At a Glance
- Tasks: Lead the Life Science & Health Tech team, managing underwriting and strategy.
- Company: Chubb is a global leader in insurance, known for its extensive offerings and strong values.
- Benefits: Enjoy a competitive salary, annual bonus, private medical cover, and flexible leave options.
- Why this job: Join a collaborative environment focused on innovation and client satisfaction in a growing industry.
- Qualifications: Strong underwriting experience in Life Science and Health Tech sectors required.
- Other info: Chubb values diversity and inclusion, ensuring an accessible recruitment process.
The predicted salary is between 72000 - 100000 £ per year.
Life Science Industry Practice Leader UK&I
Chubb Manchester, England, United Kingdom
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Life Science Industry Practice Leader UK&I
Chubb Manchester, England, United Kingdom
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JOB DESCRIPTION
This is an exciting opportunity to lead Chubb’s Life Science & Health Tech Industry Practice in the UK & Ireland. The practice puts the customer and their specific needs as the focus, delivering tailored multi-line products and services through dedicated multi line underwriters.
Background
JOB DESCRIPTION
This is an exciting opportunity to lead Chubb’s Life Science & Health Tech Industry Practice in the UK & Ireland. The practice puts the customer and their specific needs as the focus, delivering tailored multi-line products and services through dedicated multi line underwriters.
Role Purpose
The primary purpose of the role is the management and leadership of the UK & Ireland Life Science and Health Tech Industry Practice team and portfolio. It is the ultimate underwriting leader within the region for Life Science casualty (including PI and clinical trials), property and cyber lines of business for Life Science and Health Tech companies, and will drive strategy to ensure we continue to have a market leading cover and proposition.
The successful candidate must demonstrate strong competence and experience in the following areas:
Technical Underwriting Skills : The Manager will be expected to have experience of underwriting Life Science Casualty, Property and ideally Cyber as they relate to Life Science and HealthTech Companies, and have a broad understanding of Chubb’s appetite, strategies and wordings, A broad understanding of the Life Science and Health Tech Industry and the insurance market including competitor wordings strengths and weaknesses is also required. Ultimately, the role must be capable of holding high levels of underwriting authority and be comfortable taking referral work from the UKI Life Science and Health Tech team of dedicated underwriters. Collaboration is required with key stakeholders in product line management and Chubb Overseas General Management to ensure appetite and underwriting strategy is understood and communicated, and underwriters are appropriately empowered.
Planning & Execution : Delivery and execution of the financial plan is a critical responsibility for this role, ensuring that rate, retention, and new business numbers are planned and forecast accurately and that monthly production targets are met. Prepare and execute a business plan for the Practice with key actions and tactics.
Target Operating Models : The Manager will be required to be lead and actively support adherence to Chubb’s TOMs. This will require an understanding of the Operating Model that Chubb wishes to follow and pro-active execution to achieve the required outcome. Working with team members in the National Underwriting Centre (NUC) and other stakeholders to ensure renewal business migrates effectively in line with TOMs. Knowledge and regular use of Chubb’s underwriting and operational systems will be required. Drive and maintain best practice and disciplines around usage of key operational systems. Look for opportunities to continuously improve our processes to generate operational efficiency.
People Management : Leadership and management of a large team of underwriters, some of whom will be direct reports, others will be dotted line reports based in a branch or the NUC. As well as managing the day to day needs of the team, the role will be required to ensure the talent and development needs of individual underwriters within the team are met. This will include coaching and mentoring the team to achieve collective and individual goals. Navigating periods of change and keeping focus on the importance of continuous improvement.
Broker and market engagement : Focus on driving retention and growth with brokers. Co-ordinating and engaging team activity around key areas, such as account retention and allocation. It will require focus around driving the pipeline of new business activity with BDMs and Distribution (both from short and long term perspective) to meet plan. An important function is to raise Chubb’s profile as a Life Science and Health Tech industry expert. Participation is expected in technical market bodies and would include speaking at client, broker, and industry forums/events.
Key Responsibilities
- Underwriting Referral – act as the main referral point for UKI Life Science & Health Tech underwriters
- Financial – Delivering and exceeding the financial plan.
- Strategic focus – Working closely with other stakeholders to shape and execute strategy.
- Portfolio management – Ensuring quality control within defined area of responsibility by undertaking quantitative underwriting reviews, running regular management meetings and peer reviews. Supporting effective management of the UKI Life Science & Health Tech portfolio, through regular reporting and task management.
- Procedures – Meet company standards in respect of policy documentation, contract certainty and compliance and regulatory requirements.
- Compliance – To be responsible for Peer review implementation across the practice and the completion of all audit requirements and actions within agreed timescales and adherence to all legal compliance standards
- Leadership – Promoting Chubb as a ‘Go to’ market to brokers and clients. Acting as a senior representative for Industry Practices (both internally and externally), driving the strategic relationships, in terms of trading and execution with all our broking partners. Supporting and encouraging colleagues to drive the business. Responsible for the strategic and operational management of the team.
- Product Development – Developing and seeking out new opportunities to innovate within the practice, working with other stakeholders (including other Product lines) to generate new ideas. Regularly conduct and share market research and intelligence. Identify and harness new opportunities
- Training/People – Ensure the provision of appropriate training and mentoring support in the team. Ensure there is robust succession planning in place across the practice.
