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For Companies At a Glance
- Tasks: Drive growth in the Insurance sector and build executive-level relationships.
- Company: Join an award-winning tech company with a strong focus on employee values.
- Benefits: Competitive salary, bonuses, equity scheme, and flexible working arrangements.
- Why this job: Make a real impact in the insurance industry with innovative solutions.
- Qualifications: Experience in Business Development within Insurance Services is essential.
- Other info: Enjoy a supportive community and excellent career development opportunities.
The predicted salary is between 48000 - 72000 £ per year.
Version 1 has celebrated over 29 years in Technology Services and continues to be trusted by global brands to deliver solutions that drive customer success. Our expertise enables our customers to navigate the rapidly changing Digital-First world we live in. We foster strong partnerships with leading technology giants including Microsoft, AWS, Oracle, Red Hat, OutSystems, Snowflake, ensuring that our customers are provided with the highest quality solutions and services.
We are seeking a commercially driven and domain-knowledgeable Business Development Director to accelerate our growth across the Insurance sector, with a focus on Life & Pensions and Property & Casualty segments. This role will drive pipeline origination, build executive-level relationships, and lead go-to-market strategies across insurers, reinsurers, brokers, and administrators in the UK and Ireland. The ideal candidate will possess deep industry knowledge of insurance value chains, emerging digital and data-driven capabilities, and the ability to position solutions that solve for core system modernization, customer experience, risk optimization, regulatory compliance, and claims transformation.
Key Responsibilities- Strategic Account & Pipeline Development: Identify, qualify, and target insurance accounts preferably across Life & Pensions, Property & Casualty and reinsurance sectors. Develop pursuit plans and account strategies aligned to policy administration, claims, underwriting, and distribution modernization. Originate large transformation opportunities with Tier 2 and mid-sized insurers and brokers.
- GTM Execution & Solution Positioning: Collaborate with solution architects and insurance domain SMEs to craft tailored value propositions. Lead workshops, bids, and presentations focused on AI-led automation, data modernization, legacy system transformation, and cloud adoption. Position techno functional solutions in areas such as intelligent document management, telematics-based underwriting, fraud analytics, and digital claims orchestration.
- Stakeholder Engagement & Relationship Management: Establish trusted relationships with CIOs, Heads of Claims, COOs, and Chief Underwriters. Represent the organization at key insurance forums and regulatory roundtables.
- Market & Competitive Intelligence: Monitor industry trends including regulatory updates (NAIC, ORSA, NYDFS, Climate Risk mandates etc.). Identify whitespace opportunities based on competitor activity and technology adoption curves.
- Collaboration & Enablement: Work with internal practices, cloud/data units, and partner ecosystems to develop domain-led campaigns. Enable sales enablement across the insurance vertical and mentor junior team members.
- Strong experience in Business Development or sales experience in Insurance Services.
- Strong experience in Life & Pensions and/or Health Insurance segments in the UK / Ireland.
- Demonstrated success in selling consulting, transformation, or managed services to insurers.
- Exposure to platforms such as Guidewire, Duck Creek, Sapiens, Majesco, Salesforce FSC, Snowflake, and analytics suites preferable but not mandated.
- Strong understanding of insurance regulatory environment and operating models.
Why join Version 1? Share in our Success: Excellent base salary plus bonus & an opportunity to join our new V1 Equity success scheme. Inclusive Culture: We celebrate diversity and are committed to creating an inclusive environment for all employees. Professional Growth: We offer peer mentorship programs and career development opportunities to help you reach your full potential. Work-Life Balance: We understand the importance of work-life balance and offer flexible working arrangements. Supportive Community: Join a team that values collaboration, respect, and mutual support.
At Version 1, we believe in providing our employees with a comprehensive benefits package that prioritises their well-being, professional growth, and financial stability. We also offer a range of tech-related benefits, including an innovative Tech Scheme to help keep our team members up-to-date with the latest technology. We prioritise the health and safety of our employees, providing private medical and life insurance coverage, as well as free eye tests and contributions towards glasses. Our team members can also stay ahead of the curve with incentivised certifications and accreditations, including AWS, Microsoft, Oracle, and Red Hat. Our employee-designed Profit Share scheme divides a portion of our company's profits each quarter amongst employees. We are dedicated to helping our employees reach their full potential, offering Pathways Career Development Quarterly, a programme designed to support professional growth.
Business Development Director - Insurance employer: Version 1
Contact Detail:
Version 1 Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Development Director - Insurance
✨Tip Number 1
Network like a pro! Get out there and connect with industry folks on LinkedIn or at events. Building relationships can open doors that applications alone can't.
✨Tip Number 2
Research the company inside out. Know their values, recent projects, and challenges in the insurance sector. This will help you tailor your conversations and show you're genuinely interested.
✨Tip Number 3
Practice your pitch! Be ready to explain how your experience aligns with their needs. Highlight your successes in business development and how you can drive growth in the insurance market.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining our team at Version 1.
We think you need these skills to ace Business Development Director - Insurance
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the role of Business Development Director in Insurance. Highlight your experience in Life & Pensions and Property & Casualty, and don’t forget to showcase any relevant achievements that align with our values.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you’re passionate about the insurance sector and how your skills can help drive our growth. Be genuine and let your personality come through!
Showcase Your Industry Knowledge: We love candidates who know their stuff! Make sure to mention any insights you have on current trends in the insurance industry, especially around digital transformation and regulatory changes. It’ll show us you’re ready to hit the ground running.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about what we do at Version 1!
How to prepare for a job interview at Version 1
✨Know Your Insurance Stuff
Make sure you brush up on your knowledge of the insurance value chains, especially in Life & Pensions and Property & Casualty. Be ready to discuss how emerging digital capabilities can modernise core systems and enhance customer experience.
✨Tailor Your Value Proposition
Before the interview, think about how you can position solutions that address the specific needs of insurers and brokers. Prepare examples of how you've successfully led go-to-market strategies or crafted tailored proposals in the past.
✨Build Relationships
Demonstrate your ability to establish trusted relationships with key stakeholders like CIOs and Heads of Claims. Share stories from your previous roles where you’ve built strong partnerships and how that led to successful outcomes.
✨Stay Ahead of Industry Trends
Familiarise yourself with current industry trends and regulatory updates. Be prepared to discuss how these trends impact the insurance sector and how you can leverage them to identify new opportunities for growth.
