Insurance Business Development Executive

Lawes Consulting Group; Worcester; On-site; GBP 45,000 - 75,000; Full time

Job summary

Lawes Consulting Group is seeking a Business Development Executive specializing in PI and Financial Lines. Worcester-based role focusing on expanding distribution, affinity partnerships and new routes to market.

You will identify opportunities, manage partnerships, and work with underwriting and leadership to craft compelling propositions and drive growth in this specialist insurance segment.

Qualifications

• Experience in Professional Indemnity and/or Financial Lines insurance.
• Background in broking or wholesale broking is desirable.
• Proven track record in business development and partnerships.

Responsibilities

• Drive new business growth across PI and Financial Lines.
• Identify and secure affinity and strategic partnerships.
• Build relationships with brokers, wholesalers and other partners.

Skills

PI/Financial Lines knowledge

Broking/Wholesale broking

Business development

Partnership generation

Affinity schemes

Networking

Relationship building

Negotiation

Entrepreneurial mindset

Industry networking

Job description

Business Development Executive – PI & Financial Lines

Location: Worcester

Salary: Competitive basic salary + bonus/commission + benefits

The Opportunity

We are looking for an ambitious and commercially driven Business Development Executive to join a growing insurance business with a specialist focus on Professional Indemnity and Financial Lines.

This is an exciting opportunity for someone with strong market knowledge and a proven ability to build relationships, identify opportunities and generate new business partnerships. The successful individual will play a key role in expanding the company's distribution network, developing Affinity partnerships and creating new routes to market.

Key Responsibilities

• Drive new business growth across the PI and Financial Lines market.
• Identify, approach and secure new Affinity and strategic partnerships.
• Build strong relationships with insurance brokers, wholesalers, introducers and other key distribution partners.
• Develop new routes to market and identify opportunities for profitable growth.
• Generate and manage a strong pipeline of prospective partnerships and business opportunities.
• Work closely with internal underwriting, broking and leadership teams to develop compelling propositions for prospective partners.
• Attend industry events, networking opportunities and client meetings to build market presence.
• Develop a strong understanding of market trends, competitor activity and emerging opportunities within PI and Financial Lines.
• Take ownership of the full business development cycle, from initial approach through to negotiating and launching new partnerships.
• Deliver against agreed growth, revenue and partnership targets.

About You

We are keen to speak with individuals who have:

• Strong experience within the Professional Indemnity and/or Financial Lines insurance market.
• A background in broking or wholesale broking is highly desirable.
• Proven experience in business development, partnership generation or new business growth.
• Experience developing Affinity schemes, partnerships or alternative distribution channels would be a significant advantage.
• An established network of contacts within the insurance market.
• Excellent relationship-building, communication and negotiation skills.
• A proactive and entrepreneurial approach, with the ability to identify opportunities and turn them into commercial results.
• A genuine appetite for growing a specialist insurance proposition.

What's on Offer

This is a fantastic opportunity to take ownership of a high-growth business development role within a specialist area of the insurance market. You will have the opportunity to shape new partnerships, develop routes to market and make a genuine impact on the future growth of the business.

Interested?

If you have a strong PI/Financial Lines background, commercial drive and a passion for building partnerships, get in touch with me to find out more.