Underwriter, Cyber & Technology

AXIS Capital; City Of London; On-site; GBP 70,000 - 95,000; Full time

Benefits offered by this job

Medical plans for you and family

Retirement plans

Tuition reimbursement

Paid vacation

Job summary

AXIS Capital in London invites an experienced Underwriter to join our Cyber & Technology division. You will establish relationships with brokers, assess risks, and underwrite classes of business within the Authority Guidelines to achieve plan targets.

You will collaborate with product, pricing, training and breach response teams, monitor risk data, and ensure compliance with Axis and Lloyd’s standards. A graduate degree and strong analytical skills are required.

Qualifications

• Graduate Degree Level Qualifications preferred.
• Knowledge of relevant laws and regulations.
• Excellent technology literacy, including Excel and other MS Office systems.
• Excellent numeracy and analytical skills.
• Excellent verbal and written communication.
• Presentation skills.
• Strong problem solving and negotiation skills.
• Ability to work with minimal supervision.
• Ability to multi task and manage conflicting priorities.
• Ability to communicate and build a rapport with a wide range of people.

Responsibilities

• Establish and maintain broker and client relationships to develop business.
• Underwrite classes of business per guidelines and authority.
• Support marketing through broker networks.
• Develop and maintain agency/broker relationships.
• Monitor data in systems like Desktop, Daybook, Tableau, and PPL.
• Ensure compliance with Axis and Lloyd’s Minimum Standards.
• Coordinate with Cyber Product, Pricing, Training and Breach Response teams.
• Attend client presentations for underwriting purposes.
• Liaise with other departments on risk entries and premium queries.
• Pursue training and professional exams to advance knowledge.

Skills

Relationship building

Negotiation

Data analysis

Verbal and written communication

Education

Graduate Degree

Tools

Excel

MS Office

Job description

This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry. At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.

Key Responsibilities

• Establish and maintain beneficial working relationships with brokers, clients, vendors, re-insurers and other internal and external stakeholders to develop business and achieve targets set out in the business plan, in accordance with company policy on underwriting standards and controls.
• Underwrite such classes of business as outlined in the Underwriting Authority and Guidelines document to achieve targets set out in the Unit’s business plan whilst monitoring global aggregation. Must work, at all times, within Underwriting, Pricing and Underwriting Authority Guidelines.
• Participate in marketing the Unit’s products and services through approved broker network.
• Develop and maintain agency and/or broker relationships.
• Check Daybook entries to ensure accuracy of data inputted.
• Where appropriate, work alongside the Cyber Product, Pricing, Training and Breach Response and Cyber Operations Teams to understand and contribute directly to the success of their initiatives.
• Compare and review insurance contracts.
• Maintain, where appropriate, office files and systems in an accurate and timely manner.
• Assist with regulatory and ad-hoc administration.
• Monitor portfolio of risks on systems such as Desktop, Daybook, Tableau and PPL.
• Monitor regulatory, market and agency bulletins and circulars and disseminate information to the Unit.
• Ensure risks written are in compliance with Axis and Lloyd’s Minimum Standards.
• Attend client presentations and gather information for underwriting purposes whilst representing Axis.
• Undertake appropriate training courses and professional examinations to enhance knowledge of insurance and Cyber insurance sectors including modules included in the Cyber & Technology Division Learning Pathway.
• Where appropriate, liaise with other departments on various issues such as risk entries, premium queries, contract certainty, premium bookings, claims, exception reports and credit control queries.
• Prepare risks to enable in-team and independent Peer Review.
• Liaise with the Delegated Underwriting Authority and Conduct Risk teams on coverholder business.
• Act in a way that pays due regards to the interests of customers and treats them fairly at all times.
• Use formal reporting mechanisms to promptly notify relevant parties of any perceived new risks or failures of existing control measures.
• Consider, at all times, the effect of any actions taken on the customers of Axis with the intention of improving their experience.
• Must endeavour, at all times, to provide accurate, complete and appropriate data, in accordance with the Axis Data Policy.

Background Knowledge

• Axis history, structure/organisation and activities
• General insurance and Cyber & Technology Insurance
• Principles and practice of reinsurance
• FCA, PRA and Lloyd’s of London including applicable compliance requirements
• Background in Cyber, Media or Technology insurance, preferably within the London market

Required Skills and Experience

• Graduate Degree Level Qualifications preferred
• Knowledge of relevant laws and regulations
• Excellent technology literacy, including competence in Microsoft Excel and other MS Office systems
• Excellent numeracy and analytical skills, including ability to analyse and compare data and reports
• Ability to analyse data and present results in a clear and concise manner
• Excellent Verbal and Written communication
• Presentation skills
• Strong problem solving and negotiation skills
• Ability to work with minimal supervision
• Ability to multi task and manage conflicting priorities
• Ability to communicate and build a rapport with a wide range of people

Your salary offer will be based on an assessment of a variety of factors including your specific experience and work location. In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate and individual performance. On top of this, you will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more. This posting is for an existing vacancy. Rewarding. Challenging. Meaningful. We are shaping the direction of Insurance and Reinsurance during a critical and exciting time for the industry.

Whether you are a student approaching graduation or a seasoned professional looking for a new environment, AXIS has the right challenges and career opportunities for you. At AXIS, we value each individual and recognize that attracting and retaining the right people is essential to the success of our company. We offer a comprehensive and competitive benefits package which includes medical plans for employees and their families, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.