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Business Development, Insurance Channel

Company Description

Our Mission

At Palo Alto Networks® everything starts and ends with our mission:

Being the cybersecurity partner of choice, protecting our digital way of life.

Our vision is a world where each day is safer and more secure than the one before. We are a company built on the foundation of challenging and disrupting the way things are done, and we’re looking for innovators who are as committed to shaping the future of cybersecurity as we are.

Our Approach to Work

We lead with flexibility and choice in all of our people programs. We have disrupted the traditional view that all employees have the same needs and wants. We offer personalization and offer our employees the opportunity to choose what works best for them as often as possible - from your wellbeing support to your growth and development, and beyond!

At Palo Alto Networks, we believe in the power of collaboration and value in-person interactions. This is why our employees generally work from the office three days per week, leaving two days for choice and flexibility to work where you feel most effective. This setup fosters casual conversations, problem-solving, and trusted relationships. While details may evolve, our goal is to create an environment where innovation thrives, with office-based teams coming together three days a week to collaborate and thrive, together!

Job Description

Your Career

The Unit 42 Senior Business Development, Insurance Channel is responsible for growing demand for Unit 42 services from top global insurance carriers. This person will have a strong understanding of the incident response services market landscape, value proposition for clients, go-to-market, as well as how these services are sourced through engagement with insurance partners. Candidates should have a track record of building and nurturing relationships with key decision makers at insurance carriers.

Your Impact

  • Increase number of engagements referred to Unit 42 from insurance carriers and expand presence
  • Establish new and deepen existing relationships with key stakeholders at insurance carriers
  • Develop and curate thought leadership relevant to this market to further establish Unit 42 as a market leader
  • Perform Quarterly Business Reviews and/or cyber threat landscape briefings with partner carriers 
  • Partner with Unit 42 Consulting and Palo Alto Networks go-to-market teams to develop and leverage resources to engage and activate new and existing partners 
  • Develop tailored value propositions and per-partner agreements to support increased activation and demand

Qualifications

Your Experience

  • Substantial professional experience in cybersecurity advisory and consultative sales 
  • Experience working with insurance carriers, law firms, and in-house counsel supporting incident response, risk management and digital forensic services engagements.
  • Understanding and experience working with insurance claims management and panel placements
  • Established industry relationships with key decision-makers across all levels of partner and prospect insurance carriers
  • Experience in working collaboratively to represent a portfolio of services to stakeholders within an insurance firm and their clients
  • Understanding of cybersecurity regulations and the important role lawyers and insurance carriers play in incident response
  • Highly effective relationship/partner development skills
  • Demonstrated success in developing and implementing go-to-market strategies, processes, and performance metrics
  • Proven analytical skills to assess the effectiveness of go-to-market programs and strategies, and the ability to pivot, or double-down to drive greater levels of success
  • Ability to travel up to 30%

Additional Information

The Team

Unit 42 Consulting is Palo Alto Network's security advisory team.  Our vision is to create a more secure digital world by providing the highest quality incident response, and risk management to clients of all sizes. Our team is composed of recognized experts and incident responders with deep technical expertise and experience in investigations, data breach response, digital forensics, and information security. With a highly successful track record of delivering mission-critical cybersecurity solutions, we are experienced in working quickly to provide an effective incident response, attack readiness, and remediation plans with a focus on providing long-term support to improve our clients’ security posture. 

Compensation Disclosure

The compensation offered for this position will depend on qualifications, experience, and work location. For candidates who receive an offer at the posted level, the starting base salary (for non-sales roles) or base salary + commission target (for sales/commissioned roles) is expected to be between $158000/yr - $255000/yr. The offered compensation may also include restricted stock units and a bonus. A description of our employee benefits may be found here

Our Commitment

We’re problem solvers that take risks and challenge cybersecurity’s status quo. It’s simple: we can’t accomplish our mission without diverse teams innovating, together.

We are committed to providing reasonable accommodations for all qualified individuals with a disability. If you require assistance or accommodation due to a disability or special need, please contact us at  [email protected].

Palo Alto Networks is an equal opportunity employer. We celebrate diversity in our workplace, and all qualified applicants will receive consideration for employment without regard to age, ancestry, color, family or medical care leave, gender identity or expression, genetic information, marital status, medical condition, national origin, physical or mental disability, political affiliation, protected veteran status, race, religion, sex (including pregnancy), sexual orientation, or other legally protected characteristics.

All your information will be kept confidential according to EEO guidelines.

Average salary estimate

$206500 / YEARLY (est.)
min
max
$158000K
$255000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Business Development, Insurance Channel, Palo Alto Networks

At Palo Alto Networks, we thrive on innovation and collaboration, making the Senior Business Development, Insurance Channel role a pivotal position in our mission to protect the digital landscape. Located in the vibrant city of Santa Clara, CA, this position will immerse you in the rapidly evolving cybersecurity industry. As a Senior Business Development professional, you'll focus on cultivating demand for our esteemed Unit 42 services from prominent global insurance carriers. This entails building and nurturing vital relationships with key decision-makers within the insurance sector and understanding the nuances of incident response services. Your expertise in consultative sales within cybersecurity will be fundamental as you work closely with both internal teams and external partners. You will also delve deep into the cyber threat landscape, performing impactful Quarterly Business Reviews and contributing to thought leadership that establishes Unit 42 as a leader in this space. By developing tailored value propositions, you will not only enhance engagement but also significantly expand our presence. If you are a strategic thinker with a proven track record of success in building partnerships and driving demand, this is an exciting opportunity to shape the future of our cybersecurity offerings while being part of a team that's dedicated to making the world a safer place.

