Remote Cyber Insurance Underwriter

Placements24; Pretoria; Hybrid; ZAR 700,000 - 1,100,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

Retirement Plan

Professional Development

Home Office Stipend

Remote Work

Work-life Balance

Job summary

Placements24 is partnering with a forward-thinking specialty insurer to recruit a Remote Cyber Insurance Underwriter. You will assess and price cyber risk, including data breach liability, cyber liability, and technology errors & omissions, for clients across industries in a remote-first setup.

The ideal candidate has 5+ years of underwriting experience, with at least 3 years in cyber, deep knowledge of cyber threats and data privacy regulations, and excellent communication for collaboration

Qualifications

• At least 5 years in underwriting, with 3+ years in cyber insurance.
• Deep knowledge of cyber threats, IT security, and data privacy laws (GDPR/POPIA).
• Strong pricing, analytics, and remote collaboration skills; CCSP/CRISC/CISSP a plus.

Responsibilities

• Underwrite and price cyber policies including data breach and tech E&O.
• Assess risk using applicant data, financials, and IT security posture.
• Build broker/agent relationships as cyber risk SME.
• Apply underwriting guidelines, regulations, and company appetite.
• Negotiate terms and pricing with brokers for profitability.
• Monitor portfolio performance and identify emerging risks.
• Collaborate with claims, legal, and IT security teams.
• Stay current with cyber threats and best practices.
• Contribute to cyber underwriting strategy and product development.
• Provide training to junior underwriters.

Skills

Cyber Underwriting

Risk Analysis

Pricing & Modelling

Communication

Remote Collaboration

Data Privacy Regulations

IT Security Principles

Education

Bachelor's degree in Finance/CS/Risk Management

Tools

Underwriting Software

Job description

About the Role

Our client, a forward-thinking leader in the specialty insurance market, is actively seeking a highly motivated and experienced Remote Cyber Insurance Underwriter to join their dynamic, fully remote team. This role is crucial for assessing and managing the unique risks associated with cyber threats and data breaches for businesses across various industries. The ideal candidate will possess a deep understanding of the evolving cyber threat landscape, exceptional analytical skills, and the ability to develop effective underwriting strategies for cyber insurance products. As a remote professional, you will leverage cutting-edge technology to collaborate seamlessly with brokers, agents, and internal risk management specialists. This is a remote-first position, offering flexibility and the opportunity to shape the cyber insurance offerings of a leading organization from anywhere. Join a team that is at the forefront of protecting businesses in the digital age.

Key Responsibilities

• Underwrite and price cyber insurance policies, including but not limited to, data breach liability, cyber liability, and technology errors & omissions.
• Analyze applicant information, financial statements, and IT security infrastructure to assess cyber risk exposure.
• Develop and maintain strong relationships with brokers and agents, acting as a subject matter expert in cyber insurance.
• Interpret and apply underwriting guidelines, regulatory requirements, and company appetite for cyber risk.
• Negotiate policy terms, conditions, and pricing with brokers to ensure profitable and sustainable business.
• Monitor the performance of the cyber insurance portfolio, identifying trends and emerging risks.
• Collaborate with claims, legal, and IT security teams to manage complex cyber incidents and exposures.
• Stay current with the latest cyber threats, vulnerabilities, and cybersecurity best practices.
• Contribute to the development and refinement of cyber underwriting strategies and products.
• Provide training and guidance to junior underwriters and internal stakeholders on cyber risk.

Requirements

• Minimum of 5 years of underwriting experience, with at least 3 years specifically focused on Cyber Insurance.
• Deep understanding of cyber threats, vulnerabilities, IT security principles, and data privacy regulations (e.g., GDPR, POPIA).
• Proven ability to analyze complex risk exposures and develop appropriate underwriting solutions.
• Strong financial acumen and experience with pricing models for specialty insurance lines.
• Excellent communication, negotiation, and relationship-building skills, essential for remote collaboration.
• Proficiency in underwriting systems, risk assessment tools, and data analysis software.
• Relevant professional certifications (e.g., CCSP, CRISC, CISSP) are a significant advantage.
• Bachelor's degree in Finance, Computer Science, Risk Management, or a related field.
• Demonstrated ability to work independently, manage a diverse workload, and meet deadlines in a remote setting.
• Highly organized with meticulous attention to detail.

Benefits

• Highly competitive compensation package, including base salary and performance-based bonuses.
• Fully remote work environment with excellent work-life balance.
• Comprehensive medical, dental, and vision insurance plans.
• Robust retirement savings plan with employer contributions.
• Significant investment in professional development, training, and certifications.
• Home office stipend and resources to support a productive remote workspace.
• A collaborative and innovative culture with a focus on cybersecurity expertise.