At a Glance
- Tasks: Manage relationships with High Net Worth brokers and drive growth in the Midlands.
- Company: Hiscox UK, a leading brand in the insurance market.
- Benefits: Flexible working arrangements, competitive salary, and opportunities for professional growth.
- Other info: Embrace diversity and enjoy a healthy work-life balance.
- Why this job: Join a dynamic team and make a real impact in the High Net Worth insurance sector.
- Qualifications: Experience in broker-facing roles and strong understanding of the UK insurance market.
The predicted salary is between 50000 - 65000 £ per year.
Hiscox UK is a leading brand in the insurance market. The Business Development Manager will manage High Net Worth broker relationships across the Midlands, driving growth and profitability in alignment with Hiscox’s strategic ambitions.
Key Responsibilities
- Own and lead relationships with key High Net Worth brokers in the Midlands region.
- Deliver against revenue and growth targets and maintain a high‑quality pipeline of case and portfolio opportunities.
- Forecast and plan regional financial plans in support of the Regional Management team.
- Coordinate account management activity with Strategic Account Managers, Regional Management and Senior Leadership to maximize resource deployment.
- Drive adoption of digital trading and improve the digital experience for brokers.
- Provide external market insight to inform business decisions and opportunity development.
- Collaborate with New and Existing Business Underwriting teams to increase market penetration, enhance conversion, support retention and improve broker experience.
- Identify and act on cross‑sell opportunities across the Hiscox product portfolio.
- Take a data‑led approach to decision making to improve commercial outcomes and broker experience.
Qualifications & Experience
- Proven experience in a broker‑facing or account‑management role within insurance.
- Strong understanding of the UK insurance market, with knowledge of the High Net Worth space an advantage.
- Track record of delivering growth and building strong relationships with broker partners.
- Ability to operate independently, manage a portfolio and take ownership of a regional patch.
- Self‑starter mindset with drive to identify opportunities and grow a book of business.
- Excellent communication, interpersonal and negotiation skills with ability to influence stakeholders at all levels.
- Highly organized, resilient and able to manage competing priorities.
Diversity, Inclusion & Flexible Working
Hiscox embraces diversity and flexible working. Flexible working arrangements can be discussed with the resourcing team to support a healthy work‑life balance.
Business Development Manager - High Net Worth in Colchester employer: Hiscox Underwriting Group Services Ltd (HUGS)
Hiscox UK is an exceptional employer, offering a dynamic work culture that prioritises diversity and flexible working arrangements, ensuring employees can maintain a healthy work-life balance. As a Business Development Manager in the Midlands, you will benefit from robust professional growth opportunities, a supportive team environment, and the chance to drive significant impact within the High Net Worth insurance sector, all while collaborating with industry leaders to enhance broker relationships and market presence.
Contact Details:
Hiscox Underwriting Group Services Ltd (HUGS) Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Business Development Manager - High Net Worth in Colchester
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We think you need these skills to ace Business Development Manager - High Net Worth in Colchester
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
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How to prepare for a job interview at Hiscox Underwriting Group Services Ltd (HUGS)
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Hiscox Underwriting Group Services Ltd (HUGS) to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
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