Underwriter- Cyber & Technology

XL CATLIN; Toronto; On-site; CAD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a skilled Underwriter for their Cyber and Technology segment in Toronto. This role offers the chance to work in a rapidly growing field, focusing on innovative solutions to complex risks. You will be responsible for managing a renewal book and producing new business while collaborating with various teams to achieve financial goals. If you have a strong background in underwriting and a passion for technology, this opportunity could be the perfect fit for you. Join a team that values expertise and aims to redefine the insurance landscape.

Qualifications

• Bachelor's degree or equivalent required.
• Moderate experience in Cyber and Technology underwriting preferred.

Responsibilities

• Expand the Canadian Cyber portfolio through new and renewal underwriting.
• Collaborate across units to manage and service a cyber renewal book.

Skills

Cyber Underwriting

Data Security

Risk Analysis

Communication Skills

Organizational Skills

Problem-Solving

Education

Bachelor's Degree

Job description

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Job Description - Underwriter- Cyber & Technology (23CYAM05D20250303)

Underwriter- Cyber and Technology

Toronto, ON | Canada

AXA XL provides cyber insurance and technology professional liability on an open brokerage basis to start-up firms all the way up to the Fortune 500. This class has been identified by AXA XL as an exciting growth area with excellent prospects for the successful underwriter to grow their profile and advance their career.

As digital threats grow more sophisticated, malicious, and hard to detect, our focus on innovation in providing tailored solutions to complex risks AXA XL has earned the reputation as a market leader. An increased dependence on technology brings increased vulnerabilities. Data breaches threaten the security of financial, customer, employee and other proprietary data, and, at any time, a cyber-attack can disrupt a company’s operations.

We have an exciting opportunity for an Underwriter to join our Cyber underwriting team in a rapidly growing and dynamic segment. The individual will be responsible for servicing a renewal book and producing new business through exceptional underwriting practices throughout Canada.

What will your essential responsibilities include?

1. Underwriter I will be responsible for executing a business plan to expand the existing Canadian Cyber portfolio, aligning within the overall Cyber business strategy, by underwriting both new and renewal Canadian cyber business.
2. Assist in achieving profitable premium and rate goals, working with actuarial and claims and successfully delivering results consistent with financial plan.
3. Collaborate across business units and functions to leverage existing resources to underwrite, manage and service a cyber and technology renewal book and produce new business in accordance with the Cyber underwriting unit goals.
4. Exercise discretion and independent judgment in the analysis and evaluation of risk.
5. Participate in roundtable discussions on risk assessment.
6. Negotiate with producers within the limits of delegated authority and in accordance with established underwriting standards to achieve profit objectives.
7. Build and enhance relationships with assigned brokers and clients to identify and establish new distribution relationships.
8. Maintain expertise with the products, services, priorities and target markets to more effectively enable clients to uncover hidden cyber risks.
9. Promote the company's expertise by participating in industry conferences and events.
10. Maintain compliance with all internal and external underwriting guidelines and legal requirements.

You will report to the Underwriting Manager, Professional Liability & Cyber, Canada.

We’re looking for someone who has these abilities and skills:

Required Skills and Abilities:

1. A Bachelor's degree or equivalent.
2. Moderate years of Cyber and Technology underwriting experience or Underwriting experience in another area of expertise with a strong conceptual comprehension of data security, privacy, cyber and information risk.

Desired Skills and Abilities:

1. Exceptional organizational and time management skills with the ability to perform accurate mathematical calculations.
2. Excellent collaborative skills in a fast-paced team-centric environment.
3. Strong interpersonal, presentation, written and verbal communication skills.
4. The ability to demonstrate critical thinking, decision making, and problem-solving skills.

AXA XL, the P&C and specialty risk division of AXA

is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.

AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic.

Location

CA-CA-Toronto

Work Locations

CA ON Toronto 100 King Street West Suite 3020 PO Box 310 Toronto M5X 1C9

Schedule

Full-time

Job Type

Standard

AXA XL is an Equal Opportunity Employer and does not discriminate against any colleague or applicant for employment on the basis of race, color, national origin, religion, sex, gender identity and/or expression, sexual orientation, age, disability, genetic information, veteran status, military status or any other category protected by local law.