Business Development Manager Salary at Hiscox Insurance Company Ltd BETA

How much does a Hiscox Insurance Company Ltd Business Development Manager make?

As of April 2025, the average annual salary for a Business Development Manager at Hiscox Insurance Company Ltd is $152,910, which translates to approximately $74 per hour. Salaries for Business Development Manager at Hiscox Insurance Company Ltd typically range from $133,932 to $172,378, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Hiscox Insurance Company Ltd Overview

Website:
hiscox.com
Size:
1,000 - 3,000 Employees
Revenue:
$3B - $5B
Industry:
Insurance

Hiscox Re & ILS is the reinsurance and insurance-linked strategy (ILS) business unit within Hiscox Group. The company is a very unique business unit, as we are two independent entities working closely together. Hiscox Re is our reinsurance business, where our expert underwriters work alongside brokers and clients to meet their unique business needs. Hiscox ILS is our alternative investment advisor, which manages capital for third-parties through insurance-linked strategies. The company is headquartered in Pembroke, Bermuda.

See similar companies related to Hiscox Insurance Company Ltd

What Skills Does a person Need at Hiscox Insurance Company Ltd?

At Hiscox Insurance Company Ltd, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Business Development: Business development entails tasks and processes to develop and implement growth opportunities within and between organizations. It is a subset of the fields of business, commerce and organizational theory. Business development is the creation of long-term value for an organization from customers, markets, and relationships. Business development can be taken to mean any activity by either a small or large organization, non-profit or for-profit enterprise which serves the purpose of ‘developing’ the business in some way. In addition, business development activities can be done internally or externally by a business development consultant. External business development can be facilitated through Planning Systems, which are put in place by governments to help small businesses. In addition, reputation building has also proven to help facilitate business development.
  2. Presentation: Presentation conveys information from a speaker to an audience. Presentations are typically demonstrations, introduction, lecture, or speech meant to inform, persuade, inspire, motivate, build goodwill, or present a new idea/product.
  3. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  4. Planning: An act or process of making or carrying out plans. Establishment of goals, policies, and procedures for a social or economic unit city planning business planning.
  5. Initiative: Taking decisive action and initiating plans independently to address problems, improve professional life, and achieve goals.

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Check more jobs information at Hiscox Insurance Company Ltd

Job Title Average Hiscox Insurance Company Ltd Salary Hourly Rate
2 Accounts Receivable Analyst $67,347 $32
3 Actuarial Analyst $88,319 $42
4 Application Support Analyst $85,545 $41
5 Assistant $61,343 $29
6 Assistant Financial Controller $186,455 $90
7 Barrister $155,848 $75
8 Broker $103,203 $50
9 Business Analyst $115,726 $56
10 Business Performance Analyst $70,337 $34
11 Catastrophe Modeling Analyst $122,608 $59
12 Chief Financial Officer $492,184 $237
13 Claim Examiner $59,673 $29

Hourly Pay at Hiscox Insurance Company Ltd

The average hourly pay at Hiscox Insurance Company Ltd for a Business Development Manager is $74 per hour. The location, department, and job description all have an impact on the typical compensation for Hiscox Insurance Company Ltd positions. The pay range and total remuneration for the job title are shown in the table below. Hiscox Insurance Company Ltd may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $152,910 look to you?

FAQ about Salary and Jobs at Hiscox Insurance Company Ltd

1. How much does Hiscox Insurance Company Ltd pay per hour?
The average hourly pay is $74. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Hiscox Insurance Company Ltd?
According to the data, the highest approximate salary is about $172,378 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Hiscox Insurance Company Ltd?
According to the data, the lowest estimated salary is about $133,932 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.