At a Glance
- Tasks: Manage broker relationships and analyse performance to drive growth in specialty insurance.
- Company: Join Munich Re, a leader in Primary Specialty Insurance with a supportive culture.
- Benefits: Hybrid working, competitive salary, and opportunities for professional development.
- Other info: Diverse and inclusive workplace committed to sustainability and innovation.
- Why this job: Make an impact in the insurance industry while developing your analytical and relationship management skills.
- Qualifications: Experience in insurance or data analysis, strong communication skills, and proficiency in reporting tools.
The predicted salary is between 59400 - 72600 £ per year.
At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptablestrategy, superior products and industry leaders working in a supportive environment to achieve this.
At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.
Please see our website for more information.
Broker Performance Manager
We are currently looking for a Broker Performance Manager to be based in London on a full-time basis with hybrid working of 2-3 days per week in the office.
You will support the development and execution of MRSL's broker distribution strategy through a combination of broker relationship management, market intelligence and performance analysis.
The role will work closely with the Broker Relationship Manager and underwriting teams to strengthen broker engagement, provide actionable insights, identify growth opportunities and improve the effectiveness of distribution activities across the business.
The role combines external relationship management with ownership of broker analytics, management information and strategic insights, helping ensure distribution decisions are informed by data and aligned to business priorities.
Responsibilities
- Support the management of key broker relationships across the London Market.
- Develop and maintain strong working relationships with broker contacts, acting as a day-to-day point of contact where appropriate.
- Coordinate broker engagement activities, including meetings, presentations, events and strategic reviews.
- Support preparation for executive broker meetings through briefing packs, market intelligence and follow-up actions.
- Work with underwriting leaders to identify opportunities to strengthen broker engagement and improve trading relationships.
- Track broker feedback, market developments and competitor activity.
- Distribution Performance & Insights
- Own and develop distribution management information, dashboards and performance reporting.
- Analyse broker production, submission flows, hit ratios and growth opportunities across lines of business.
- Identify trends, opportunities and areas requiring management action through regular performance reviews.
- Produce broker scorecards and relationship summaries for underwriters, senior management and governance forums.
- Support portfolio reviews by providing broker and distribution insights.
- Maintain market intelligence on broker structures, strategic priorities, personnel moves and competitor positioning.
- Strategic Distribution Support
- Assist with strategic broker initiatives and partnership opportunities.
- Coordinate actions arising from broker reviews, market meetings and distribution forums.
- Contribute to business planning, budgeting and performance monitoring activities.
- Support preparation of presentations and materials for Executive Committee, Board and broker-facing meetings.
- Knowledge And Skills
- Preferably experience within the London Market or specialty insurance sector.
- Strong analytical and data interpretation skills.
- Experience producing management information, performance reporting and business insights.
- Strong communication and stakeholder management skills.
- Proficiency in Excel, Power BI or similar reporting tools.
- Ability to translate data into actionable commercial insights.
- Strong organisational and project management skills.
- Experience in broker relationship management, distribution or business development.
- Understanding of specialty insurance classes and distribution models.
- Experience working with CRM and broker management systems.
- Knowledge of Lloyd's and company market distribution dynamics.
- Diversity, Equity & Inclusion
At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better.
Embracing the power of DEI is at the core of who we are.
We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs.
Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.
All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process.
You can request an adjustment by speaking to your Talent Acquisition contact.
Learning and innovating today, striving for sustainable societies and business tomorrow
At Munich Re Specialty – Global Markets our approach to sustainability is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment.
Our sustainability strategy aims to deliver holistic impacts across environmental, social and governance topics.
Learn more about sustainability at Munich Re – choose your impact!
- #Be Present #Be Bold #Be Curious
- #J-18808-Ljbffr
Broker Performance Manager in London employer: Munich Re
Munich Re is an exceptional employer that fosters a collaborative and innovative work culture in the heart of London. With a strong emphasis on employee growth, we offer numerous opportunities for professional development and mentorship, ensuring that our team members thrive in their careers. Our commitment to cutting-edge technology and Agile practices not only enhances job satisfaction but also positions our employees at the forefront of the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Broker Performance Manager 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 Munich Re). 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 Munich Re. 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 Broker Performance Manager 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 Munich Re.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Munich Re. 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 Munich Re
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Munich Re 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 Munich Re, 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 Munich Re'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.
