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For Companies At a Glance
- Tasks: Develop new business and cultivate relationships with brokers globally.
- Company: Servca is a dynamic, owner-managed Lloyd’s Broker with international reach.
- Benefits: Enjoy flexible working, career development, and competitive salary with bonuses.
- Why this job: Join a growing team and gain international exposure in the insurance industry.
- Qualifications: 2 years in commercial broking; strong communication and business development skills required.
- Other info: Hybrid working model: 3 days in London, 2 days remote.
The predicted salary is between 36000 - 60000 £ per year.
Servca are an international, owner-managed Lloyd’s Broker headquartered in the UK with offices in Canada and Europe. Servca specialise in Professional Indemnity, D&O, Medical Malpractice and Liability risks originating from direct ‘Retail’ clients and from our global partner brokers (Wholesale business).
In line with our strong growth, we are seeking a highly driven Commercial Broker to grow UK and international business. This individual will be a highly motivated, self-starter able to identify and develop new business prospects.
Key responsibilities/tasks:- Develop new business with new and existing regional brokers by placing business into various Lloyd’s of London facilities set up by the company.
- Leverage existing insurer relationships in placement of risks.
- Follow up on leads and conduct research to identify potential prospects.
- Follow, build and cultivate prospective relationships by initiating communications and conducting follow-up communication with new and existing partners globally.
- Leverage existing relationships to contribute to the company and its future advancements.
- Minimum 2 years experience in commercial broking professional indemnity & liability insurance including wordings, clauses and endorsement specifics.
- Lloyd’s of London experience would be ideal, although not compulsory.
- Demonstrated ability to meet and/or exceed risk placement targets.
- A proven track record of strong insurer relationships.
- Business development skills would be advantageous.
- Excellent written and verbal communication skills.
- Proficient in MS Office products (Excel, Word, MS Outlook, MS PowerPoint).
- Experience with using main-stream insurance CRMs.
- Ability to follow up leads to build the prospect pipeline.
- Knowledge of and experience in setting up binders, schemes and delegated authorities would be beneficial.
- A truly rewarding career in insurance and Lloyd’s of London.
- International exposure by working with our UK and global clients and partners.
- A flexible and agile working environment where you are empowered to achieve results.
- A growing team.
- Career development.
- Flexible working conditions (hybrid working 3 days in London/2 days wfh).
- An opportunity for you to grow and learn new skills.
- A competitive salary, based on your experience.
- Participation in the company performance related bonus scheme.
- Private Medical Insurance.
- Pension.
Servca & affiliated subsidiaries are an equal opportunities employer.
Broker Consultant employer: Servca
Contact Detail:
Servca Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Broker Consultant
✨Tip Number 1
Network within the insurance industry, especially with professionals who have experience in Lloyd's of London. Attend industry events and seminars to meet potential contacts who could help you get your foot in the door.
✨Tip Number 2
Research Servca and their specific areas of expertise. Understanding their business model and the types of risks they handle will allow you to tailor your conversations and demonstrate your genuine interest in the role.
✨Tip Number 3
Prepare to discuss your previous successes in business development and risk placement. Be ready to share specific examples that highlight your ability to exceed targets and build strong insurer relationships.
✨Tip Number 4
Familiarise yourself with the latest trends and challenges in the professional indemnity and liability insurance sectors. This knowledge will not only impress during discussions but also show that you are proactive and well-informed.
We think you need these skills to ace Broker Consultant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in commercial broking, particularly in professional indemnity and liability insurance. Emphasise any relevant skills, such as business development and insurer relationships, that align with the job description.
Craft a Compelling Cover Letter: Write a cover letter that showcases your motivation for the role and your understanding of Servca's business model. Mention specific experiences where you've successfully developed new business or leveraged existing relationships to achieve results.
Highlight Relevant Experience: In your application, clearly outline your experience with Lloyd’s of London and any specific achievements related to risk placement targets. Use quantifiable metrics to demonstrate your success in previous roles.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in the insurance industry.
How to prepare for a job interview at Servca
✨Know Your Insurance Basics
Make sure you brush up on your knowledge of professional indemnity and liability insurance. Be prepared to discuss specific wordings, clauses, and endorsements, as this will demonstrate your expertise in the field.
✨Showcase Your Business Development Skills
Be ready to share examples of how you've successfully developed new business in the past. Highlight any strategies you've used to identify prospects and build relationships, as this is crucial for the role.
✨Leverage Your Relationships
Discuss your existing insurer relationships and how they can benefit the company. Be specific about how you've cultivated these connections and how they could help in placing risks effectively.
✨Prepare for Scenario Questions
Expect questions that ask you to solve hypothetical situations related to broking. Think about how you would approach placing business into Lloyd’s facilities or handling a challenging client relationship.