- Operational Management – Understanding, interpreting, and communicating to the team effectively the Strategic Priorities of the Practice. Continually monitoring and effectively managing the allocation of resource to meet business objectives, ensuring external priorities and broker needs are constantly at the forefront of our decision-making process. Manage, track and review performance of the team and individual team members.
- Business Development – Proactively developing relationships with key brokers to ensure profitable and sustainable business growth, in conjunction with distribution and other key stakeholders.
- Producer Management – Establish and maintain high levels of service to key producers and clients. Monitoring and tracking business acquisition and retention, as well as pro-actively maximising cross-selling opportunities.
- Digital – Manage the online ignite product, seeking opportunities to grow our SME portfolio
Qualifications
- Strong multiline underwriting experience across Life Science Casualty and Property
- Extensive knowledge of the Life Science and Health Tech sector, insurance market and competitors
- An experienced professional whose expertise is recognised externally by brokers and clients
- Excellent presentation skills
- Portfolio management experience
- Strong people management and leadership skills
- Results driven with ability to make own decisions and work on own initiative
- Being able to demonstrate examples of strategy development and delivery would be desirable
- Ability to execute and influence at all levels both internally and externally
What we offer in return!
Pension and annual bonus scheme, 25 days annual leave plus ability to purchase 5 additional days, Private Medical cover, Employee Share Purchase Plan, Life Assurance, Subsidised gym membership, Comprehensive Learning & development offerings, Employee Assistance program
Integrity. Client focus. Respect. Excellence. Teamwork.
Our core values dictate how we live and work. We’re an ethical and honest company that’s wholly committed to its clients. A business that’s engaged in mutual trust and respect for its employees and partners. A place where colleagues perform at the highest levels. And a working environment that’s collaborative and supportive.
Diversity & Inclusion. At Chubb we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.
We are committed to ensuring our recruitment process is inclusive and accessible to all. If you have a disability or long-term condition (for example dyslexia, anxiety, autism, a mobility condition or hearing loss) and need us to make any reasonable adjustments, changes or do anything differently during the recruitment process, please let us know in your application or in any future discussions with our recruiters.
https://www2.chubb.com/emea-careers/working-for-us/diversity-inclusion.aspx
About Us
Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.
Seniority level
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Seniority level
Director
Employment type
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Employment type
Full-time
Job function
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Job function
Research, Analyst, and Information Technology
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Industries
Insurance
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Life Science Industry Practice Leader UK&I employer: Chubb
Contact Detail:
Chubb Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Life Science Industry Practice Leader UK&I
✨Tip Number 1
Network with professionals in the Life Science and Health Tech sectors. Attend industry events, webinars, or conferences where you can meet potential colleagues or clients. Building these connections can give you insights into the company culture and expectations.
✨Tip Number 2
Familiarise yourself with Chubb's specific underwriting practices and their approach to Life Science and Health Tech. Understanding their market position and strategies will help you articulate how your experience aligns with their goals during interviews.
✨Tip Number 3
Prepare to discuss your leadership style and how you've successfully managed teams in the past. Highlight examples of how you've driven performance and fostered talent development, as this role requires strong people management skills.
✨Tip Number 4
Stay updated on current trends and challenges within the Life Science and Health Tech industries. Being knowledgeable about recent developments will not only impress interviewers but also demonstrate your commitment to the field.
We think you need these skills to ace Life Science Industry Practice Leader UK&I
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Life Science Industry Practice Leader position. Understand the key responsibilities and required skills, such as technical underwriting experience and people management capabilities.
Tailor Your CV: Customise your CV to highlight relevant experience in life sciences, underwriting, and leadership. Use specific examples that demonstrate your expertise in managing teams and executing strategic plans within the insurance sector.
Craft a Compelling Cover Letter: Write a cover letter that connects your background to the role. Emphasise your understanding of the life science and health tech industries, and how your skills align with Chubb's goals. Be sure to mention your ability to drive business growth and manage relationships with brokers.
Showcase Your Achievements: In both your CV and cover letter, include quantifiable achievements that reflect your success in previous roles. For example, mention any financial targets you exceeded or successful projects you led that are relevant to the life sciences sector.
How to prepare for a job interview at Chubb
✨Understand the Life Science Sector
Make sure you have a solid grasp of the Life Science and Health Tech industry. Familiarise yourself with current trends, challenges, and key players in the market. This knowledge will help you demonstrate your expertise and show that you're genuinely interested in the role.
✨Showcase Your Underwriting Experience
Prepare to discuss your technical underwriting skills, particularly in Life Science Casualty, Property, and Cyber lines. Be ready to provide specific examples of your past experiences and how they relate to the responsibilities of the role at Chubb.
✨Demonstrate Leadership Skills
As this role involves managing a large team, be prepared to talk about your leadership style and experiences. Share examples of how you've successfully led teams, mentored individuals, and navigated periods of change while maintaining focus on continuous improvement.
✨Engage with Strategic Thinking
Highlight your ability to develop and execute strategic plans. Discuss how you've previously shaped strategies that align with business objectives and how you can apply this experience to drive growth and retention at Chubb.