At a Glance
- Tasks: Help shape the future of Tech underwriting and build strong broker relationships.
- Company: Join Markel, a Fortune 500 company with a focus on innovation and collaboration.
- Benefits: Enjoy a competitive salary, bonuses, and a fantastic benefits package including private medical cover.
- Other info: Flexible working options and opportunities for personal growth await you!
- Why this job: Make a real impact in the Tech industry while developing your career in a supportive environment.
- Qualifications: Experience in Technology and Cyber underwriting, with strong relationship-building skills.
The predicted salary is between 50000 - 60000 £ 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: 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.
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 and 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.
Technology Underwriter employer: Markel International
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 the insurance industry. With a strong focus on collaboration and a diverse global community, employees are encouraged to build their profiles and careers while enjoying a comprehensive benefits package, including generous pension contributions and health coverage. Join us at Markel, where your contributions make a meaningful impact and you can thrive in a culture that celebrates diversity and fosters professional growth.
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 industry. Attend events, join 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 Technology Underwriter role.
✨Tip Number 2
Show off your expertise! When you get the chance to chat with brokers or potential employers, share your insights on the latest trends in technology and cyber insurance. This not only demonstrates your knowledge but also shows that you're genuinely interested in the field.
✨Tip Number 3
Prepare for interviews by practising your pitch. Be ready to explain how your experience aligns with the needs of the Technology team at Markel. Highlight your understanding of their products and how you can contribute to their growth and innovation.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining the Markel team and ready to play your part in something special.
We think you need these skills to ace Technology Underwriter
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Technology 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 our needs.
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 demonstrate your understanding of the Technology market and how you can contribute to raising Markel's profile in Tech.
Showcase Your Relationships:We value strong relationships in this role, so be sure to mention any connections you have within the Technology market. Talk about how you've successfully managed broker relationships in the past.
Apply Through Our Website:We encourage you to apply through our website for a smooth application process. It’s the best way for us to receive your application and get to know you better!
How to prepare for a job interview at Markel International
✨Know Your Tech Stuff
Make sure you brush up on your knowledge of Technology and Cyber products. Understand the key features, benefits, and challenges of these products, as well as the competitive landscape. This will help you speak confidently about how you can contribute to the team.
✨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.
✨Show Your Strategic Side
Be ready to discuss your approach to broker development and how you would communicate the Markel story effectively. Think of specific strategies you could implement to enhance customer experience and product offerings, and be prepared to share these ideas.
✨Demonstrate a Proactive Mindset
The job calls for an entrepreneurial approach, so come prepared with examples of how you've taken initiative in previous roles. Highlight any innovative solutions you've developed or implemented that have positively impacted your team or organisation.
