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- Tasks: Join our Med Mal underwriting team to drive profitable growth and develop relationships with brokers.
- Company: Hiscox is a leading insurance provider known for its diverse and inclusive culture.
- Benefits: Enjoy hybrid working options, promoting work-life balance with up to 2 days in the office.
- Why this job: Be part of a friendly team, expand your knowledge, and make a real impact in the healthcare sector.
- Qualifications: Five years of relevant experience and strong communication skills are essential; ACII qualification preferred.
- Other info: This role involves UK-based travel and offers opportunities for professional development.
The predicted salary is between 43200 - 72000 £ per year.
Social network you want to login/join with: Senior Development Underwriter – Medical Malpractice, Colchester col-narrow-left Client: Hiscox Location: Colchester, United Kingdom Job Category: Other – EU work permit required: Yes col-narrow-right Job Reference: ca51a09f9ec9 Job Views: 5 Posted: 02.06.2025 Expiry Date: 17.07.2025 col-wide Job Description: Job Type: Permanent Build a brilliant future with Hiscox The Team: The Med Mal underwriting team is based across our York, London, and Colchester offices. They are responsible for driving profitable growth across Hiscox UK, in the Allied Healthcare sector. The team works closely with regional development underwriting teams to ensure seamless service to brokers, leveraging relationships to support the profitable growth of new and existing business, including cross-sell and up-sell. The Role: This is an exciting opportunity to join our specialist Med Mal underwriting team and play a pivotal role in expanding our underwriting scope to develop our medical malpractice book. You will join a friendly team from diverse underwriting backgrounds, with opportunities to develop knowledge into new areas. Reporting to the Head of Medical Malpractice, this role involves UK-based travel, working hard to develop large new opportunities within our broker panel, while also renewing and servicing existing accounts. Key responsibilities: Underwrite consistently and profitably Develop close, effective relationships with brokers Negotiate with internal and external parties, including brokerage contacts Maintain and develop customer relations Visit broker partners and write their business Identify and challenge non-standard underwriting decisions within the Technical Underwriting Guide (TUG), referring to an underwriting manager as needed Identify non-performing broker accounts and take remedial steps to improve profitability Key requirements: Minimum five years relevant Medical Malpractice underwriting or broking experience ACII qualification or progression towards it Drive, self-motivation, and determination to achieve results Outstanding communication and relationship management skills Ability to make logical decisions in complex situations Strong influencing and negotiation skills Team player, outgoing, confident Ability to challenge the status quo Behaviors aligned with Hiscox\’s core values Degree qualification preferred, but not essential for experienced underwriters Diversity and Hybrid working: Hiscox values diversity and inclusion, fostering a culture of success. We support hybrid working, allowing up to 2 days in the office per week at London, York, or Colchester, to promote work-life balance. This model is team-driven to help manage personal work-life balance, combining structure and flexibility. #LI-LP1 #LI-hybrid Work with amazing people and be part of a unique culture #J-18808-Ljbffr
Senior Development Underwriter - Medical Malpractice employer: Hiscox
Contact Detail:
Hiscox Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Development Underwriter - Medical Malpractice
✨Tip Number 1
Network with professionals in the medical malpractice field. Attend industry events or join relevant online forums to connect with underwriters and brokers. Building these relationships can give you insights into the role and potentially lead to referrals.
✨Tip Number 2
Familiarise yourself with Hiscox's values and culture. Understanding their approach to diversity and inclusion will help you align your conversations and demonstrate that you're a good fit for their team.
✨Tip Number 3
Prepare to discuss your experience with complex underwriting decisions. Be ready to share specific examples of how you've navigated challenging situations in your previous roles, as this will showcase your problem-solving skills.
✨Tip Number 4
Research the current trends in the medical malpractice insurance market. Being knowledgeable about recent developments will not only impress during interviews but also show your commitment to staying informed in the industry.
We think you need these skills to ace Senior Development Underwriter - Medical Malpractice
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in Medical Malpractice underwriting or broking. Emphasise your ACII qualification or progress towards it, and showcase your communication and negotiation skills.
Craft a Compelling Cover Letter: Write a cover letter that specifically addresses the key responsibilities and requirements mentioned in the job description. Explain how your background aligns with the role and express your enthusiasm for joining the Hiscox team.
Highlight Relevant Achievements: In both your CV and cover letter, include specific examples of how you've successfully developed relationships with brokers or improved profitability in previous roles. Use metrics where possible to demonstrate your impact.
Proofread Your Application: Before submitting, carefully proofread your application materials for any spelling or grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial in underwriting roles.
How to prepare for a job interview at Hiscox
✨Know Your Underwriting Fundamentals
Make sure you brush up on your medical malpractice underwriting knowledge. Be prepared to discuss specific cases or scenarios you've handled in the past, showcasing your decision-making skills and how you navigated complex situations.
✨Demonstrate Relationship Management Skills
Since building relationships with brokers is key, think of examples where you've successfully developed partnerships. Highlight your communication style and how you maintain effective relationships, as this will resonate well with the interviewers.
✨Showcase Your Negotiation Prowess
Prepare to discuss your negotiation experiences. Think about times when you had to influence decisions or resolve conflicts, and be ready to explain your approach and the outcomes. This will demonstrate your ability to handle negotiations effectively.
✨Emphasise Your Team Player Attitude
Hiscox values collaboration, so be sure to share examples of how you've worked within a team. Discuss how you contribute to team success and how you support your colleagues, which will show that you're a good fit for their culture.
