Cyber Liability Insurance Underwriter

Placements24; Mbombela (Nelspruit); Hybrid; ZAR 520,000 - 860,000; Full time

Benefits offered by this job

Competitive salary

Performance incentives

Comprehensive benefits package (medial

Hybrid work model

Training and professional development

Career advancement opportunities

Nelspruit location

Job summary

Placements24 in Nelspruit is seeking a Cyber Liability Insurance Underwriter to assess and underwrite cyber risk for businesses and brokers. The role blends office collaboration with remote flexibility in a hybrid work model.

You will evaluate IT infrastructure, data security, and regulatory compliance to determine coverage and pricing, build client relationships, and stay updated on POPIA/GDPR.

Qualifications

• Minimum 3 years of underwriting experience in cyber or tech risks.
• Strong IT systems and cybersecurity knowledge, data privacy regulations.
• Ability to underwrite complex technology risks and profitable book.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong communication and negotiation skills.
• Familiarity with cyber insurance policies and market standards.
• Proficiency with underwriting software and MS Office.
• Degree in Computer Science/IT/Risk Management or related field.
• Hybrid work capability and strong organizational skills.
• Certification in cybersecurity or insurance is a plus.

Responsibilities

• Underwrite cyber liability applications and assess data breaches, network security, and privacy risks.
• Evaluate client IT infrastructure and security practices.
• Set policy terms, limits, and premiums based on risk.
• Manage a cyber liability portfolio for profitability.
• Build relationships with brokers, agents, and clients.
• Stay updated on cybersecurity threats and regulatory requirements (POPIA, GDPR).
• Collaborate with IT security consultants to enhance risk assessment.
• Analyze market intelligence and competitor cyber offerings.
• Ensure compliance with insurance regulations and policies.
• Contribute to underwriting tools and product strategies.

Skills

Underwriting

Cyber risk

IT systems

Data privacy

Cybersecurity

Communication

Negotiation

MS Office

Risk management

Education

Degree in Computer Science / IT / Risk Management

Tools

Underwriting software

Job description

About the Role

Our client, a forward-thinking insurer specializing in emerging risks, is seeking a skilled Cyber Liability Insurance Underwriter to join their team in Nelspruit. In today's digital landscape, cyber threats pose significant risks to businesses of all sizes. This role is essential for assessing and underwriting these complex risks, providing clients with crucial protection against data breaches, cyber-attacks, and other digital exposures. You will work closely with businesses to understand their IT infrastructure, data security measures, and potential vulnerabilities, determining appropriate coverage and pricing. This hybrid role allows for a blend of office-based collaboration and remote flexibility, ensuring efficient workflow and work-life balance. The ideal candidate will possess a strong understanding of cybersecurity principles, IT systems, and the evolving landscape of cyber threats. Your analytical abilities and communication skills will be key to effectively managing cyber risk portfolios and building trust with clients and brokers. We are looking for an individual passionate about technology risk and committed to helping organizations navigate the digital frontier safely. Join a team at the forefront of specialized insurance solutions.

Key Responsibilities

• Underwrite cyber liability insurance applications, assessing risks related to data breaches, network security, privacy violations, and cyber-attacks.
• Evaluate the IT infrastructure, security protocols, and data handling practices of potential clients.
• Determine appropriate policy terms, conditions, coverage limits, and premiums based on risk assessment.
• Manage a portfolio of cyber liability risks, ensuring profitability and adherence to underwriting guidelines.
• Build and maintain strong relationships with brokers, agents, and clients, providing expert advice on cyber risk management.
• Stay current with the latest cybersecurity threats, trends, technologies, and regulatory requirements (e.g., POPIA, GDPR).
• Collaborate with IT security consultants and incident response teams to enhance risk assessment and management strategies.
• Analyze market intelligence and competitor offerings in the cyber insurance space.
• Ensure compliance with all relevant insurance regulations and company policies.
• Contribute to the development and refinement of underwriting tools and strategies for cyber insurance products.

Requirements

• Minimum of 3 years of experience in insurance underwriting, with a specialized focus on cyber liability or technology-related risks.
• Strong understanding of IT systems, cybersecurity principles, data privacy regulations, and common cyber threats.
• Proven ability to underwrite complex technology risks and manage a profitable book of business.
• Excellent analytical, problem-solving, and decision‑making skills.
• Strong communication, negotiation, and interpersonal skills.
• Familiarity with cyber insurance policies and market standards.
• Proficiency in underwriting software and MS Office Suite.
• A relevant degree in Computer Science, Information Technology, Risk Management, or a related field is highly desirable.
• Ability to work effectively in a hybrid work environment, demonstrating strong organizational skills.
• Certification in cybersecurity (e.g., CISSP, CISM) or insurance (e.g., CPCU) is a plus.

Benefits

• Our client offers a competitive salary, performance incentives, and a comprehensive benefits package including medical aid, life insurance, and retirement fund contributions.
• The hybrid work model provides flexibility, allowing for a better work‑life balance.
• Employees have access to ongoing training, professional development and opportunities for career advancement within the rapidly growing field of cyber insurance.
• This role is based in Nelspruit, offering a strategic location.
• Join a dynamic team dedicated to providing cutting‑edge insurance solutions for the digital age.