Technology Underwriter

Markel Corporation; Greater London; On-site; GBP 60,000 - 90,000; Full time

Benefits offered by this job

Private medical and dental cover

Pension scheme up to 16%

Emergency care benefit

Life assurance

Electric car scheme

Travel insurance

25 days holiday + Bank Holidays

Job summary

Markel Corporation in London seeks a Technology Underwriter to focus on Technology and Cyber products within the PFR & Cyber division. You will develop broker relationships, refine products, and proactively enhance the customer offering for Tech clients across international markets and UK-domiciled risks.

You’ll collaborate with expert underwriters to manage a diversified portfolio and contribute to product development, pricing and market positioning.

Qualifications

• Have experience underwriting or broking within Technology and cyber lines.
• Have strong technical knowledge within Technology and Cyber lines.
• Have excellent relationships within the Technology market across a range of brokers.
• Previous Property and Casualty Underwriting experience would be beneficial.
• Multinational placement experience would be beneficial.
• Demonstrate a collegiate mentality and be able to work within a team of Underwriters.
• Demonstrate a proactive and entrepreneurial approach.
• Be computer literate and have the ability to develop a full understanding and capability of in-house and MS systems.

Responsibilities

• Help in raising the profile of Markel and the team in Tech.
• Demonstrate a strategic and structured approach to broker development, communicate the Markel story to brokers and customers in a compelling and credible way that supports the brand.
• Help to develop and maintain strong working relationships within Markel.
• Contribute innovation within the product suite providing expert input into the creation of new products and proactive input into the refinement of existing products or the services relating to the product.
• Seek to regularly analyse competitors’ products, capabilities and appetite and share within the team.
• Proactively develop, own and enhance our customer offering within Tech, actively engaging with customers to identify their needs and provide solutions to problems, as well as seeking new ways to enhance the customer experience.
• Take the lead in developing and managing key, Tech specific broker relationships.
• Actively lead and manage pipelines for the team.
• Influence brokers and advance Markel’s interests through strong interpersonal and presentation skills.
• Identify new distribution and Delegated/Coverholder opportunities and where appropriate implement them.
• Manage your own renewal book of business in line with appetite and strategy, including combined ratio targets.
• Keep abreast of Tech package related product development and knowledge, and use this to lead on product development within the team.
• Actively market and promote Markel and our Tech offering in the insurance market.
• Review and underwriting of new and renewal risks using technical rating model.

Skills

Tech & cyber underwriting

Tech & cyber knowledge

Broker relationships

P&C underwriting experience

Multinational placement

Team collaboration

Proactive entrepreneurial

MS systems familiarity

Tools

MS systems

Job description

The Technology Underwriter will be focused on the Technology and Cyber products within the PFR & Cyber division. The Technology team manages a diverse portfolio spanning large multi-nationals, mid-market firms, and SMEs across international and US-domiciled risks. We have a number of products catering for Technology clients including combined offerings (PI, Cyber, Property, EL & GL) and offer Multinational capabilities through our syndicate and company capacity. We offer a flexible and growth focused platform, for ambitious individuals looking to build their profile and career.

We’re all about people | We win together | We strive for better | We enjoy the everyday | We think further

Who we are: Business Unit overview: Professional & Financial Risks (PFR) focus on international and UK-domiciled business and can deploy capacity of £10m/ €15m/ $20m on any one risk. The team is made up of three business lines, Cyber & Technology, Management Liability and Financial Institutions. We provide an excellent service via our expert underwriters who have a flexible and innovative approach to underwriting that ensures that we can provide the product required for our customers.

Part of 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.

What you’ll be doing:

• Help in raising the profile of Markel and the team in Tech.
• Demonstrate a strategic and structured approach to broker development, communicate the Markel story to brokers and customers in a compelling and credible way that supports the brand.
• Help to develop and maintain strong working relationships within Markel.
• Contribute innovation within the product suite providing expert input into the creation of new products and proactive input into the refinement of existing products or the services relating to the product.
• Seek to regularly analyse competitors’ products, capabilities and appetite and share within the team.
• Proactively develop, own and enhance our customer offering within Tech, actively engaging with customers to identify their needs and provide solutions to problems, as well as seeking new ways to enhance the customer experience.
• Take the lead in developing and managing key, Tech specific broker relationships.
• Actively lead and manage pipelines for the team.
• Influence brokers and advance Markel’s interests through strong interpersonal and presentation skills.
• Identify new distribution and Delegated/Coverholder opportunities and where appropriate implement them.
• Manage your own renewal book of business in line with appetite and strategy, including combined ratio targets.
• Keep abreast of Tech package related product development and knowledge, and use this to lead on product development within the team.
• Actively market and promote Markel and our Tech offering in the insurance market.
• Review and underwriting of new and renewal risks using technical rating model.

Key Skills:

• Have experience underwriting or broking within Technology and cyber lines.
• Have strong technical knowledge within Technology and Cyber lines.
• Have excellent relationships within the Technology market across a range of brokers
• Previous Property and Casualty Underwriting experience would be beneficial
• Multinational placement experience would be beneficial
• Demonstrate a collegiate mentality and be able to work within a team of Underwriters
• Demonstrate a proactive and entrepreneurial approach
• Be computer literate and have the ability to develop a full understanding and capability of in-house and MS systems

What’s in it for you?

• A great starting salary plus annual bonus & strong benefits package…
• Up to 16% company pension scheme
• Private medical and dental cover
• Menopause plan
• emergency care benefit (children/Pets/dependants) Income protection
• Life assurance
• electric car scheme
• travel insurance
• 25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave
• As well as other great benefits on offer there are countless opportunities to learn new skills and develop in your career!

Are you ready to play your part? 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, reach their full potential and seize opportunities.

You’ll find your fit amongst our diverse global community of optimists and problem-solvers.

We’re always pushing each other to think further because we believe that when we strive for better and realise our potential, we can help others reach theirs.

Join us and play your part in something special!