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- Tasks: Lead profitable growth in the South Region's Professions and Specialty Commercial business.
- Company: Hiscox UK is a top insurance brand known for exceptional service and diverse clientele.
- Benefits: Enjoy hybrid working, a supportive culture, and opportunities for professional growth.
- Why this job: Join a dynamic team, influence strategy, and build relationships with unique clients.
- Qualifications: Strong communication skills and ideally ACII qualified or relevant experience required.
- Other info: Work-life balance is prioritised with flexible hybrid working arrangements.
The predicted salary is between 43200 - 72000 £ per year.
2 weeks ago Be among the first 25 applicants
Build a brilliant future with Hiscox
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.
Job Type
Permanent
Build a brilliant future with Hiscox
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
Reporting to the Regional Manager, you will assist leading the profitable growth of the South Region Professions and Specialty Commercial business. We’re looking for an experienced Underwriter, ideally with professional indemnity expertise.
What You’ll Be Doing
- Being recognised as an experienced underwriter within your region by your brokers, owning a broker panel for development
- 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 in your specialist area by taking referrals of more complex risks (possibly from outside the region)
- Leading underwriting and sales visits to larger clients and prospects
- Ensuring that the target retention rate for the region is achieved, handling some cases yourself
- Developing close, effective relationships with brokers to develop new opportunities to significantly contribute to the team new business targets
- Increasing submission & conversion numbers through large client prospecting
- Building product specific knowledge and sales skills amongst underwriters
- 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
- Strong communication, relationship management and interpersonal skills
- 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 have also learned over the past few years that working life doesn’t always have to be in the office, and now it is safe to do so we have introduced hybrid working to encourage a healthy work life balance. We anticipate the successful candidate for this role will be in our Bristol hub office or seeing brokers in the South-West up to 2-3 days per week. Once a month, we get together as a region in our Maidenhead or London office.
This hybrid working model is 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.
Work with amazing people and be part of a unique culture
Seniority level
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Seniority level
Mid-Senior level
Employment type
-
Employment type
Full-time
Job function
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Job function
Finance and Sales
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Industries
Insurance
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Senior Development Underwriter employer: Hiscox
Contact Detail:
Hiscox Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Development Underwriter
✨Tip Number 1
Network with professionals in the insurance industry, especially those who work at Hiscox or similar companies. Attend industry events or webinars to connect with potential colleagues and learn more about the company culture.
✨Tip Number 2
Research the latest trends in underwriting, particularly in professional indemnity. Being knowledgeable about current market conditions and challenges will help you stand out during interviews.
✨Tip Number 3
Prepare to discuss your experience with complex commercial cases. Be ready to share specific examples of how you've successfully managed risks and built relationships with brokers in your previous roles.
✨Tip Number 4
Familiarise yourself with Hiscox's values and their approach to diversity and inclusion. Demonstrating alignment with their culture and commitment to these principles can give you an edge in the selection process.
We think you need these skills to ace Senior Development Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in underwriting, particularly in professional indemnity. Use specific examples that demonstrate your ability to manage complex commercial cases and your understanding of the insurance market.
Craft a Compelling Cover Letter: Write a cover letter that showcases your strong communication and relationship management skills. Mention how your previous experiences align with the responsibilities outlined in the job description, especially your ability to influence underwriting strategy.
Highlight Relevant Qualifications: If you are ACII qualified or have relevant experience, make this clear in your application. This will show that you meet the essential criteria for the role and understand the legal and regulatory guidelines in the insurance industry.
Showcase Your Business Acumen: In your application, provide examples of intelligent and innovative business decisions you've made in past roles. This will demonstrate your hunger for winning business and your capability to contribute to the team's new business targets.
How to prepare for a job interview at Hiscox
✨Showcase Your Underwriting Expertise
Make sure to highlight your experience in underwriting, especially if you have a background in professional indemnity. Be prepared to discuss specific cases where you've successfully managed complex risks and how your decisions positively impacted the business.
✨Demonstrate Relationship Management Skills
Since building relationships with brokers is crucial for this role, come prepared with examples of how you've developed and maintained strong partnerships in the past. Discuss strategies you've used to influence and engage brokers effectively.
✨Understand the Market Dynamics
Familiarise yourself with the current trends in the insurance market, including soft and hard market conditions. Be ready to discuss how these factors can affect pricing and underwriting strategies, showcasing your industry knowledge.
✨Prepare for Scenario-Based Questions
Expect to face scenario-based questions that assess your decision-making skills. Think about how you would approach underwriting larger, more complex commercial cases and be ready to explain your thought process and rationale behind your decisions.
