Underwriter – Cyber Risks
Key information
- Publication date:07 April 2025
- Workload:100%
- Contract type:Unlimited employment
- Language:German (Fluent), English (Fluent), French (Fluent)
- Place of work:Zürich
For our client, an international insurance group, we are looking for an
To underwrite aCyber Risk account within the International Cyber team and provide counsel and advice on underwriting and market 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 Risks business as part of the Cyber Risks 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.
- Manage innovation and development of non-insurance service offerings to insureds and others.
- 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 Risks account.
- Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Cyber Risks
- Comply with the company's underwriting control standards for business written through Lloyd's, international subsidiaries 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 the 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 the company.
- Develop best practice and disseminate business and class knowledge within the International Cyber Risks teams.
- Work with peers within International Cyber 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 Risks account as required.
It is important that within all your interactions both internally and externally you adhere to the company's core values - Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect employees to:
Personal Specification:
Skills and Abilities
- Proficient underwriting skills
- Proficiency in English as well as German or Italian
- Strong analytical skills with attention to detail
- Able to communicate effectively with others, both verbally and in writing
- Manage relationships with your trading partners independently
- Ability to manage time, meet deadlines and prioritise
- Accurate and numerate
Knowledge and Experience
- General commercial and financial knowledge
- Experience in insurance industry; specifically of Cyber underwriting or broking
- Thorough knowledge of underwriting policy, philosophy and practice
- Client service experience
Aptitude and Disposition
- Results focused, self-motivated, flexible and enthusiastic
- Professional approach to interact successfully with managers/colleagues/external suppliers
- Customer focused, with a strong ethic of service and fairness to the customer
Key Responsibilities:
Underwriting
- Develop and underwrite a profitable portfolio of Cyber Risks business as part of the Cyber Risks 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.
- Manage innovation and development of non-insurance service offerings to insureds and others.
- 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 Risks account.
- Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Cyber Risks
- Comply with the company's underwriting control standards for business written through Lloyd's, international subsidiaries 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 the 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 the company.
- Develop best practice and disseminate business and class knowledge within the International Cyber Risks teams.
- Work with peers within International Cyber 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 Risks account as required.
It is important that within all your interactions both internally and externally you adhere to the company's core values - Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect employees to:
Personal Specification:
Skills and Abilities
- Proficient underwriting skills
- Proficiency in English as well as German or Italian
- Strong analytical skills with attention to detail
- Able to communicate effectively with others, both verbally and in writing
- Manage relationships with your trading partners independently
- Ability to manage time, meet deadlines and prioritise
- Accurate and numerate
Knowledge and Experience
- General commercial and financial knowledge
- Experience in insurance industry; specifically of Cyber underwriting or broking
- Thorough knowledge of underwriting policy, philosophy and practice
- Client service experience
Aptitude and Disposition
- Results focused, self-motivated, flexible and enthusiastic
- Professional approach to interact successfully with managers/colleagues/external suppliers
- Customer focused, with a strong ethic of service and fairness to the customer
Contact
- Philip Jung0433449940Write an email
