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For Companies At a Glance
- Tasks: Support Underwriters with submissions, claims analysis, and policy documentation in a dynamic Cyber team.
- Company: Join Markel, a Fortune 500 company leading in insurance and reinsurance across 20+ countries.
- Benefits: Enjoy a competitive salary, annual bonus, 25 days holiday, and comprehensive health benefits.
- Why this job: Be part of a collaborative team that empowers you to innovate and grow your career in Cyber.
- Qualifications: Skills in data analysis, customer service, and relationship management are essential for success.
- Other info: Flexible working patterns available; we celebrate diversity and inclusivity in our workforce.
The predicted salary is between 28800 - 43200 £ per year.
Come and progress your career working with our dedicated Cyber Division in our London office here at Markel as an Assistant Cyber Underwriter!
What part will you play? 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 and seize opportunities, and you’ll find your fit amongst our global community of optimists and problem-solvers. We’re always pushing each other to go further because we believe that when we realize our potential, we can help others reach theirs.
Join us and play your part in something special!
The opportunity:
We have an exciting opportunity for an Assistant Cyber Underwriter to join the Markel Cyber team. We have been writing Cyber for over 10 years, across 6 proprietary Cyber products, on globally licensed company and syndicate paper. Our portfolio is large and diverse, consisting of primary and excess of loss business, for SME and large corporate, across 50 countries, including the US and UK. We pride ourselves on our leading Open Market offering, supplemented by delegated business via Coverholders and market facilities. This role is based within the Cyber team, of which there are twelve dedicated members. This expert team is dedicated to providing best-in-breed service and are empowered to offer flexible and innovative solutions to our brokers and clients. We give our Underwriters commercial freedom and ever-improving tools, training and intelligence, to help them operate effectively and take smart, calculated risks.
What you’ll be doing:
- Receive new business & renewal submissions from Underwriters, and log, process, sanction screen and enter them into the rater
- Support Underwriters in the renewing of policies, this may include claims analysis, as well as producing Cyber reports via IT platforms that we use within the Markel Cyber team
- Develop and understanding of the Cyber product, and Cyber product coverage across competitor wordings
- On occasion, specific reports or management information may be required by Underwriters or Managers, be prepared to produce such information upon request
- Develop positive relationships across the various Markel teams that the Cyber Underwriting team works with, for example, the premium processing team, the sanctions team, compliance team and Underwriting Oversight team
- Handle and maintain central documents and spreadsheets that the Underwriting team rely upon for the day-to-day operation of the team, such as the Outstanding Slips spreadsheet and Renewal sheet
- Keep abreast of Cyber product development and knowledge
- Ensure continuous professional development is undertaken
- With Underwriter guidance & instruction, produce Markel Cyber policy documentation, including endorsements
Our must-haves:
- Underwriting Data Analysis
- Claims Service and Data Analysis
- Wording Comprehension and Improvement
- Customer Mind-Set
- Relationship Management
- Technology and Workflow Tool Proficiency
- Financial Data Comprehension
Who we are:
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.
We’re all about people | We win together | We strive for better | We enjoy the everyday | We think further
What’s in it for you?
- A great starting salary plus annual bonus & strong benefits package…
- 25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave
- Fantastic company pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, season ticket loan as well as other great benefits on offer
- There are countless opportunities to learn new skills and develop in your career and we can provide the support needed to do just that!
Are you ready to play your part?
Choose ‘Apply Now’ to fill out our short application, so that we can find out more about you.
Markel celebrates 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 are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status.
We will ensure that individuals with disabilities are provided with all 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 that may be needed. This includes any alternative formats of any documents or information on how to apply offline.
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Assistant Underwriter employer: Starr Underwriting
Contact Detail:
Starr Underwriting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Underwriter
✨Tip Number 1
Familiarise yourself with the Cyber insurance landscape. Understanding the key players, products, and trends in the Cyber market will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the insurance and underwriting sectors. Attend industry events or join relevant online forums to connect with current employees at Markel or similar companies, which can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Brush up on your data analysis skills. Since the role involves underwriting data analysis and claims service, being proficient in tools like Excel or other data management software will set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your customer service mindset and relationship management skills. Think of specific examples from your past experiences where you've successfully built relationships or resolved issues, as these are crucial for the Assistant Underwriter role.
We think you need these skills to ace Assistant Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of an Assistant Cyber Underwriter. Familiarise yourself with the key skills mentioned in the job description, such as underwriting data analysis and relationship management.
Tailor Your CV: Customise your CV to highlight relevant experience and skills that align with the requirements of the role. Emphasise any previous experience in underwriting, data analysis, or customer service to make your application stand out.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the position and the company. Mention specific aspects of Markel's Cyber Division that excite you and how your background makes you a great fit for their team.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial in the underwriting field.
How to prepare for a job interview at Starr Underwriting
✨Understand Cyber Insurance Basics
Before your interview, make sure you have a solid grasp of what cyber insurance entails. Familiarise yourself with common terms and concepts related to cyber risks and coverage. This will not only show your interest in the role but also demonstrate your commitment to understanding the industry.
✨Prepare for Data Analysis Questions
As an Assistant Underwriter, you'll be dealing with data analysis regularly. Brush up on your analytical skills and be ready to discuss how you would approach analysing claims or submissions. Consider bringing examples from past experiences where you've successfully used data to inform decisions.
✨Showcase Your Relationship Management Skills
The role requires building positive relationships across various teams. Think of examples from your previous roles where you successfully collaborated with others. Be prepared to discuss how you would foster these relationships within the Markel Cyber team.
✨Demonstrate Your Customer Mindset
Markel values a customer-centric approach. During the interview, highlight your understanding of customer needs and how you can contribute to providing excellent service. Share specific instances where you went above and beyond to meet client expectations.
