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18 Oct 2021

Full-Time Lead Underwriter – Cyber & Technology

Insurance Career Network – Posted by Monica Anywhere

Job Description

Fantastic opportunity to join an award-winning Cyber & Technology team as our client’s Toronto-based underwriter. This role will have responsibility for driving and implementing the Canadian Cyber strategy with a focus on the large, complex and middle market segments. Our client is seeking an experienced underwriter to help raise and maintain their profile within the broker community dealing with Cyber and E&O business, increasing the strength of relationships within the market to achieve consistent, strong producer relationships.

Our client is an innovative global insurer, offering a flexible and modern working environment.

Division: Cyber & Executive Risks

Key Relationships: Brokers, Underwriters, Claims staff, Coverholders, external Clients and Suppliers

Job Summary: To underwrite a Cyber & Technology account within the Cyber & Technology team and provide counsel and advice on underwriting related issues. Provide technical expertise in this business area and maintain and improve market reputation of the Company brand.

Key Responsibilities: 

Underwriting

Develop and underwrite a profitable portfolio of Cyber & Technology business as part of the Cyber & Technology 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 Cyber & Technology account.
Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Cyber & Executive Risks.
Comply with Company’s underwriting control standards for business written through Lloyd’s 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 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 Company.
Develop best practice and disseminate business and class knowledge within the Cyber & Technology team.
Work with peers within Cyber & Technology and Cyber & Executive 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 Cyber & Technology account as required.
Adopt the Company’s culture of Professionalism, Integrity, Effectiveness and Dynamic that contributes to an internal environment of teamwork and promote a positive brand image and experience to our external customers.
Comply with procedures, policies and regulations including the code of conduct which incorporates the PRA and FCA Conduct Rules. Undertake training on Company policies and procedures as delivered by your line manager, the Talent Management development or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
Display business ethics that uphold the interests of all our customers.
Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Talent Management or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas.  This may include, amongst others, Company’s underwriting control standards, claims control standards, other standards and customer relationship management.
Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system.  These may include membership of any committees or working groups.

Education and Qualifications

Minimum graduate level education
Minimum 8-10 years Cyber Underwriting experience

Skills and Abilities

Proficient underwriting skills
Accurate and numerate
Computer skills – good working knowledge of MS Office, advanced Excel skills
Strong analytical skills with attention to detail
Able to communicate effectively with others, both verbally and in writing
Ability to manage time, meet deadlines and prioritise
Motivational skills

Knowledge and Experience

General commercial and financial knowledge
Extensive experience in insurance industry, including within the Cyber space
Thorough knowledge of underwriting policy, philosophy and practice
Advanced knowledge of underwriting processes and systems
Client service experience

Aptitude and Disposition

Result focused, self-motivated, flexible and enthusiastic
Professional approach to interact successfully with managers/ colleagues/ external suppliers
Team worker as well as able to work on own initiative
Customer focused, with a strong ethic of service and fairness to the customer

How to Apply

Insurance Career Network is a recruitment firm focused exclusively on the insurance industry.  Our relationships, knowledge and leading experience enable us to connect leading insurers, brokerage firm and independent adjusting firms with the most talented candidates for each role. Since 1991, we have been building and nurturing relationships and with over 13,000 registered candidates, we can tap into our highly technical experience for our clients.  Our recruiters come directly from insurance related positions and bring a wealth of knowledge to each recruitment assignment. TO APPLY:  Register and submit your resume to monica@insurancecareernet.com  or call Monica  for more information 416 703-5120 ext 201

Job Categories: Commercial. Job Types: Full-Time.

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