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- Tasks: Engage with businesses to understand their insurance needs and provide tailored solutions.
- Company: Join Brown & Brown, 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: Be part of a supportive team with opportunities for growth and client relationship building.
- Qualifications: Experience in commercial insurance broking and a passion for new business development required.
- Other info: Access to leading insurance products and dedicated support teams to help you succeed.
The predicted salary is between 28800 - 43200 £ per year.
Location - Newport, Wales
Salary - Negotiable + Bonus
We are currently looking for a Commercial Development/Account Executive to join the established and welcoming broking team in Newport. Newport is one of Brown & Brown's fastest growing retail insurance broker locations 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 MTAs - 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 MTAs 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.
Development Executive employer: Brown & Brown (Europe)
Contact Detail:
Brown & Brown (Europe) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Development Executive
✨Tip Number 1
Familiarise yourself with the specific types of commercial insurance mentioned in the job description, such as Cyber Liability and D&O. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the role.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who have experience in broking. Attend local events or join online forums to connect with potential colleagues and gain insights into the market.
✨Tip Number 3
Prepare to discuss your previous successes in new business development during interviews. Have specific examples ready that showcase your ability to grow a book of business and retain clients.
✨Tip Number 4
Research Brown & Brown's presence in the insurance market and their approach to client relationships. Understanding their values and how they operate can give you an edge in demonstrating your alignment with their goals.
We think you need these skills to ace Development Executive
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant 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 understanding of the role and the company. Mention your desire to win new business and how your skills align with the requirements outlined in the job description.
Highlight Relevant Skills: In your application, emphasise your excellent interpersonal, written, and verbal communication skills. Provide examples of how you've successfully created market insurance presentations or handled renewals and MTA's.
Showcase Your Achievements: Include quantifiable achievements in your application, such as sales targets met or exceeded, successful client relationships built, or any awards received in the insurance sector. This will help you stand out from other candidates.
How to prepare for a job interview at Brown & Brown (Europe)
✨Know Your Insurance Basics
Make sure you brush up on your knowledge of commercial insurance products, especially those mentioned in the job description like Cyber Liability and D&O. Being able to discuss these confidently will show your expertise and readiness for the role.
✨Demonstrate Your Sales Skills
Prepare examples of how you've successfully developed new business in the past. Highlight your strategies for retaining clients and driving sales, as this is a key part of the role.
✨Build Rapport with Interviewers
Since relationship-building is crucial in this position, practice your interpersonal skills. Be friendly, engage with your interviewers, and show that you can create long-lasting relationships, just as you would with clients.
✨Prepare Questions About the Company
Show your interest in the company by preparing thoughtful questions about their operations, culture, and growth plans. This not only demonstrates your enthusiasm but also helps you assess if the company is the right fit for you.
