Development Underwriter- Med Mal

Hiscox; York; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

Join Hiscox's Med Mal underwriting team based in York or Colchester, focusing on driving profitable growth in the Allied Healthcare sector. This role involves renewing existing accounts and developing new business opportunities, requiring strong underwriting experience and interpersonal skills. Enjoy a hybrid working model and a culture of innovation and inclusion in a fast-growing company.

Benefits

Hybrid working model

Opportunities for career development

Inclusive culture and diversity commitment

Qualifications

• 3+ years of Medical Malpractice underwriting experience.
• Strong drive, self-motivation, and determination.
• Outstanding interpersonal skills with a proven customer focus.

Responsibilities

• Underwrite profitably and develop effective relationships with brokers.
• Identify non-performing accounts and take corrective actions.
• Travel to regional offices for meetings with broker partners.

Skills

Communication

Negotiation

Relationship Management

Teamwork

Influencing

Education

ACII qualification or progression towards it

Degree qualified (preferably) with A levels C or above

Job description

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The Med Mal underwriting team is based across our York, London and Colchester offices. The team are responsible for driving the profitable growth across Hiscox UK, in the Allied Healthcare sector.

The team are aligned to our regional development underwriting teams to ensure a seamless service to our brokers, leveraging relationships to support the profitable growth of new and existing business including cross-sell and up-sell.

The Role:

Working in the specialist Med Mal underwriting team, you will be responsible for renewing and servicing the existing account. You will need to actively find, develop and grow new business opportunities for allied healthcare within the UK. The role is ideally based in Colchester or York and you will be expected to travel to regional offices will be required.

Key responsibilities

• To underwrite consistently and profitably
• To develop close, effective relationships with brokers
• To effectively negotiate with both internal and external parties including identified points of contact with a brokerage
• To maintain and develop internal and external customer relations
• To visit broker partners and write their business
• To identify and challenge non-standard underwriting decisions within the Technical Underwriting Guide (TUG), with a reasoned referral to an underwriting manager
• To identify non performing broker accounts in terms of overall profitability, retention and new business ratios and take remedial steps to improve this business

Key requirements

• A minimum of three years relevant Medical Malpractice development underwriting experience
• ACII qualification or progression towards this
• Demonstrable drive, self motivation and determination to achieve results
• Outstanding communication and interpersonal skills combined with a proven track record of relationship management and customer focus
• Able to apply consideration to potential outcomes and to make decisions with supervision in difficult and complex situations. Able to make logical decisions by using key facts available
• Strong influencing and negotiation skills
• Team player
• Outgoing and confident
• Consistently demonstrates behaviours conducive to achieving both personal and team objectives, in line with the core values of Hiscox
• Preferably degree qualified with a minimum of 2 A levels at grade C or above, although this is not a pre-requisite for an experienced underwriter

Why Hiscox?

This is a fantastic opportunity to join Hiscox during a time of focused growth where you will have the remit to make a real difference.

Hiscox offers an environment where you are encouraged to grow with the team and this is an exciting time to be joining this fast growing organisation. There will be plenty of opportunity for on the job career development within a supportive environment.

Hiscox UK:

Hiscox UK is a leading brand in the insurance market, recognised as setting the standards which 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.

Diversity and flexible working at Hiscox

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 3 days per week in either our Colchester or York office

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.

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Work with amazing people and be part of a unique culture