Insurance Insights

I'm Saraya Cussons, Associate Director at 360 Search, and I'm delighted to welcome you to my weekly Insurance Recruitment newsletter. Each week, I'll be your guide through the ever-evolving landscape of the insurance sector.

Here, you'll discover the latest industry articles, get an inside look at our top job opportunities, meet outstanding candidates, and explore exciting initiatives brought to you by 360 Search.

What's going on in the UK Insurance Sector?

The insurance industry is currently at a critical juncture, facing increasingly complex challenges and rapid changes. As highlighted in the Insurance Innovators Summit report , the industry's key players, including executives from AXA, ERGO, and other major firms, emphasise the urgent need for transformation. This necessity to evolve is not just a matter of staying competitive but a fundamental requirement for survival and relevance in the future landscape of insurance.

From a recruiter's perspective, this transformative phase presents both challenges and opportunities. The shift towards digitalisation, the integration of new technologies in underwriting and claims processing, and the emphasis on customer-centric strategies demand a new breed of insurance professionals. These professionals need not only technical expertise but also adaptability, innovative thinking, and a deep understanding of digital and customer-first approaches.

Recruiters in the insurance sector must therefore pivot their strategies to match these evolving industry needs. This involves identifying candidates who are not just technically proficient but also capable of driving change and innovation. It's about looking beyond traditional credentials to find those who demonstrate a forward-thinking mindset and the ability to navigate a landscape that's in constant flux.

Moreover, as the insurance industry embraces a more digital and customer-focused approach, there is an increasing need for talent from diverse backgrounds, including those with expertise in data analytics, AI, and customer experience management. Recruiters must broaden their talent search to include professionals from various sectors who can bring fresh perspectives and innovation to the insurance industry.

In conclusion, as the insurance industry undergoes this critical phase of transformation, the role of recruiters becomes increasingly pivotal. It's about finding the right talent that can not only adapt to these changes but also lead the industry into its next phase of evolution.

Top Job of the Week

Development Underwriter P&C, North of England - Competitive Salary based on experience and track record

360 Search is excited to partner with a leading MGA in their expansion into the North of England. Known for their innovative underwriting solutions in challenging areas such as Employers & Public Liability, Contractors All Risk, and Property Owners, including unoccupied premises, this company is poised for further growth in 2024.

Role Overview:

• ?? Expansion Drive: The firm aims to replicate their southern success in the north, offering established products, capacity providers, and in-house systems.
• ?? Focus Area: Develop a construction book focusing on manual workers (SME) with a target of ￡1.5M- ￡2M in premium in the first year.
• ?? Broker Relationships: Leverage established broker access across the north to build and grow the business book.
• ?? Technical Expertise: The firm values deep underwriting knowledge and encourages regular client interaction, combined with technology-driven solutions.
• ?? Flexible Location: Open to candidates residing anywhere from Newcastle to Liverpool, offering home-working or shared office space options.

Ideal Candidate:

• ?? Industry Experience: Proven expertise in the UK Property & Casualty Underwriting markets.
• ?? Team Dynamics: Opportunities for both individual and team moves, with roles for a Development Underwriter and an Assistant Underwriter.
• ?? Business Growth: Ability to generate significant business and achieve year-on-year growth.

What's On Offer:

• ?? Tailored Compensation: Salary and package crafted to reflect your proven ability to deliver business results.
• ?? Career Impact: A unique opportunity to make your mark and establish a strong industry reputation.
• ?? London Connection: Travel to the London office as required, fostering a connection with the company's core team.

?? Contact me directly for more information or to apply

Top Candidate of the week

Head of Motor Claims, Sussex - ￡100K+

This week, I'm introducing an outstanding candidate for the position of Head of Motor Claims, based in Sussex. They are a strategic operational leader, known for their strong leadership, management, and coaching abilities.

Experience & Skills:

• ?? Leadership & Management: Proven track record in enhancing team capability and productivity. Exceptional at motivating and engaging teams in environments of constant change and transformation.
• ?? Strategic Implementation: Skilled in implementing strategic changes and leading high-profile projects from design to implementation.
• ?? Customer Focus: Passionate about ensuring straightforward customer journeys and fair outcomes.
• ?? Transformational Approach: Possesses a transformational mindset, adept at leading and executing major projects.
• ?? Performance Driving: Expertise in challenging and driving performance across business functions with exemplary organisational skills and staff engagement.
• ?? Technical Knowledge: Deep understanding of claims management and identifying commercial opportunities for continuous improvement.

Ideal Role:

This candidate is an ideal fit for an organisation seeking a dynamic and experienced leader in Motor Claims. Their ability to lead and innovate in high-pressure environments makes them a valuable asset for any team looking to excel in claims management and customer service.

?? Contact me directly to discuss how this top-tier candidate can be a game-changer for your organisation.

360 Search Salary Survey!

In 2023, the insurance sector experienced significant evolution, marked by industry consolidation and an emphasis on flexibility. This era of change highlighted the sector's adaptability and resilience, with strategic efforts to fortify market positions.

During this transformative phase, recruitment and hiring strategies played an essential role. 360 Search has been instrumental in assisting businesses to adapt quickly and capitalise on emerging opportunities. Recognising the necessity of staying informed, we have prepared the 2024 Salary Survey, compiled from extensive data including client budgets and closed candidate offers from 2023, offers invaluable insights into salary trends across the sector. It provides a detailed view of national salary differentials, considering factors like Dublin's property rates.

Download your copy of our Salary Survey here

Whether you're a candidate seeking their next career move or a company in search of the best talent in the insurance industry, I'm here to connect and assist you. Please reach out via LinkedIn or email me direct: [email protected]