Underwriter – Cyber Risks

Beazley


Date: 8 hours ago
City: Birmingham
Contract type: Full time
General

Job Title: Underwriter - Cyber Risks

Division: Cyber Risks

Key Relationships: Brokers, underwriters, claims, wordings, insureds, external clients and suppliers

Job Summary

To underwrite an Cyber Risks account within the International Cyber Risks 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 Beazley brand.

Key Responsibilities

Underwriting

  • Develop and underwrite a profitable portfolio of Cyber Risks business as part of the Cyber Risks team with a focus on UK Retail business.
  • 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
  • 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 Beazley's underwriting control standards for business written through Lloyd's, Beazley’s international subsidiaries or Beazley's 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 Beazley’s needs.
  • Maintenance of good business relationships with brokers.
  • Maintain awareness of overall Beazley product range and take advantages of opportunities to introduce other Beazley products to clients.

General

  • Leverage networking opportunities within the business to develop standardised underwriting policy and best practice within Beazley.
  • Develop best practice and disseminate business and class knowledge within the Cyber Risks
  • Work with peers within 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 Beazley 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 Beazley’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 Beazley Employees To

  • Comply with Beazley procedures, policies and regulations including the code of conduct, which incorporates the PRA and FCA Conduct.
  • Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People 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 Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley 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 Beazley committees or working groups.

Personal Specification

Skills & Abilities

  • Proficient underwriting skills
  • Accurate and numerate
  • 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 & Experience

  • General commercial and financial knowledge
  • Experience in the insurance industry and ideally with Broking relationships in the North of the UK
  • Experience of Cyber underwriting or broking
  • Thorough knowledge of underwriting policy, philosophy and practice
  • Advanced knowledge of underwriting processes and systems
  • Client service experience

Aptitude & 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

Competencies

  • Achievement drive
  • Analytical thinking
  • Strategic thinking
  • Service focus
  • Team working
  • Conceptual thinking
  • Forward thinking

How to apply

To apply for this job you need to authorize on our website. If you don't have an account yet, please register.

Post a resume

Similar jobs

Aviation Security Duty Manager

Mitie Cleaning & Hygiene Services, Birmingham
1 day ago
Better places, thriving communities.AVIATION SECURITY DUTY MANAGERInformationFour on four off shift system, rotating between days and nights.Twelve hours per duty with an average of forty two hours per week.Must have been in the UK over 3 yearsMust have a clean Criminal RecordMUST Not have any colour Vision deficienciesJob Role Have direct responsibility for all supervisors and security agents on shift.Ensure...

Volunteer Trustee | Persona Arts

Persona Arts, Birmingham
6 days ago
Persona Arts is seeking a trustee for our dymanic board. This is a rewarding opportunity to help shape the future of an ambitious and inclusive charity that champions access to opera and classical music across the West Midlands diverse communities.What difference will you make?As a Trustee of Persona Arts, you will make a real difference by Bringing world-class opera, classical...

Senior Recruitment Consultant

Barrington James, Birmingham
2 weeks ago
IntroductionThe global life sciences industry continues to lead innovation, driving transformational change through groundbreaking therapies and leadership. At Barrington James, we evolve alongside this dynamic sector. With over 160 specialist consultants worldwide, including our expanding Birmingham office, we are uniquely positioned to partner with large enterprise clients to identify and secure top-tier executive talent.Our Birmingham practice focuses on purely placing...