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 continuous learning and development.
- Why this job: Make a meaningful impact in the Tech sector while advancing your career in a dynamic environment.
- Qualifications: Experience in Technology and Cyber underwriting, with strong interpersonal 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:
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 in London employer: Markel
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 benefit from a comprehensive benefits package, including a generous pension scheme, private medical cover, and ample opportunities for career advancement. Join us to make a meaningful impact while enjoying a supportive culture that celebrates diversity and encourages personal and professional growth.
StudySmarter Expert Advice🤫
We think this is how you could land Technology Underwriter in London
✨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, make sure to highlight your knowledge in Technology and Cyber lines. Share insights on market trends or innovative ideas for products. This will help you stand out as a candidate who’s not just looking for a job, but is genuinely passionate about the field.
✨Tip Number 3
Prepare for interviews by practising your pitch. You want to communicate the Markel story effectively, so think about how you can present your experience and skills in a way that aligns with their values. Role-play with a friend or use mock interviews to build your confidence.
✨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 team at Markel. Keep an eye on our careers page for the latest opportunities and make sure your application reflects your enthusiasm for the role.
We think you need these skills to ace Technology Underwriter in London
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in Technology and Cyber lines. We want to see how your skills align with what we do at Markel, so don’t hold back on showcasing your relevant achievements!
Show Your Passion:Let your enthusiasm for the role shine through! We love candidates who are genuinely excited about the Technology sector and can convey that passion in their written application. Share why you’re interested in joining our team at Markel.
Be Clear and Concise:Keep your writing straightforward and to the point. We appreciate clarity, so avoid jargon and long-winded sentences. Make it easy for us to see your qualifications and fit for the Technology Underwriter role.
Apply Through Our Website:Don’t forget to submit your application via our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do – just hit ‘Apply Now’!
How to prepare for a job interview at Markel
✨Know Your Tech Stuff
Make sure you brush up on your knowledge of Technology and Cyber products. Familiarise yourself with the specific offerings that Markel provides, like combined PI, Cyber, Property, EL & GL. Being able to discuss these confidently will show that you're serious about the role.
✨Build Relationships
Since the role involves developing strong broker relationships, think about how you can demonstrate your interpersonal skills. Prepare examples of how you've successfully built relationships in the past, and be ready to discuss how you would approach this at Markel.
✨Show Your Innovative Side
Markel values innovation, so come prepared with ideas on how to enhance their customer offering within Tech. Think about potential new products or improvements to existing ones, and be ready to share your thoughts during the interview.
✨Be Ready to Discuss Competitors
Understanding the competitive landscape is crucial for this role. Research competitors' products and strategies, and be prepared to discuss how Markel can stand out. This shows that you're proactive and have a strategic mindset, which is exactly what they’re looking for.
