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- Tasks: Underwrite complex insurance cases and drive profitable growth in the mid-market sector.
- Company: Hiscox UK is a leading insurance brand known for its exceptional standards and diverse clientele.
- Benefits: Enjoy flexible working options and a commitment to diversity in a supportive culture.
- Why this job: Join a dynamic team, influence industry standards, and make a real impact in the insurance market.
- Qualifications: Strong understanding of UK retail business and experience with complex risks; ACII qualification preferred.
- Other info: Opportunity to coach and mentor others while building strategic broker relationships.
The predicted salary is between 36000 - 60000 £ per year.
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Hiscox UK is a leading brand in the 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. Our customers are diverse and unique and are only united by our ability to provide specialist insurance tailored to their needs.
The Role
At Hiscox, we are recognized for our expertise in underwriting Professional Indemnity, Cyber, Property, and Casualty lines and as part of our strategic expansion, Hiscox seeks to fortify its presence into the mid-market sector, replicating our success in underwriting the complex policies our competitors lack the expertise to venture into.
In this pivotal role, the Mid Market Underwriter will be instrumental in driving Hiscox UK’s profitable growth. You will underwrite large, complex cases, generating considerable Gross Written Premium (GWP), and upholding the same high standards of risk management Hiscox is known for.
Key responsibilities include:
- Expertly securing new and existing high-value risks, providing top-tier underwriting for complex exposures in familiar risk categories.
- Concentrating on high-value policies in the mid-market sector, with a focus on maximizing GWP from significant risks in the UK.
- Leading by example, influencing other underwriters, and exerting a broader impact within your field of expertise at a national level.
What You’ll Be Doing:
- Significantly contributing to growth through strategic underwriting in the mid-market sector.
- Acting as a brand ambassador, renowned for your underwriting expertise in Hiscox’s established risk categories.
- Leading underwriting and sales visits to key clients and prospects.
- Possessing deep knowledge of your area of specialization, including understanding sector trends and competitive dynamics.
- Imparting expertise through coaching and training, enhancing our mid-market capabilities.
- Building and maintaining strategic broker relationships, ensuring a robust market presence in the mid-market sector.
- Influencing underwriting and pricing strategies, aligning with Hiscox’s expansion goals.
Our Must-Haves
- An excellent understanding of UK retail business and underwriting larger more complex risks
- In-depth expertise in your specialized field
- Excellent knowledge of the insurance market, industry, competitors, Brokers and factors that can affect the market including soft/hard markets
- Ideally ACII qualified or exempt through relevant experience as defined by the FCA
- Excellent relationship management and sales skills
- Ability to lead by example in all professional activities.
- Leads underwriting and sales visits to larger clients and prospects
- Coaches and mentors less experienced underwriters in underwriting and sales skills
Diversity and flexible working at Hiscox
AtHiscox 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 also understand that working life doesn’t always have to be ‘nine to five’ and we support flexible working wherever we can. No promises, but please chat to our resourcing team about the flexibility we could offer for this role.
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Work with amazing people and be part of a unique culture
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Mid-Market Underwriter employer: Hiscox
Contact Detail:
Hiscox Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Mid-Market Underwriter
✨Tip Number 1
Familiarise yourself with the latest trends in the mid-market insurance sector. Understanding the specific challenges and opportunities within this niche will help you demonstrate your expertise during interviews.
✨Tip Number 2
Network with professionals in the insurance industry, especially those who work in underwriting. Building relationships with brokers and other underwriters can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss your experience with complex risk assessments and how you've successfully managed high-value policies in the past. Be ready to share specific examples that highlight your skills and achievements.
✨Tip Number 4
Showcase your leadership abilities by discussing any mentoring or coaching experiences you've had. Hiscox values candidates who can influence and uplift their peers, so be sure to highlight these qualities.
We think you need these skills to ace Mid-Market Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Mid-Market Underwriter position at Hiscox. Tailor your application to highlight your relevant experience in underwriting complex risks.
Highlight Relevant Experience: In your CV and cover letter, emphasise your expertise in underwriting larger, more complex risks. Provide specific examples of how you've successfully managed high-value policies and contributed to growth in previous roles.
Showcase Relationship Management Skills: Since building and maintaining strategic broker relationships is crucial for this role, include examples of your relationship management and sales skills. Mention any successful partnerships or collaborations that demonstrate your ability to influence and lead.
Tailor Your Cover Letter: Craft a compelling cover letter that not only reflects your qualifications but also aligns with Hiscox's values and culture. Discuss your commitment to diversity and flexible working, as well as your passion for the insurance industry.
How to prepare for a job interview at Hiscox
✨Showcase Your Underwriting Expertise
Make sure to highlight your experience in underwriting complex risks, especially in the mid-market sector. Be prepared to discuss specific cases where you've successfully managed high-value policies and how your decisions positively impacted GWP.
✨Understand Hiscox's Brand and Values
Familiarise yourself with Hiscox's reputation in the insurance market and their commitment to diversity and inclusion. Demonstrating knowledge of their brand values will show that you align with their culture and are genuinely interested in contributing to their success.
✨Prepare for Relationship Management Questions
Since building and maintaining strategic broker relationships is key, be ready to discuss your approach to relationship management. Share examples of how you've successfully influenced clients or brokers in previous roles and the outcomes of those interactions.
✨Demonstrate Leadership Skills
As a Mid-Market Underwriter, you'll need to lead by example. Prepare to talk about your experience in coaching and mentoring less experienced underwriters. Highlight any instances where your leadership has made a significant impact on your team or organisation.
