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For Companies At a Glance
- Tasks: Drive profitable growth in strategic sectors and manage complex commercial cases.
- Company: Join Hiscox, a leading specialist brand in the UK insurance market.
- Benefits: Enjoy a hybrid working model, great employee benefits, and a supportive culture.
- Why this job: Make an impact in a dynamic environment while building relationships and driving growth.
- Qualifications: Strong track record in underwriting and relationship management skills required.
- Other info: Be part of a diverse team that values inclusivity and personal work-life balance.
The predicted salary is between 36000 - 60000 £ per year.
About Hiscox UK
Hiscox UK is a leading specialist brand in the UK insurance market, recognised as setting the standards others try to emulate. We consistently deliver strong growth and exceptional returns, recruiting only the very best and empowering them to deliver. We are known for insuring the homes of the rich and famous through to the most innovative technology companies. We operate in twelve target sectors in the UK, across which our customers are diverse and unique, and are only united by our ability to provide specialist insurance tailored to their needs.
About the role
In this role you will be responsible for driving the profitable growth within our strategic sectors. You will be expected to trade and write all lines of business including Professional Indemnity, MLP, Cyber, Property and Casualty to facilitate a package policy offering – with your focus ideally being within Professional Indemnity. You will join an established and high performing team and bring your drive to contribute to our growth aspirations whilst driving your own relationships (internal & external) and pipeline. You will also have the opportunity to drive Hiscox appetite across our strategic sectors, including the proposition, the underwriting and the pricing. It is therefore essential that you are technically astute, have strong relationship management skills and are driven by an exceptional service ethic.
What you’ll be doing
- Underwriting larger, more complex commercial cases consistently and profitably
- Leading the setting and execution of the local underwriting strategy for your specialist area in conjunction with the Regional Manager and Regional Underwriting Manager
- Influencing the UK Product Heads on underwriting appetite and strategy
- Leading underwriting and trading visits to larger clients and prospects
- Ensuring that the new business target for the region is achieved
- Developing close, effective relationships with brokers to develop new opportunities to significantly contribute to the team new business targets
- Increasing submission & conversion numbers through client prospecting
- Building product specific knowledge and sales skills amongst underwriters
- Knowledge of the professional indemnity line of business and appetite
- Understanding of the underwriting lifecycle including policy wordings, pricing & claims
- Understanding of pricing a risk and the factors that can affect pricing
- Good knowledge of the insurance market, industry, competitors, brokers and factors that can affect the market including soft/hard markets
Our must-haves:
- A strong track record trading with brokers to deliver growth
- A strong track record in making sound underwriting decisions, driving top and bottom-line growth
- A deep understanding of the professional indemnity line of business
- Strong communication, relationship management and interpersonal skills with demonstrable ability to effectively influence key stakeholders
- Demonstrates a hunger for winning business
- Able to make intelligent and innovative business decisions
- An appreciation and understanding of legal and regulatory guidelines
- Ideally ACII qualified or exempt through relevant experience as defined by the FCA
Diversity and Hybrid working
At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success. We operate a hybrid working model, set by the team rather than the business, to enable you to manage your own personal work-life balance. We see it as the best of both worlds; structure and sociability on one hand, and independence and flexibility on the other.
If you want to help build a brilliant future; work with amazing people; be part of a unique company culture; and, of course, enjoy great employee benefits that take care of your mental and physical wellbeing, come and join us.
Development Underwriter employer: Hiscox
Contact Detail:
Hiscox Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Development Underwriter
✨Tip Number 1
Network like a pro! Get out there and connect with people in the insurance industry, especially those who work at Hiscox. Attend events, join online forums, and don’t be shy to reach out on LinkedIn. Building relationships can open doors that applications alone can't.
✨Tip Number 2
Prepare for interviews by knowing your stuff! Research Hiscox’s values, recent news, and their approach to underwriting. Be ready to discuss how your experience aligns with their needs, especially in Professional Indemnity. Show them you’re not just another candidate!
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way. Mention something specific from your conversation to remind them of your enthusiasm and fit for the role. It shows you’re genuinely interested and keeps you top of mind.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re serious about joining the team. Don’t forget to tailor your application to highlight your relevant skills and experiences that match the job description.
We think you need these skills to ace Development Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Development Underwriter role. Highlight your experience with Professional Indemnity and any relevant underwriting skills. We want to see how you can contribute to our growth!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background aligns with our needs. Let us know what makes you the perfect fit for our team.
Showcase Your Achievements: Don’t just list your responsibilities; showcase your achievements! Quantify your successes in previous roles, especially those related to trading with brokers and driving growth. We love numbers that tell a story!
Apply Through Our Website: We encourage you to apply through our website for a smooth application process. It’s the best way for us to receive your application and get you on our radar. We can’t wait to hear from you!
How to prepare for a job interview at Hiscox
✨Know Your Underwriting Stuff
Make sure you brush up on your knowledge of the professional indemnity line of business. Be ready to discuss specific cases you've worked on and how you made sound underwriting decisions. This will show that you're technically astute and can handle complex commercial cases.
✨Build Relationships Before the Interview
Since relationship management is key in this role, try to connect with current employees or brokers before your interview. This can give you insights into the company culture and help you understand their approach to client relationships, which you can reference during your chat.
✨Show Your Hunger for Growth
Prepare examples that demonstrate your drive for winning business and achieving targets. Talk about how you've contributed to growth in previous roles and how you plan to do the same at Hiscox. They want to see your passion for success!
✨Understand the Market Landscape
Familiarise yourself with the current insurance market trends, including soft and hard markets. Being able to discuss competitors and market factors will show that you’re not just knowledgeable but also proactive about understanding the industry landscape.
