Job Title: Cyber Underwriter
Location: London, UK
Salary: £60,000 - £120,000 DOE
About Us: My client is a leading Managing General Agent (MGA) specializing in innovative and tailored insurance solutions. They are committed to delivering high-quality service and expertise to their clients, ensuring their diverse needs are met with precision and excellence. Their dynamic team of professionals is dedicated to staying at the forefront of the insurance industry, particularly in the rapidly evolving cyber risk landscape.
Job Overview: My client are seeking a highly skilled and motivated Cyber Underwriter to join their team in London. The ideal candidate will have a strong understanding of cyber risks, underwriting principles, and the ability to develop and maintain profitable cyber insurance portfolios. This role requires a combination of technical expertise, strategic thinking, and exceptional communication skills.
Key Responsibilities:
- Risk Assessment and Underwriting:
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Evaluate and underwrite cyber insurance risks in accordance with company guidelines and risk appetite.
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Analyze complex risk submissions, conduct detailed risk assessments, and make informed decisions on coverage and pricing.
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Develop and implement underwriting strategies to achieve profitable growth in the cyber insurance portfolio.
- Policy Development and Management:
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Create and modify policy wordings, ensuring they are clear, comprehensive, and compliant with regulatory requirements.
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Manage policy lifecycles, including renewals, endorsements, and cancellations.
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Collaborate with claims and legal teams to address coverage issues and claims disputes.
- Client and Broker Relationships:
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Build and maintain strong relationships with brokers, clients, and other stakeholders to facilitate business growth and retention.
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Provide expert advice and support to brokers and clients on cyber risk management and mitigation.
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Conduct presentations and training sessions for brokers and clients to enhance their understanding of cyber insurance products.
- Market and Industry Analysis:
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Stay informed about industry trends, emerging cyber threats, and regulatory developments.
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Conduct market research to identify new opportunities and potential areas for product development.
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Participate in industry conferences, seminars, and networking events to represent the company and gather market intelligence.
- Team Collaboration and Mentorship:
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Work closely with other underwriters, actuaries, and risk analysts to share knowledge and best practices.
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Mentor junior underwriters, providing guidance and support to help them develop their skills and expertise.
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Contribute to a collaborative and positive team environment, promoting a culture of continuous learning and improvement.
Qualifications:
- Proven experience in underwriting cyber insurance risks, preferably within an MGA or insurance company.
- Strong analytical skills with the ability to assess complex risks and make sound underwriting decisions.
- Excellent communication and interpersonal skills, with the ability to build and maintain relationships with clients and brokers.
- In-depth knowledge of cyber risk management practices and the current cyber threat landscape.
- Proficiency in using underwriting software and tools.
- Strong organizational skills and the ability to manage multiple tasks and priorities effectively.
What We Offer:
- Competitive salary and benefits package.
- Opportunities for professional development and career advancement.
- A supportive and inclusive work environment.
- The chance to be part of a forward-thinking company at the forefront of the cyber insurance industry.