Bilingual Cyber Underwriter

HSB Canada; Greater Toronto Area; Hybrid; CAD 80,000 - 110,000; Full time

Job summary

Join a leading specialty insurer as a Cyber Underwriter in Toronto. This role focuses on underwriting Cyber insurance products, driving new business growth, and maintaining strong broker relationships. You'll contribute to the growth of personal and commercial cyber insurance portfolios while collaborating with various teams to innovate and develop products. Enjoy a hybrid work model and a comprehensive benefits package.

Benefits

Collaborative environment with ongoing learning opportunities.

Hybrid work model (office and remote).

Competitive compensation with annual bonus.

Health and dental benefits from day one.

Flexible Spending Accounts for health and wellness.

Wellness resources for mental, physical, and financial health.

DC Pension Plan with employer contributions starting at 4%.

Generous time off including vacation, personal days, and holidays.

Learning resources, including LinkedIn Learning.

Referral and recognition programs.

Qualifications

• 5+ years of Cyber or professional liability underwriting experience.
• Strong relationship management skills, especially with brokers.
• Proven collaboration skills across departments.

Responsibilities

• Underwrite and price policies for SME and mid-market clients.
• Build and maintain strong broker and client relationships.
• Monitor and optimize portfolio performance.

Skills

Analytical

Negotiation

Communication

Relationship Management

Education

Bachelor's degree in Insurance

FCIP

CPCU

Job description

Company
HSB Canada
Location
Toronto, Canada

HSB Canada, part of Munich Re, is Canada's premier engineering-driven specialty insurer and provider of inspection, engineering, and technology services that set the standard for excellence in the market. Our evolving offerings lead in cyber, equipment breakdown, renewable energy, technology services, engineering-based risk management, and inspection services. We bring technical expertise to help clients stay ahead of complex, emerging, and technology-based risks. We foster a culture of Diversity, Inclusion, and Belonging, welcoming different thoughts and opinions.

HSB is more than just insurance—it's engineering and technology. To learn more, visit: https://www.hsb.ca

Note: Although the job location is listed as Toronto, the position is flexible and can be based out of one of our regional Hubs.

Please apply online by EOD May 5th.

Primary Objectives:

As a Cyber Underwriter, you will drive new business growth, build broker relationships, and underwrite Cyber insurance products focusing on profitability. Your main responsibilities include underwriting and pricing new opportunities, collaborating with business development teams to support client acquisition, and expanding our market presence.

You will contribute to the growth of personal and commercial cyber insurance portfolios, engage in impactful projects, and support product development. Your customer-focused, agile, and innovative approach will help maintain our leadership in the specialty insurance market. This role reports to the AVP of Cyber Practice within HSB's Cyber business unit and plays a key role in shaping our cyber insurance offerings.

Job Responsibilities:

1. Develop expertise in the cyber insurance market, including industry trends, competitor activity, and emerging threats.
2. Provide technical underwriting guidance to support portfolio growth.
3. Underwrite and price policies for SME and mid-market clients, aligned with risk appetite.
4. Build and maintain strong broker and client relationships to drive new business.
5. Partner with regional BDMs to onboard brokers supporting direct insurance growth.
6. Use underwriting tools, data, and threat intelligence for risk assessment.
7. Collaborate with actuarial and risk teams on guidelines and product development.
8. Negotiate policy terms within authority guidelines.
9. Represent the Cyber team at industry events, sharing market insights.
10. Structure and negotiate tailored underwriting solutions.
11. Monitor and optimize portfolio performance, implementing corrective actions as needed.
12. Foster cross-team collaboration to support initiatives.
13. Identify and develop new product opportunities.

Qualifications:

1. Bachelor's degree in Insurance, Business, or related; certifications like FCIP or CPCU preferred.
2. French language proficiency is preferred for candidates in Quebec.
3. 5+ years of Cyber or professional liability underwriting experience, focusing on new business.
4. Strong relationship management skills, especially with brokers and BDMs.
5. Existing broker relationships in Quebec are an asset.
6. Proven collaboration skills across departments.
7. Excellent analytical, negotiation, and communication skills.
8. Ability to work independently and in teams, with a proactive mindset.

Join us in engaging fully with our work to help humankind act braver and better. Grow further with HSB.

Our benefits include:

• Collaborative environment with ongoing learning opportunities.
• Hybrid work model (office and remote).
• Competitive compensation with annual bonus.
• Health and dental benefits from day one.
• Flexible Spending Accounts for health and wellness.
• Wellness resources for mental, physical, and financial health.
• DC Pension Plan with employer contributions starting at 4%, plus RRSP options.
• Generous time off including vacation, personal days, and holidays.
• Learning resources, including LinkedIn Learning and professional fee reimbursements.
• Referral and recognition programs.

HSB Canada is committed to an inclusive, accessible workplace. Accommodations will be provided for applicants with disabilities during the recruitment process. If needed, contact [e-mail] for support.

Thank you for your interest; only shortlisted candidates will be contacted.