At a Glance
- Tasks: Help shape the future of Tech insurance by developing innovative products and 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 options and opportunities for professional development await you.
- Why this job: Make a meaningful impact in the Tech sector while advancing your career in a dynamic environment.
- Qualifications: Experience in Technology underwriting or broking, with strong interpersonal skills.
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.
Technology Underwriter employer: Markel Corporation
Markel is an exceptional employer that prioritises the growth and development of its employees, offering a flexible and innovative work environment in the heart of London. With a strong focus on collaboration and a diverse workforce, employees benefit from a competitive salary, comprehensive benefits package, and numerous opportunities for career advancement within the dynamic Technology and Cyber division. Join us to be part of a team that values your contributions and encourages you to think further while making a meaningful impact.
StudySmarter Expert Advice🤫
We think this is how you could land Technology Underwriter
✨Tip Number 1
Network like a pro! Get out there and connect with people in the tech and insurance sectors. Attend industry events, join relevant online forums, and don’t be shy about reaching out to potential colleagues on LinkedIn. You never know who might help you land 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 – it’ll set you apart from the crowd.
✨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. A well-timed email can sometimes lead to opportunities that aren’t even advertised yet.
✨Tip Number 4
Prepare for interviews by researching the company and its products. Understand their tech offerings and think about how you can contribute to their goals. This will not only impress your interviewers but also help you feel more confident when discussing your fit for the role.
We think you need these skills to ace Technology Underwriter
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter for the Technology Underwriter role. Highlight your experience in underwriting or broking within Technology and Cyber lines, and show how your skills align with what we’re looking for.
Showcase Your Relationships:We value strong connections in the industry, so don’t forget to mention any excellent relationships you have with brokers in the Technology market. This can really set you apart from other candidates!
Be Proactive and Innovative:Demonstrate your proactive approach by sharing examples of how you've contributed to product development or enhanced customer experiences in previous roles. We love seeing candidates who think further and strive for better!
Apply Through Our Website:To make sure your application gets the attention it deserves, apply directly through our website. It’s quick and easy, and we can’t wait to learn more about you!
How to prepare for a job interview at Markel Corporation
✨Know Your Tech Stuff
Make sure you brush up on your knowledge of Technology and Cyber products. Familiarise yourself with the latest trends and challenges in the tech industry, as well as Markel's specific offerings. This will help you speak confidently about how you can contribute to their innovative approach.
✨Build Relationships
Since the role involves developing strong broker relationships, think about how you can demonstrate your interpersonal skills during the interview. Prepare examples of how you've successfully built and maintained professional relationships in the past, especially within the technology sector.
✨Show Your Strategic Side
The job requires a strategic approach to broker development. Be ready to discuss your experience with strategic planning and how you've used it to enhance customer offerings or improve processes. Think of specific instances where your strategic thinking made a difference.
✨Be Proactive and Entrepreneurial
Markel values a proactive and entrepreneurial mindset. Prepare to share examples of when you've taken initiative in your previous roles, whether that was identifying new opportunities or leading projects. Show them that you're not just a follower but someone who can drive change.
