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- Tasks: Advise clients in Medtech & Life Sciences on tailored insurance solutions and risk assessments.
- Company: Join Superscript, a leading insurtech revolutionising insurance for small businesses and high-growth firms.
- Benefits: Enjoy hybrid working, 25 days holiday, private health insurance, and access to the latest tech gear.
- Why this job: Be part of a dynamic team making a real impact in the Medtech industry with innovative solutions.
- Qualifications: Experience in insurance broking or underwriting in Medtech & Life Science is essential; Cert CII preferred.
- Other info: Work in a fun, modern office environment with regular social events in central London.
The predicted salary is between 36000 - 60000 £ per year.
If you have a proven track record of success in a Medtech & Life Science Broking &/or Underwriting capacity we’d like to hear from you!
About the role
Our Medtech & Life Science Broker will be responsible for advising and securing appropriate insurance coverage for clients within the Medtech & Life Sciences industry, including Pharmaceutical, Biotech, Healthcare & Clinical Research companies. This new role will involve risk assessment, policy negotiation, and client relationship management to ensure tailored insurance solutions that meet the specific needs of Medtech & Life Science businesses.
What you’ll get up to:
- Develop and maintain strong relationships with clients in the Medtech & Life Sciences sector.
- Assess clients’ risk exposures and provide tailored insurance solutions.
- Provide expert guidance on industry-specific risks such as Product Liability, Clinical Trials, & Professional Indemnity.
- Handle client queries, policy renewals, and mid-term adjustments efficiently.
- Conduct risk assessments to identify potential liabilities in Medtech & Life Science operations.
- Work with insurers to develop specialised coverage solutions, including bespoke wordings.
- Negotiate policy terms, coverage limits, and premiums with underwriters.
- Ensure competitive pricing and appropriate coverage for clients.
- Stay updated on emerging risks in Medtech, Biotech, Pharmaceuticals, and Medical Innovations.
- Build and maintain strong relationships with insurance carriers and underwriters.
About you:
- Experience in insurance broking &/or underwriting within Medtech & Life Science.
- Proven ability to negotiate with insurers and structure tailored coverage solutions.
- Excellent communication, client relationship, and advisory skills.
- Attention to detail in policy documentation and compliance matters.
- Ability to work in a fast-paced and dynamic environment.
- Strong knowledge of Commercial insurance products.
- Cert CII qualification.
In return, we offer you:
- A competitive salary and the ability to grow your career at the UK’s leading Insurtech.
- An amazing team and founders, supportive board and investors.
- 25 days holiday - so there’s plenty of time for work, rest and play.
- Hybrid way of working for the perfect work / life balance.
- Vitality private health and dental insurance.
- Great pension (up to 10% on top of your salary).
- Full access to Spill, our mental health platform.
- Cycle to work scheme.
- Latest Apple tech gear & everything you need to be set up for success.
- Fun, modern and informal office environment with regular team social events.
- Central London location.
Medtech & Life Science Insurance Broker employer: Rotterdam Innovation City
Contact Detail:
Rotterdam Innovation City Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Medtech & Life Science Insurance Broker
✨Tip Number 1
Network within the Medtech and Life Sciences community. Attend industry events, webinars, and conferences to meet potential clients and other professionals in the field. Building relationships can lead to referrals and insights that will help you understand client needs better.
✨Tip Number 2
Stay updated on the latest trends and regulations in the Medtech and Life Sciences sectors. This knowledge will not only enhance your credibility but also enable you to provide informed advice to clients, making you a valuable asset in their decision-making process.
✨Tip Number 3
Develop strong negotiation skills. Since this role involves negotiating policy terms and coverage limits, practice your negotiation techniques. Role-playing scenarios with peers can help you refine your approach and build confidence.
✨Tip Number 4
Familiarise yourself with the specific insurance products relevant to the Medtech and Life Sciences industries. Understanding the nuances of Product Liability, Clinical Trials, and Professional Indemnity will allow you to tailor solutions effectively for your clients.
We think you need these skills to ace Medtech & Life Science Insurance Broker
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in Medtech and Life Science insurance broking or underwriting. Focus on specific achievements, such as successful negotiations or client relationships you've built in this sector.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the Medtech & Life Science industry. Mention your ability to assess risks and provide tailored insurance solutions, and explain why you're excited about the opportunity at Superscript.
Highlight Relevant Skills: In your application, emphasise skills that are crucial for the role, such as negotiation, risk assessment, and client relationship management. Use examples from your past experiences to demonstrate these skills effectively.
Show Industry Knowledge: Demonstrate your knowledge of emerging risks in the Medtech and Life Science sectors. Mention any relevant certifications, like Cert CII, and how they contribute to your expertise in providing insurance solutions.
How to prepare for a job interview at Rotterdam Innovation City
✨Know Your Industry Inside Out
Make sure you have a solid understanding of the Medtech and Life Sciences sectors. Familiarise yourself with current trends, emerging risks, and key players in the industry. This knowledge will help you demonstrate your expertise and show that you're genuinely interested in the role.
✨Prepare for Scenario-Based Questions
Expect to be asked about specific scenarios related to risk assessment and policy negotiation. Prepare examples from your past experience where you've successfully navigated similar situations. This will showcase your problem-solving skills and ability to tailor solutions for clients.
✨Highlight Your Negotiation Skills
Since the role involves negotiating with insurers, be ready to discuss your negotiation strategies and successes. Share specific instances where you secured favourable terms for clients, as this will illustrate your capability in handling complex discussions.
✨Showcase Your Client Relationship Management
Emphasise your experience in building and maintaining strong client relationships. Be prepared to discuss how you've managed client queries and ensured satisfaction in previous roles. This is crucial for demonstrating your fit for a client-facing position.
