This market-leading Data Analytics firm specialises in using artificial intelligence to deliver the insurance industry with an unrivalled insight into risk. This information provides Underwriting Teams with the competitive edge when quantifying, selecting and pricing risks, and ultimately delivers enhanced loss ratios. Its board comprises some of the most respected, experienced and enterprising insurance professionals in the country.
The company’s Risk Engine allows insurers to write established lines more profitably. It also allows them to explore new lines (where no claims history exists), with more perspective regarding profitability, and the confidence to price accurately on those lines that do match its underwriting appetite.
This fascinating business straddles both the worlds of Silicon Valley startups and old school City of London institutions. It is backed by the Venture Capital arm of one of the foremost names in world Education that sits at the heart of one of Europe’s largest ‘high technology clusters’. Over many decades, it has helped forge numerous businesses and initiatives that continue to positively influence the world across many disciplines.
However, for all its backer’s impressive history, the focus here is very much on innovation. It offers an entrepreneurial, collaborative environment and prides itself on providing unique, hitherto unthought of solutions to the insurance industry.
You will take ownership of the sales process from cradle to grave; dealing with insurance companies at Chief Exec’ level, working on deals that will likely result in multimillion pound income individually. You will be tasked with signing prospects to a global licencing agreement for the Risk Engine (utilising both our client’s in-house data, and if desired, the insurer’s own information) and ancillary suite of projects.
Already trading with some of the biggest names in the insurance industry, your job will to be formalise relationships with an existing pipeline of established, cleansed and ‘warm’ prospects. You will then be tasked to seek further companies (insurers, MGA’s, etc) to partner with.
It is essential that you have a detailed understanding of the insurance industry, underwriting processes, and the information insurance professionals must consider to rate risks profitably. You must also be exceptionally well-connected in the insurance industry, and confident in your ability to get ‘air time’ with the board of insurers, both domestic and international. You should have a strong degree of market awareness and knowledge of new carriers entering the industry that may not yet be in our client’s pipeline.
Pitching to insurance organisations at the highest level, you must be highly polished, with excellent communication skills. You will also have the gravitas and confidence to articulate your enthusiasm for this new, unique product and ultimately, how it can positively impact the loss ratios.
In return, you will receive a highly competitive basic salary (anticipated to be circa £60K - £100K, but completely negotiable) and a very generous bonus that will realistically double your basic salary for hitting target, with scope for further earnings for high achievers. There is a comprehensive range of company benefits, and excellent opportunities for progression as this highly successful company continues to grow.
For more information, or to register an interest in confidence, please contact Richard Jones at Aston Charles. We will be happy to share our agency fee with any well-connected insurance professionals whose confidential referrals lead to a successful placement.
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