At a Glance
- Tasks: Underwrite and develop innovative Tech and Cyber insurance products while building strong broker relationships.
- Company: Join Markel, a Fortune 500 company with a collaborative and growth-focused culture.
- Benefits: Enjoy a competitive salary, annual bonus, and a comprehensive benefits package including private medical cover.
- Other info: Flexible working patterns available; we celebrate diversity and support your unique journey.
- Why this job: Make a meaningful impact in the tech insurance space and enhance your career with endless learning opportunities.
- Qualifications: Experience in underwriting or broking within Technology and Cyber lines is essential.
The predicted salary is between 60000 - 75000 £ per year.
The Technology Underwriter will be focused on the Technology and Cyber products within the PFR & Cyber division. The Technology team manages a diverse portfolio spanning large multi-nationals, mid-market firms, and SMEs across international and US-domiciled risks. We have a number of products catering for Technology clients including combined offerings (PI, Cyber, Property, EL & GL) and offer Multinational capabilities through our syndicate and company capacity. We offer a flexible and growth focused platform, for ambitious individuals looking to build their profile and career.
Who we are:
Business Unit overview: Professional & Financial Risks (PFR) focus on international and UK-domiciled business and can deploy capacity of £10m/ €15m/ $20m on any one risk. The team is made up of three business lines, Cyber & Technology, Management Liability and Financial Institutions. We provide an excellent service via our expert underwriters who have a flexible and innovative approach to underwriting that ensures that we can provide the product required for our customers. Part of Markel Group (NYSE – MKL) a Fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory, and investment operations around the world.
What you’ll be doing:
- Help in raising the profile of Markel and the team in Tech. Demonstrate a strategic and structured approach to broker development, communicate the Markel story to brokers and customers in a compelling and credible way that supports the brand. Help to develop and maintain strong working relationships within Markel.
- Contribute innovation within the product suite providing expert input into the creation of new products and proactive input into the refinement of existing products or the services relating to the product. Seek to regularly analyse competitors’ products, capabilities and appetite and share within the team.
- Proactively develop, own and enhance our customer offering within Tech, actively engaging with customers to identify their needs and provide solutions to problems, as well as seeking new ways to enhance the customer experience.
- Take the lead in developing and managing key, Tech specific broker relationships. Actively lead and manage pipelines for the team. Influence brokers and advance Markel’s interests through strong interpersonal and presentation skills.
- Identify new distribution and Delegated/Coverholder opportunities and where appropriate implement them.
- Manage your own renewal book of business in line with appetite and strategy, including combined ratio targets.
- Keep abreast of Tech package related product development and knowledge, and use this to lead on product development within the team.
- Actively market and promote Markel and our Tech offering in the insurance market.
- Review and underwriting of new and renewal risks using technical rating model.
Key Skills:
- Have experience underwriting or broking within Technology and cyber lines.
- Have strong technical knowledge within Technology and Cyber lines.
- Have excellent relationships within the Technology market across a range of brokers.
- Previous Property and Casualty Underwriting experience would be beneficial.
- Multinational placement experience would be beneficial.
- Demonstrate a collegiate mentality and be able to work within a team of Underwriters.
- Demonstrate a proactive and entrepreneurial approach.
- Be computer literate and have the ability to develop a full understanding and capability of in-house and MS systems.
What’s in it for you?
- A great starting salary plus annual bonus & strong benefits package.
- Up to 16% company pension scheme.
- Private medical and dental cover, Menopause plan, emergency care benefit (children/Pets/dependants).
- Income protection, Life assurance, electric car scheme, travel insurance.
- 25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave.
- As well as other great benefits on offer there are countless opportunities to learn new skills and develop in your career!
Are you ready to play your part?
If you’re looking for a place where you can make a meaningful difference, you’ve found it. The work we do at Markel gives people the confidence to move forward, reach their full potential and seize opportunities. You’ll find your fit amongst our diverse global community of optimists and problem-solvers. We’re always pushing each other to think further because we believe that when we strive for better and realise our potential, we can help others reach theirs.
Join us and play your part in something special! Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you. At Markel we are all about the people, celebrating the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whatever your background, if you feel you meet the requirements of this role then we want to hear from you. We are also happy to consider candidates who are looking for flexible working patterns.
We will ensure that individuals are provided with any reasonable accommodations to be able to participate in the job application or interview process and to perform essential job functions if successful. Please contact us via email at rec@markel.com or call us at 0161 507 5827 to request any accommodations or adjustments that may be needed, including alternative formats of documents or information on how to apply offline.
Global Tech & Cyber Underwriter employer: Markel Corporation
Markel is an exceptional employer that prioritises employee growth and development within a dynamic and innovative work culture. Located in London, the company offers a competitive salary, comprehensive benefits including a generous pension scheme and private medical cover, and a supportive environment that encourages collaboration and creativity. With a focus on technology and cyber products, employees have the opportunity to make a meaningful impact while advancing their careers in a diverse and inclusive global community.
StudySmarter Expert Advice🤫
We think this is how you could land Global Tech & Cyber Underwriter
✨Tip Number 1
Network like a pro! Get out there and connect with people in the tech and cyber insurance space. Attend industry events, join relevant online forums, and don’t be shy about reaching out to potential colleagues on LinkedIn. The more connections you make, the better your chances of landing that dream job!
✨Tip Number 2
Show off your expertise! When you get the chance to chat with recruiters or during interviews, make sure to highlight your knowledge in technology and cyber lines. Share specific examples of how you've tackled challenges in the past. This will help you stand out as a candidate who knows their stuff.
✨Tip Number 3
Be proactive! Don’t just wait for job openings to pop up. Reach out to companies you admire, like Markel, and express your interest in working with them. Even if they’re not hiring right now, they might keep you in mind for future opportunities. Plus, it shows initiative!
✨Tip Number 4
Prepare for interviews by researching the company and its products. Understand what makes Markel unique in the tech and cyber market. Tailor your answers to reflect how your skills align with their needs. And remember, we want to see your personality shine through—be yourself!
We think you need these skills to ace Global Tech & Cyber Underwriter
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Global Tech & Cyber Underwriter role. Highlight your experience in underwriting or broking within Technology and Cyber lines, and don’t forget to showcase any relevant skills that align with what we’re looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to tell us why you’re the perfect fit for this role. Use it to communicate your passion for technology and how your background can help us raise the profile of Markel in the tech space.
Showcase Your Relationships:We value strong relationships in this role, so be sure to mention any connections you have within the Technology market. If you’ve worked with brokers before, let us know how you’ve built those relationships and how they could benefit our team.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just click ‘Apply Now’ and fill out the short application form!
How to prepare for a job interview at Markel Corporation
✨Know Your Tech Inside Out
Make sure you brush up on your knowledge of technology and cyber lines. Familiarise yourself with the latest trends, products, and competitors in the market. This will not only help you answer questions confidently but also show your genuine interest in the role.
✨Build Relationships Before the Interview
Since this role involves managing broker relationships, try to connect with industry professionals beforehand. Use platforms like LinkedIn to engage with potential colleagues or brokers. This can give you insights into the company culture and help you stand out during the interview.
✨Prepare Your Success Stories
Think of specific examples from your past experiences that demonstrate your skills in underwriting, relationship management, and innovation. Be ready to share these stories during the interview to illustrate how you can contribute to the team at Markel.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's approach to technology underwriting and their future plans. This shows that you're not just interested in the job, but also in how you can play a part in the company's growth and success.
