At a Glance
- Tasks: Secure new Professional Indemnity clients and deliver tailored insurance solutions.
- Company: Leading brokerage with a focus on growth and innovation.
- Benefits: Career growth opportunities and hybrid working options.
- Why this job: Join a dynamic team and make an impact in the insurance industry.
- Qualifications: Experience in PI Insurance and strong relationship management skills.
- Other info: Ambitious, self-motivated individuals will thrive in this role.
The predicted salary is between 36000 - 60000 Β£ per year.
Overview
Job title: Professional Indemnity (PI) New Business Account Executive
Location: Hybrid β 3 days in London based office
The purpose of the role is to contribute to the growth of new PI business by leveraging experience in Professional Indemnity insurance and a strong industry network to win new clients and deliver tailored insurance solutions.
Responsibilities
- Identify, target, and secure new Professional Indemnity clients
- Develop and maintain strong relationships with prospects, insurers, and partners
- Deliver tailored insurance solutions to professional service firms
- Work closely with the wider team to create and implement effective sales strategies
- Negotiate competitive terms with insurers to meet client needs
- Maintain up-to-date market knowledge and ensure compliance with industry regulations
Experience and Requirements
- Experience in PI Insurance (essential)
- Proven track record of new business development and sales success
- Strong relationship management and negotiation skills
- Knowledge of insurer markets and policy wordings
- Excellent communication and presentation abilities
- Ambitious, self-motivated, and results-driven
Benefits
- Career growth opportunities in a leading brokerage
- Hybrid working options
If you have the relevant experience or know someone that does please contact us now on 07458162849 or email admin@lawesgroup.co.uk
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Professional Indemnity Account Executive employer: Lawes Insurance Recruitment
Contact Detail:
Lawes Insurance Recruitment Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Professional Indemnity Account Executive
β¨Tip Number 1
Network like a pro! Use your existing connections in the PI insurance world to get introductions to potential clients. Remember, personal recommendations can go a long way in securing new business.
β¨Tip Number 2
Showcase your expertise! Prepare a killer pitch that highlights your experience and success in PI insurance. Tailor it to each prospect, demonstrating how you can deliver solutions that meet their specific needs.
β¨Tip Number 3
Stay updated on market trends! Keep an eye on industry news and changes in regulations. This knowledge will not only help you in negotiations but also position you as a trusted advisor to your clients.
β¨Tip Number 4
Apply through our website! Weβre always on the lookout for talented individuals who can contribute to our growth. Donβt miss out on the chance to join us and make a real impact in the PI insurance sector.
We think you need these skills to ace Professional Indemnity Account Executive
Some tips for your application π«‘
Tailor Your CV: Make sure your CV highlights your experience in Professional Indemnity insurance. We want to see how your skills and achievements align with the role, so donβt hold back on showcasing your sales success and relationship management abilities!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why youβre the perfect fit for the Professional Indemnity Account Executive role. Share specific examples of how you've secured new clients and delivered tailored solutions in the past.
Show Off Your Industry Knowledge: We love candidates who stay up-to-date with market trends! In your application, mention any recent developments in the PI insurance sector that youβre aware of. This shows us youβre proactive and knowledgeable about the industry.
Apply Through Our Website: Donβt forget to apply through our website! Itβs the best way for us to receive your application and ensures youβre considered for the role. Plus, it makes the whole process smoother for everyone involved!
How to prepare for a job interview at Lawes Insurance Recruitment
β¨Know Your PI Insurance Inside Out
Make sure you brush up on your knowledge of Professional Indemnity insurance. Understand the latest trends, regulations, and key players in the market. This will not only help you answer questions confidently but also show your passion for the industry.
β¨Showcase Your Sales Success
Prepare to discuss specific examples of your past successes in new business development. Use the STAR method (Situation, Task, Action, Result) to structure your answers. This will demonstrate your ability to secure clients and deliver tailored solutions effectively.
β¨Build Rapport with Interviewers
Remember, relationship management is key in this role. Practice building rapport during the interview by being personable and engaging. Ask insightful questions about their team and company culture to show your interest in forming strong connections.
β¨Prepare for Negotiation Scenarios
Since negotiation skills are crucial, be ready to discuss how you would approach negotiating terms with insurers. Think of a few scenarios where you successfully negotiated competitive terms in the past and be prepared to share those experiences.