At a Glance
- Tasks: Join our Cyber Team to underwrite innovative insurance solutions and develop key broker relationships.
- Company: Markel, a global leader in insurance with a collaborative and optimistic culture.
- Benefits: Competitive salary, annual bonus, 25 days holiday, and strong benefits package.
- Other info: Dynamic environment with opportunities for professional growth and innovation.
- Why this job: Make a meaningful impact in the fast-paced world of cyber insurance.
- Qualifications: Strong experience in Cyber Underwriting and excellent relationship management skills.
The predicted salary is between 60000 - 75000 £ per year.
Are you an experienced Cyber Underwriter? Come and progress your career working with our dedicated Cyber Division in our London office here at Markel!
What part will you play? 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 and seize opportunities, and you’ll find your fit amongst our global community of optimists and problem‑solvers. We’re always pushing each other to go further because we believe that when we realise our potential, we can help others reach theirs.
Opportunity
We have an exciting opportunity for a Cyber Underwriter to join the Markel team. The Cyber Team is focussed on writing international, UK‑domiciled and US Wholesale business, on a primary and excess of loss basis. The Cyber team writes open market business, as well as via cover holder’s that we support as a team. We provide an excellent service via our expert Cyber Underwriters who offer a flexible and innovative approach to underwriting that ensures we provide solution‑focused products to our brokers and clients. This role is based within the Cyber team, of which there are six members. The Cyber portfolio underwritten by the Cyber team offers insurance to mid‑size corporate clients, up to large multinational and international clients.
What you’ll be doing
- Help in raising the profile of Markel and the team in Cyber.
- 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.
- Create and provide Thought Leadership for the Cyber Team.
- Manage a portion or industry within the Cyber Portfolio, analysing, working with Actuaries, and creating strategy for the portfolio.
- Collaborate with Markel claims colleagues on broker and customer meetings to maximise business development opportunities, as well as studying claims trends and losses in order to further our Underwriting approach.
- Challenge wordings/clauses, lead in navigating the complexities of drafting & amending wordings/clauses, and raise concerns to Head of Cyber/wordings team.
- Contribute to 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 Cyber, 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, Cyber 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/Cover holder opportunities and where appropriate implement them.
- Manage your own renewal book of business in line with appetite and strategy, including combined ratio targets.
Our must haves
- Strong experience of Cyber Underwriting.
- Underwriting Insights and Risk Acceptance.
- Portfolio Management.
- Underwriting Data Analysis.
- Actuarial Concepts.
- Claims Service and Data Analysis.
- Wording Comprehension and Improvement.
- Excellent relationship management skills.
About Markel
Markel Corporation (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. We’re all about people | We win together | We strive for better | We enjoy the everyday | We think further.
What’s in it for you
A great starting salary plus annual bonus & strong benefits package… 25 days paid holiday plus.
Cyber Underwriter in London employer: Markel Corporation
At Markel, we pride ourselves on being an exceptional employer, offering a dynamic work environment in our London office where innovation and collaboration thrive. Our Cyber Division is dedicated to empowering employees with opportunities for professional growth, competitive salaries, and a comprehensive benefits package, all while fostering a culture of optimism and problem-solving. Join us to make a meaningful impact in the world of Cyber Underwriting and be part of a global community that values your contributions.
StudySmarter Expert Advice🤫
We think this is how you could land Cyber Underwriter in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Markel Corporation). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Markel Corporation. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Cyber Underwriter in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Markel Corporation.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Markel Corporation. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Markel Corporation
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Markel Corporation to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Markel Corporation, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Markel Corporation's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
