Hiscox UK is a leading brand in the insurance market, recognised as setting the standards others try to emulate. We consistently deliver strong growth and exceptional returns, recruiting only the very best and empowering them to deliver. We are known for insuring the homes of the rich and famous through to the most innovative technology companies. Our customers are diverse and unique and are only united by our ability to provide specialist insurance tailored to their needs.
The Role
Reporting to the Branch Manager, you will assist leading the profitable growth of the Colchester Branch’s Professions and Specialty Commercial business. Your focus will be within professional indemnity or property & casualty, therefore it is important you consider one of these your specialist areas of knowledge.
What you’ll be doing
1. Being recognised as an experienced underwriter within your region by your brokers
2. Underwriting larger, more complex commercial cases consistently and profitably
3. Leading the setting and execution of the local underwriting strategy for your specialist area in conjunction with the Area Manager and Regional Underwriting Manager
4. Influencing the UK Product Heads on underwriting appetite and strategy
5. Leading underwriting in your specialist area by taking referrals of more complex risks (possibly from outside the region)
6. Leading underwriting and sales visits to larger clients and prospects
7. Ensuring that the target retention rate for the region is achieved, handling some cases yourself
8. Developing close, effective relationships with brokers to develop new opportunities to significantly contribute to the team new business targets
9. Increasing submission & conversion numbers through large client prospecting
10. Building product specific knowledge and sales skills amongst underwriters
11. Knowledge of the specific line of business and appetite
12. Understanding of the underwriting lifecycle including policy wordings, pricing & claims
13. Understanding of pricing a risk and the factors that can affect pricing
14. Good knowledge of the insurance market, industry, competitors, brokers and factors that can affect the market including soft/hard markets
Our must-haves:
1. Strong communication, relationship management and interpersonal skills
2. Demonstrates a hunger for winning business
3. Able to make intelligent and innovative business decisions
4. An appreciation and understanding of legal and regulatory guidelines
5. Ideally ACII qualified or exempt through relevant experience as defined by the FCA
Diversity and Hybrid working
At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success. We have also learned over the past few years that working life doesn’t always have to be in the office, and now it is safe to do so we have introduced hybrid working to encourage a healthy work life balance.
We anticipate the successful candidate for this role will be in the office up to 2-3 days per week in meeting brokers and in Birmingham. This hybrid working model is set by the team rather than the business to enable you to manage your own personal work-life balance. We see it as the best of both worlds; structure and sociability on one hand, and independence and flexibility on the other.
If you want to help build a brilliant future; work with amazing people; be part of a unique company culture; and, of course, enjoy great employee benefits that take care of your mental and physical wellbeing, come and join us.
Get in touch
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About us
We’re a global, specialist insurer headquartered in Bermuda and listed on the London Stock Exchange. With 3,000 employees and 32 offices in 12 countries we’re a business with lots of opportunity for people with talent, spark and lots of ambition. If you want to build a great career with a company that prioritises strong values – such as integrity and courage – where our people always pull together to do the right thing for each other and our customers, then we’d love to hear from you.
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