Senior Underwriter, Cyber and Tech E&O

Sompo; Toronto; On-site; CAD 90,000 - 120,000; Full time

Job summary

A leading insurance provider is seeking a Senior Underwriter for Cyber and Tech E&O in Toronto, Ontario. The ideal candidate will have at least 5 years of relevant underwriting experience and strong negotiation skills. Responsibilities include reviewing insurance submissions, assessing risks, and building relationships with clients and brokers. This full-time role is an excellent opportunity for candidates looking to grow in the insurance industry.

Qualifications

• Minimum 5+ years of Cyber and Technology E&O Underwriting and Risk assessment experience.
• Existing relationships with brokers/ agents throughout Canada preferred.
• Professional designations like CIP or FCIP would be an asset.

Responsibilities

• Review and analyze Cyber and Technology E&O insurance submissions.
• Negotiate policy terms with brokers and clients.
• Monitor and manage existing book of business.

Skills

Negotiation skills

Communication skills

Data analysis

Risk assessment

Financial statement analysis

Education

Bachelor's Degree or relevant work experience

Tools

Underwriting tools and software

Job description

Overview

Join to apply for the Senior Underwriter, Cyber and Tech E&O role at Sompo. We are expanding our Canadian insurance business and seek an experienced underwriter to join our Sompo Pro Sompo Canadian team in our Toronto, Ontario office. This position will support our Canadian Domestic platform.

Responsibilities

• Review and analyze Cyber and Technology E&O insurance submissions and assess risk exposures.
• Evaluate and analyze historical loss data, risk management practices, financials, and other relevant information to determine appropriate coverage terms, conditions, and pricing.
• Negotiate policy terms, conditions, and pricing with brokers and clients, while adhering to underwriting guidelines and profitability targets.
• Monitor and manage existing book of business, including renewals, endorsements, and cancellations.
• Stay up-to-date with market trends, industry developments, and regulatory changes to effectively assess risk exposures and determine appropriate coverage solutions.
• Provide technical guidance and mentorship to junior underwriters, as needed.
• Build, develop, and maintain strong relationships with brokers, clients, and other stakeholders to foster business growth and collaboration.
• Mentor and guide more junior underwriters.
• Assist with special projects, initiatives, and reporting requirements, as assigned.

Qualifications

• Bachelor’s Degree or relevant work experience.
• Minimum experience for a Sr. Underwriter is 5+ years of Cyber and Technology E&O Underwriting and Risk assessment experience, preferably in the Canadian market.
• Existing relationships with brokers/ agents throughout Canada is preferred.
• Professional designations, such as Chartered Insurance Professional (CIP), Fellow Chartered Insurance Professional (FCIP), CRM, would be an asset.
• Proficient in analyzing data, interpreting financial statements, and utilizing underwriting tools and software.
• Strong negotiation & communication skills, both written and verbal, with the ability to interact effectively with clients, brokers, and internal stakeholders.
• Ability to work independently and collaboratively in a fast-paced environment with changing priorities.
• Knowledge of Canadian insurance regulations and market trends.
• Ability to travel as required.
• French language is an asset.

Sompo is an equal opportunity employer committed to a diverse workforce. M/F/D/V

Visit our website at www.sompo-intl.com

Job Details

• Seniority level: Mid-Senior level
• Employment type: Full-time
• Job function: Finance and Sales
• Industry: Insurance