At a Glance
- Tasks: Manage and develop a portfolio of Professional Indemnity clients while providing expert advice.
- Company: Join a leading insurance firm with a commitment to diversity and inclusion.
- Benefits: Competitive salary, performance bonuses, pension contributions, and private medical insurance.
- Why this job: Make a real impact by supporting clients in navigating complex insurance needs.
- Qualifications: Experience in Professional Indemnity insurance and strong negotiation skills.
- Other info: Dynamic work environment with opportunities for professional development and career growth.
The predicted salary is between 36000 - 60000 £ per year.
The Professional Indemnity Executive is responsible for managing, developing, and servicing a portfolio of Professional Indemnity (PI) clients. The role involves providing specialist advice, placing cover with insurers, negotiating terms, and ensuring clients receive comprehensive risk and claims support. The successful candidate will demonstrate strong technical knowledge of PI insurance, excellent relationship management skills, and a proactive approach to business development.
Key Responsibilities
- Client Management
- Manage an allocated portfolio of Professional Indemnity clients across various sectors (e.g., legal, construction, financial services, technology, consultancy).
- Deliver high-quality advice on coverage, limits, excess structures, and policy wording.
- Conduct renewal reviews, identify coverage gaps, and recommend appropriate risk solutions.
- Maintain strong, long-term client relationships and act as a trusted advisor.
- Placement & Market Engagement
- Prepare market presentations and underwriting submissions.
- Negotiate competitive terms with insurers.
- Maintain strong working relationships with key insurers and underwriters.
- Stay informed of market trends, capacity changes, and emerging risks.
- New Business Development
- Identify and pursue new business opportunities.
- Support tender submissions and proposal documents.
- Cross-sell additional insurance products where appropriate.
- Claims Support
- Assist clients with notification and management of PI claims.
- Liaise with insurers, loss adjusters, and legal representatives to ensure timely resolution.
- Provide strategic claims guidance and advocacy for clients.
Skills & Experience
Essential
- Proven experience handling Professional Indemnity insurance.
- Strong understanding of policy wordings, exclusions, and endorsements.
- Excellent negotiation and communication skills.
- Ability to manage multiple renewals and deadlines effectively.
- Strong analytical and problem-solving skills.
- Working knowledge of insurance regulation and compliance standards.
Desirable
- Cert CII / Dip CII qualified (or working towards qualification).
- Experience dealing with complex or high-value PI placements.
- Existing insurer or client relationships within professional services sectors.
Salary & Benefits
- Competitive salary (dependent on experience)
- Performance-related bonus
- Pension contribution
- Private medical insurance
- Professional development support
NRG is an equal opportunities employer committed to promoting a diverse and inclusive workplace. We oppose all forms of unlawful or unfair discrimination on the grounds of any protected characteristic. Our aim is to create an environment that encourages diversity, builds on individual differences, and responds equitably to the needs of all. We proactively take steps to fulfil our legal obligations, remove barriers, monitor for fairness, reflect the communities we serve, and enforce a zero-tolerance policy for breaches of our Equality and Diversity policy.
Professional Indemnity Broker in Bath employer: NRG.
Contact Detail:
NRG. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Professional Indemnity Broker in Bath
✨Tip Number 1
Network like a pro! Attend industry events, webinars, and local meet-ups to connect with professionals in the insurance sector. Building relationships can lead to job opportunities that aren't even advertised.
✨Tip Number 2
Show off your expertise! Create a LinkedIn profile that highlights your knowledge of Professional Indemnity insurance. Share articles, engage in discussions, and showcase your skills to attract potential employers.
✨Tip Number 3
Don’t just apply; follow up! After submitting your application through our website, drop a friendly email to express your enthusiasm for the role. It shows initiative and keeps you on their radar.
✨Tip Number 4
Prepare for interviews by practising common questions related to PI insurance. Be ready to discuss your experience with policy wordings and client management. Confidence is key!
We think you need these skills to ace Professional Indemnity Broker in Bath
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Professional Indemnity Broker role. Highlight your experience with PI insurance, client management, and any relevant qualifications. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you the perfect fit. Don’t forget to mention your negotiation skills and experience in managing client relationships.
Showcase Your Achievements: When detailing your experience, focus on specific achievements that demonstrate your expertise in PI insurance. Whether it's successful negotiations or client retention, we love to see quantifiable results that show your impact!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at NRG.
✨Know Your Stuff
Make sure you brush up on your knowledge of Professional Indemnity insurance. Understand the key policy wordings, exclusions, and endorsements. Being able to discuss these confidently will show that you're not just familiar with the basics but have a solid grasp of the complexities involved.
✨Build Rapport
During the interview, focus on building a connection with your interviewers. They’ll be looking for someone who can maintain strong client relationships, so demonstrate your excellent communication skills and ability to engage with people. Share examples of how you've successfully managed client relationships in the past.
✨Show Your Negotiation Skills
Prepare to discuss your negotiation strategies and experiences. Think of specific instances where you’ve negotiated terms with insurers or clients. Highlight your approach to achieving competitive terms and how you’ve navigated challenges in the past.
✨Be Proactive About Business Development
Employers want to see that you’re not just reactive but proactive in seeking new business opportunities. Come prepared with ideas on how you could contribute to their growth. Discuss any previous successes in business development and how you plan to apply those strategies in this role.