At a Glance
- Tasks: Join our Cyber Division to underwrite and innovate in the exciting world of cyber insurance.
- 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: Flexible working options and commitment to diversity and inclusion.
- Why this job: Make a meaningful impact while developing your career in a dynamic and supportive environment.
- 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 realize our potential, we can help others reach theirs.
The 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 write 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 focussed 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 of 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 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
Who we are: 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 Bank Holidays, with the opportunity to buy/sell extra leave. Fantastic company pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, season ticket loan as well as other great benefits on offer. There are countless opportunities to learn new skills and develop in your career, and we can provide the support needed to do just that!
Are you ready to play your part? Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you.
Markel celebrates 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 are a Disability Confident Committed employer which means we will you'll have a positive experience applying for a role at Markel and are able to perform at your best. If there are any adjustments we can reasonably make to ensure that the process is accessible for you at every stage please let us know. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
Cyber Underwriter in London employer: Markel
At Markel, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation within our Cyber Division in London. With a strong commitment to employee growth, we provide extensive learning opportunities, competitive benefits including a generous holiday allowance and comprehensive health coverage, and a supportive environment that values diversity and flexible working arrangements. Join us to make a meaningful impact while advancing your career in a global community of optimists and problem-solvers.
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). 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 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.
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.
