Cyber Risk Underwriter
We are seeking a highly skilled and experienced Cyber Risk Underwriter to join our team in Zürich, CH.
The successful candidate will be responsible for underwriting a portfolio of Cyber Risk business, providing technical expertise and counsel on underwriting related issues. They will work closely with brokers, underwriters, claims staff, coverholders, external clients, and suppliers to deliver a profitable and sustainable business.
* Key Responsibilities:
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1. Develop and underwrite a profitable portfolio of Cyber Risk business as part of the Cyber Risk team.
2. Structure tailor-made solutions by considering the team underwriting parameters and underwriting policy, using underwriting knowledge and experience to win new business and retain existing.
3. Monitor premiums, costs, and claims ratios per contract and take corrective measures if necessary to ensure long-term profitability at account level.
4. Evaluate appropriate risk premium by considering risk costs, reinsurance cessions, capital exposure, as well as underwriting and general administration costs to ensure profitability, using rating models as applicable.
5. Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost-effective administration of the Energy account.
6. Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team.
7. Comply with Beazley's underwriting control standards for business written through Lloyd's or Beazley's internal MGAs.
8. Develop a good working relationship with the claims managers on this class of business.
* Client Management:
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1. Advise, assist, and service clients on insurance and risk matters to ensure clients' satisfaction.
2. Foster positive relationships with clients to get a mutual understanding of both their and Beazley's needs.
3. Maintain good business relationships with brokers.
4. Maintain awareness of overall Beazley product range and take advantages of opportunities to introduce other Beazley products to clients.
5. Leverage networking opportunities within the business to develop standardised underwriting policy and best practice within Beazley.
6. Develop best practice and disseminate business and class knowledge within the Energy and Marine team.
7. Work with peers within Energy and Marine to maximise business opportunities and profitability within the department.
8. Share and gather knowledge within the Beazley Group to ensure dissemination of best practice and maximise business opportunities and profitability across the Group.
9. Production of presentations and marketing literature as required.
10. Production of business plans/research documents for the Energy account as required.
* General:
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1. It is essential that you adhere to Beazley's core values: Being Bold, Striving for Better, and Doing the Right Thing.
2. You must comply with Beazley procedures, policies, and regulations, including the code of conduct, which incorporates the FCA and PRA Conduct.
3. Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People, or assurance teams (compliance, risk, internal audit).
4. Display business ethics that uphold the interests of all our customers.
5. Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
6. Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People, or assurance teams (compliance, risk, internal audit) and ensure you keep up-to-date with developments in these areas.
7. Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system.
Personal Specification:
Skills & Abilities:
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1. Ability to 'join the dots' across many different functions and projects and see the bigger picture in terms of Beazley's strategy.
2. Strong analytical skills with attention to detail.
3. A proven ability to communicate, negotiate, and influence effectively at all levels.
4. Excellent documentation and presentation skills.
5. Ability to manage time, meet deadlines, and prioritise.
6. Motivational skills, team worker, as well as able to work on own initiative.
* Knowledge & Experience:
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1. General commercial and financial knowledge.
2. Extensive experience in the insurance industry.
3. Extensive experience of Cyber Risk underwriting.
4. Thorough knowledge of underwriting policy, philosophy, and practice.
5. Advanced knowledge of underwriting processes and systems.
6. Client service experience.
* Aptitude & Disposition:
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1. Delivery-focused, self-motivated, flexible, and enthusiastic.
2. Professional approach to interact successfully with managers and colleagues.
3. Strong attention to detail.
* Competencies:
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1. Team working.
2. Information seeking.
3. Problem solving.
4. Effective communicator.
5. Achievement-oriented.
6. Personal Impact.
7. Leadership.
8. Organisational awareness.