At a Glance
- Tasks: Join our Cyber Team to innovate and manage underwriting strategies for diverse clients.
- Company: Markel, a leader in flexible and solution-focused underwriting.
- Benefits: Competitive salary, annual bonus, 25 days holiday, and comprehensive benefits package.
- Other info: Diverse and inclusive workplace with opportunities for personal and professional growth.
- Why this job: Make an impact in the fast-paced world of cyber insurance while developing your career.
- Qualifications: Strong experience in Cyber Underwriting and excellent relationship-management skills.
The predicted salary is between 50000 - 60000 £ per year.
The opportunity
We have an exciting opportunity for a Cyber Underwriter to join the Markel team. The Cyber Team focuses on writing international, UK‑domiciled, and US wholesale business on a primary and excess of loss basis. The team writes open‑market business and supports cover holders, offering a flexible and innovative approach to underwriting that delivers solution‑focused products to brokers and clients. This role is based within the Cyber team, which has six members. The portfolio covers mid‑size corporate clients up to large multinational and international clients.
What you’ll be doing
- Help raise the profile of Markel and the Cyber team.
- Demonstrate a strategic and structured approach to broker development, communicating the Markel story in a compelling and credible way.
- 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 claims colleagues on broker and customer meetings to maximise business development opportunities, studying claims trends and losses to refine the underwriting approach.
- Challenge wordings/clauses, lead in navigating the complexities of drafting and amending wordings, and raise concerns to the Head of Cyber or wordings team.
- Contribute to innovation within the product suite, providing expert input into the creation of new products and the refinement of existing ones, and regularly analysing competitors’ products and capabilities.
- Proactively develop, own, and enhance our customer offering within Cyber, engaging with customers to identify needs and provide solutions.
- Lead and manage key, Cyber‑specific broker relationships.
- Lead and manage pipelines for the team, influencing brokers and advancing Markel’s interests through strong interpersonal and presentation skills.
- Identify new distribution and delegated/cover‑holder opportunities, implementing them where appropriate.
- Manage your own renewal book of business in line with appetite and strategy, including combined ratio targets.
Our must haves
- Strong experience in 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
What’s in it for you
A great starting salary plus annual bonus and strong benefits package. 25 days paid holiday plus Bank Holidays, with the opportunity to buy or sell extra leave. Fantastic company pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, season ticket loan, and other benefits. Countless opportunities to learn new skills and develop your career, with the support you need to do so.
Markel celebrates the value of a diverse workforce that brings experience and expertise from a wide variety of backgrounds and life circumstances. Whether you feel you meet the requirements of this role or are looking for flexible working patterns, we want to hear from you. We are a Disability Confident, Committed employer. If you need reasonable adjustments to ensure the application or interview process is accessible, please let us know. We will provide accommodations to support individuals with disabilities in participating in the job application, interview process, performing essential job functions, and receiving other benefits and privileges of employment. Please contact us to request accommodation.
Cyber Underwriter employer: Markel
Markel is an exceptional employer that prioritises employee growth and development within a dynamic and innovative work culture. As a Cyber Underwriter, you will benefit from a competitive salary, a comprehensive benefits package, and the opportunity to engage in meaningful work that influences the future of cyber insurance. With a commitment to diversity and inclusion, Markel fosters an environment where every team member's contributions are valued, ensuring a rewarding career path in a supportive setting.
StudySmarter Expert Advice🤫
We think this is how you could land Cyber Underwriter
✨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). 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. 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
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.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Markel. 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
✨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 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, 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'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.