Frequently Asked Questions (FAQs) for Business Development, Insurance Channel Role at Palo Alto Networks
What are the responsibilities of a Senior Business Development, Insurance Channel at Palo Alto Networks?

As a Senior Business Development professional focused on the Insurance Channel at Palo Alto Networks, you will be responsible for expanding demand for Unit 42 services by nurturing and growing relationships with key stakeholders at global insurance carriers. Your role will involve increasing engagements, developing tailored value propositions, and performing quarterly business reviews to enhance our market presence.

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What qualifications are required for the Senior Business Development, Insurance Channel position at Palo Alto Networks?

Candidates for the Senior Business Development, Insurance Channel position at Palo Alto Networks should possess substantial experience in cybersecurity advisory and consultative sales, specifically within the insurance sector. Experience working with insurance carriers, along with understanding incident response, risk management, and digital forensic services, is critical. Established relationships with decision-makers in insurance firms will bolster your application.

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How does the Senior Business Development role at Palo Alto Networks foster relationship building?

The Senior Business Development, Insurance Channel role at Palo Alto Networks emphasizes relationship building by requiring you to engage deeply with key stakeholders at insurance carriers. You'll establish new partnerships and nurture existing ones through direct engagement, ongoing communication, and collaborative initiatives, enhancing trust and driving mutual success.

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What should candidates expect in terms of travel for the Senior Business Development position at Palo Alto Networks?

Candidates applying for the Senior Business Development, Insurance Channel role at Palo Alto Networks should expect to travel up to 30% of the time. This travel will primarily be focused on building relationships with insurance carriers and attending relevant conferences and meetings that enhance our market presence and foster partnerships.

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What is the work environment like for the Senior Business Development, Insurance Channel at Palo Alto Networks?

The work environment for the Senior Business Development, Insurance Channel role at Palo Alto Networks promotes innovation and collaboration. Employees typically work three days in the office and have two flexible days to work where they feel most effective. This setup encourages dynamic interactions, creative problem-solving, and the development of trusted relationships among team members.

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Common Interview Questions for Business Development, Insurance Channel
Can you share your experience with consultative sales in cybersecurity?

In answering this question, highlight specific instances where you've successfully led sales initiatives in cybersecurity settings. Discuss your approach to identifying client needs, tailoring solutions, and ultimately closing deals. Be sure to relate your experience back to the specific needs of the Senior Business Development role at Palo Alto Networks.

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How do you build and maintain relationships with key stakeholders in the insurance industry?

To effectively answer this question, share your strategies for relationship management, such as regular communications, networking, and understanding stakeholder needs. Illustrate how your established relationships can contribute to your potential success as a Senior Business Development professional at Palo Alto Networks.

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What strategies would you implement to increase engagements from insurance carriers?

When addressing this question, outline a specific strategy tailored to Unit 42 services. Consider discussing the importance of data-driven insights, tailored value propositions, and the need for ongoing relationship management to foster increased engagement from insurance carriers.

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Can you describe a time when you had to pivot a strategy in a business development role?

In your response, provide a clear example where you encountered challenges, analyzing your approach and the thought process behind your decision to pivot. Discuss the outcomes and what you learned from the experience to showcase your strategic thinking abilities relevant to the role at Palo Alto Networks.

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How do you stay informed about the latest trends and regulations in cybersecurity?

Your response should reflect your commitment to ongoing education and awareness of industry changes. Discuss sources of information such as industry publications, webinars, or professional networks. Emphasize how staying informed directly benefits your work, specifically in the context of the Senior Business Development role.

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Describe your experience with Quarterly Business Reviews and how you conduct them.

In your answer, outline your approach to conducting Quarterly Business Reviews (QBRs), focusing on preparation, presentation, and follow-up processes. Highlight how these reviews have contributed to enhancing relationships and driving business growth, which directly relates to the expectations for the Senior Business Development role at Palo Alto Networks.

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What role do you think lawyers and insurance carriers play in incident response?

This answer should demonstrate your understanding of the nuances between legal and insurance frameworks in the context of incident response. Discuss how lawyers provide legal guidance while carriers assess risk, showcasing how you can bridge the gap in your role as a Senior Business Development professional.

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How do you approach developing tailored value propositions for different partners?

Explain your methodology for understanding the unique needs of different partners and how you craft value propositions accordingly. Provide examples of successful outcomes to display your ability to engage partners effectively, a key aspect of the Senior Business Development, Insurance Channel role.

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Can you discuss an instance where you successfully increased demand for a service?

Share a specific example, detailing the strategies you employed to drive demand. Discuss metrics or outcomes that highlight your success, and relate these experiences to your potential impact as the Senior Business Development professional at Palo Alto Networks.

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What is your understanding of incident response services in relation to insurance claims?

Your response should indicate your knowledge of how incident response services intersect with insurance claims, emphasizing their importance in managing cyber incidents. Discuss how your insights could enhance your effectiveness in the Senior Business Development role at Palo Alto Networks.

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Being the cybersecurity partner of choice, protecting our digital way of life.

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Full-time, hybrid
DATE POSTED
March 21, 2025

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