Title: Cyber Underwriter
Location: London
Salary: Competitive
About the role:
Underwriting Cyber Insurance business for large and/or complex industrial accounts, in accordance with guidelines and the Cyber Solutions London Market strategy. This includes assisting with risk assessment and analysis, coverage evaluation, pricing and contract negotiations and account administration.
Key Responsibility:
Acquiring and underwriting cyber and technology insurance risks for large industrial and corporate clients, including all tasks associated with risk and coverage analysis such as pricing and contract negotiations, in line with the guideline
Further developing a portfolio of profitable cyber-related business and seizing new business opportunities by actively managing broker and client relationships
Attending client and market-wide cyber meetings, and discussing and evaluating clients’ individual cyber exposure
Promoting F&C cyber capabilities in client and broker meetings, conferences and market events and establishing the company as a reliable, responsible and knowledgeable partner
Collaborating with other F&C Cyber teams in the US to execute the single global F&C Cyber Solution strategy
Working within a close-knit network of cyber experts and participating in challenging global projects with other Cyber teams and central interfaces
Requirements:
Solid experience underwriting Cyber and/or Technology E&O risks in the London or international market
Strong technical underwriting skills with an understanding of coverage nuances in Cyber
Proven ability to manage broker relationships and drive new business opportunities
Commercial acumen and confidence to operate in a fast-paced market environment
Familiarity with cyber threat trends and the evolving risk landscape (technical background helpful but not required)
A collaborative mindset and willingness to contribute to a global team environment
Competencies:
Drives results (we think big) – you consistently achieve results even under tough circumstances, with the organisation’s performance in the front of your mind. You make good and timely decisions to keep things moving, using analysis, experience and judgement.
Business insight (we think big) – you can apply your knowledge of the business and the market to advance your business’ and wider organisation’s goals.
Collaboration (we lead the ‘we’) – you identify opportunities and bring the right people together to work on a common goal, encouraging diversity of opinion, whilst maintaining clarity and unity of direction.
Client focus (we grow with our clients) – you build and maintain strong client relationships (internal and external), listening to their needs and working with them to ensure value is created.
Cultivates innovation (we grow with our clients) – you create new and better ways for the company to be successful e.g., generating ideas, creating efficiencies, harnessing new technology etc.
Courage (we care and dare) – you are willing to challenge the status quo and address difficult issues, saying what you believe needs to be said. You also continue to operate effectively even when things are uncertain and the way forward is unclear.
Persuades (we are clear and authentic) – you use clear and compelling arguments to gain the support, enthusiasm and commitment of others, whilst ensuring you take time to actively listen to the diversity of views and opinions.
Preferred Skills/Qualities:
Ability to build and maintain relationships with clients, brokers and internal stakeholders
Excellent written and oral communication skills, including presentation skills
Excellent negotiation and relationship skills
Collaborative and team minded work attitude, ability to work in team and independently
Ability to make decisions based on logic, risk and commercial aspects, solution based work approach
High level of commitment and ability to work under pressure
Accuracy and Diligence
High degree of self-motivation and willingness to learn
Qualifications and Educational Requirements:
University degree in IT security or computer sciences, other technical degree or university degree, economics, law, or other, IT-security certifications, e.g. CISSP, or similar
Alternatively experience in the London market or other insurance markets underwriting or broking cyber, liability or property insurance for large industry risks