Underwriter Cyber Risks

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For our client, an international insurance group, we are looking for an

To underwrite a Cyber Risks account within the International Cyber Risks team and provide counsel and advice on underwriting and market issues. Provide technical expertise in this business area and maintain and improve market reputation of the company brand.

Key Responsibilities:

• Develop and underwrite a profitable portfolio of Cyber Risks business as part of the Cyber Risks team.
• Structure tailor-made solutions by considering the team underwriting parameters and underwriting policy and using underwriting knowledge and experience to win new business and retain existing.
• Monitor premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long term profitability at account level.
• Evaluate appropriate risk premium by considering the risk costs, reinsurance cessions, capital exposure as well as the underwriting and general administration costs to ensure profitability, using rating models as applicable.
• Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost effective administration of the Continental Europe Cyber Risks account.
• Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Cyber Risks.
• Comply with company's underwriting control standards for business written through Lloyd’s, the company's European subsidiaries or internal MGAs.
• Develop a good working relationship with the claims managers on this class of business.

Client Management

• Advise, assist and service clients on insurance and risk matters to ensure clients’ satisfaction.
• Foster positive relationships with clients to get a mutual understanding of both their and the company's needs
• Maintenance of good business relationships with brokers.
• Maintain awareness of overall product range and take advantages of opportunities to introduce other products to clients.

General

• Leverage networking opportunities within the business to develop standardised underwriting policy and best practice within the company.
• Develop best practice and disseminate business and class knowledge within the International Cyber Risks teams.
• Work with peers within Cyber Risks to maximise business opportunities and profitability within the department. This will include but not be limited to sharing market information, marketing sources and cross selling opportunities.
• Share and gather knowledge within the Group to ensure dissemination of best practice and maximise business opportunities and profitability across the Group.
• Production of presentations and marketing literature as required.
• Production of business plans/research documents for the Continental Europe Financial Lines account as required.

Personal Specification:

Skills and Abilities

• General commercial and financial knowledge
• Possess underwriting ability
• Accurate and numerate
• Strong analytical skills with attention to detail
• Able to communicate effectively with others, both verbally and in writing
• Motivational skills, team worker as well as able to work on own initiative
• Ability to manage time, meet deadlines and prioritise
• Fluency in German or Italian and English, additional ability with French is advantageous.

Knowledge and Experience

• Experience of Cyber underwriting or broking
• Good knowledge of Swiss financial lines market
• Thorough knowledge of underwriting policy, philosophy and practice
• Advanced knowledge of underwriting processes and systems
• Client service experience

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Human Resources Services

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