commercial insurance mentioned in the job description, such as Cyber Liability and D&O. This knowledge will help you speak confidently about these products during your interactions with potential clients.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who have experience in broking. Attend industry events or join relevant online forums to build relationships that could lead to referrals or insights into the role.
✨Tip Number 3
Demonstrate your understanding of FCA regulatory requirements by staying updated on the latest regulations. This will show your commitment to compliance and can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your previous successes in new business development and client retention. Use specific examples to illustrate how you've driven sales and built long-term relationships in your past roles.
We think you need these skills to ace Commercial Development Executive
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Commercial Development Executive position. Highlight key responsibilities and required skills, and think about how your experience aligns with these.
Tailor Your CV: Customize your CV to emphasize your commercial insurance broking experience and new business development skills. Use specific examples that demonstrate your ability to meet targets and build client relationships.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the insurance industry and your desire to contribute to BPW Insurance Services. Mention your understanding of their services and how you can add value to their team.
Highlight Relevant Achievements: In both your CV and cover letter, include quantifiable achievements from your previous roles. This could be sales targets met, successful client relationships built, or innovative solutions you provided in the past.
How to prepare for a job interview at Brown & Brown (Europe)
✨Showcase Your Commercial Insurance Knowledge
Make sure to highlight your experience in commercial insurance broking. Be prepared to discuss specific types of insurance you've worked with, such as Liabilities, Cyber Liability, or D&O. This will demonstrate your expertise and understanding of the industry.
✨Demonstrate Your New Business Development Skills
Prepare examples of how you've successfully developed new business in the past. Discuss your strategies for approaching potential clients and how you’ve retained existing business. This will show that you have the drive and skills needed for the role.
✨Emphasize Relationship Building
Since building long-standing relationships with clients and insurers is crucial, be ready to share stories about how you've fostered these connections. Highlight your interpersonal skills and how they have contributed to your success in previous roles.
✨Prepare for Regulatory Questions
Familiarize yourself with FCA regulatory requirements relevant to the insurance industry. Be prepared to discuss how you ensure compliance in your work, as this will reflect your professionalism and attention to detail.
