Professional Indemnity Specialist Role Overview
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The position of Professional Indemnity Specialist requires an individual with extensive knowledge and understanding of the Professional Indemnity, Cyber & Management Liability market products. As a key member of the team, you will be responsible for managing client/prospect relationships and growing your portfolio/existing accounts, providing tailored insurance advice and risk management solutions.
Main Responsibilities:
* Manage client/prospect relationships and grow your portfolio/existing accounts.
* Negotiate with insurers to obtain best-in-class coverage & terms for clients.
* Handle own workload to successfully service the client relationship and ensure placements are completed within proper timeframes.
* Ensure client information is kept up-to-date.
* Build strong working relationships, collaborating with other teams, always treating others in a fair and respectful way.
* Manage renewals lists within required timelines, adhering to agreed policies and procedures.
* Obtain renewal information from clients for review and re-broking.
* Prepare submissions to markets as required.
* Prepare and issue client renewal terms, and all supporting policy documents, debiting premium.
* Validate insurer's policy documentation for accuracy and timely issue of all policy documentation in hard and soft copy formats.
* Ensure full disclosure of issues as they arise in line with compliance and legislative requirements, adhering to relevant codes, etc.
* Take personal responsibility for delivering the highest level of client service to maximise client retention.
* Provide advice to customers on implications of policy wordings, e.g., policy conditions and exclusions.
About You:
* Prior experience in an Account Handler/Advisor role in a brokerage/insurance environment.
* This is an MCC role, and the minimum mandatory requirement is Certified Insurance Practitioner (CIP), working towards your MDI qualification.
* Robust knowledge of client market and insurance industry network.
Benefits:
* This role offers an exciting opportunity to develop your skills and expertise in the field of Professional Indemnity and risk management.
* You will have the chance to work with a diverse range of clients and stakeholders, developing strong relationships and providing tailored solutions to meet their needs.
* As part of our team, you will have access to ongoing training and development opportunities, enabling you to achieve your career goals.
Requirements:
* Extensive knowledge and understanding of Professional Indemnity, Cyber & Management Liability market products.
* Prior experience in an Account Handler/Advisor role in a brokerage/insurance environment.
* Certified Insurance Practitioner (CIP) qualification, with a commitment to achieving MDI status.
* Strong working relationships with colleagues and external partners.
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