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Cyber Broker

Company: Aon
Location: Chicago
Posted on: May 6, 2021

Job Description:

Aon is looking for a Cyber BrokerJob responsibilities are:

  • Develop an understanding of Cyber / E&O insurancemarketplace and our team's products and services
  • Own all aspects of client service for your assigned book of business and new business opportunities with oversight from your team leader if needed:
    • Save all quotes, binders, policies and other client related material to the share drive with the proper naming conventions provided
    • Compile Renewal Strategy document inclusive of prior year's renewal highlights, program overview, benchmarking and analytics, current market update, timeline and ensure it is tailored to the specifics of that client's industry and exposure
    • Effectively articulate the value proposition of PRS Preferred platform and PRS Panel
    • Gather submission material through the appropriate account management team and subsequently follow the PRS Preferred and PRS Panel submission guidelines/process
    • Solicit feedback from the marketplace and be able to differentiate Panel market dynamics (coverage, appetite, pre-breach offerings, claims, etc.)
    • Be proficient in all PRS Panel coverage amendatory policy forms and endorsements
    • Effectively manage the entire renewal process with the AE and client
    • Effectively secure quotes, binders and policies and seek corrections from underwriters
    • Ensure the Quote Disclosure Report (QDR) is accurate - all quotes, indications, and declinations should be included
    • Compile Renewal Proposal document inclusive of the QDR and include renewal highlights, expiring program, proposed program, program changes, and any coverage enhancements
    • Submit bind order to market and secure all binders; ensure all binders are finalized and accurate, with no subjectivities and no binder expiration period, where possible
    • Submit ACT Worksheet for invoicing upon receipt of all binders
    • Secure and review all policies within 60 days of binding;
    • Provide broking status and continuous support and service to clients during entirebroking process and entire period of engagement by client (this is a continuousprocess)
    • Demonstrate an understanding of our M&A diligence process and provide diligence reports and benchmarking within the requested time frame to Aon's M&A deal teams when assigned a project
    • Work in an Aon United fashion to cross-sell Cyber Solutions products and services
    • Utilize the claims and legal advocacy group for claim administration and counsel as per established protocols
    • Utilize effective relationships with underwriters
    • Proactively develop and execute on a pipeline strategy for Panel business
    • Drive utilization of all available technology throughout broking process and clientservice process
    • Replicate effective products/solutions and develop broking opportunities
    • Understand the causes of E&O and avoid and adopt practices to reduce exposureRequired Experience:
      • Proficiency in Microsoft Office Suite such as Word, Excel, PowerPoint
      • Strong organizational and communication skills
      • Ability to build relationships
      • Active P&C License or willingness to obtain one upon hireEducation:
        • Bachelor's degreeWe offer youAcompetitivetotal rewards package, continuing education & training, and tremendous potential with agrowingworldwide organization.Our Colleague Experience:From helping clients gain access to capital after natural disasters, to creating access to health care and retirement for millions, Aon colleagues empower results for our clients, communities, and each other every day. They make a difference, work with the best, own their potential, and value one another. This is the Aon Colleague Experience, defining what it means to work at Aon and realizing our vision of empowering human and economic possibility. To learn more visit Aon Colleague Experience.About Aon:Aon plc (NYSE:AON)is a leading global professional services firm providing a broad range of risk, retirement and health solutions.Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.Aon provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, or domestic partner status. Aon is committed to a diverse workforce and is an affirmative action employer.DISCLAIMER: Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time. 2488280

Keywords: Aon, Chicago , Cyber Broker, Sales , Chicago, Illinois

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