Cyber Underwriter Munich Re F&C, London
Company
Great Lakes Insurance SE
Location
London , United Kingdom
Job Title: Cyber Underwriter Munich Re F&C
Reporting to: Underwriting Manager Cyber
Together, we engage with everything we have and are, to help humankind act braver and better.
About Great Lakes Insurance SE:
As specialty provider of primary insurance services in the UK, Great Lakes Insurance SE, UK Branch is a substantial part of our parent, Great Lakes Insurance SE in Munich. Our interlocked business model is to seize opportunities closely connected to the reinsurance core business and innovation opportunities, in our role as an integral part of the Munich Re Group. Great Lakes Insurance SE currently operates from its Head Quarter in Munich, and via branch offices in UK, Switzerland, Italy and Australia.
In the UK, Great Lakes is currently undergoing the authorisation process from the Prudential Regulatory Authority and Financial Conduct Authority for a Third Country Branch and a Subsidiary. These two entities will secure our future in the primary insurance service market in a post-Brexit world, by enabling us to continue writing our existing business.
It is an exciting time to join our growing and evolving organisation, help us shape the future of primary insurance service provision!
About the role:
Underwriting Cyber Insurance business for large and/or complex industrial accounts in accordance with Munich Re guidelines and the Cyber Solutions London Market strategy, including assisting with risk assessment and analysis, coverage evaluation, pricing and contract negotiations and account administration.
Key Responsibilities:
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 Munich Re 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 and Munich Re’s cyber capabilities in client and broker meetings, conferences and market events and establishing Munich Re as a reliable, responsible and knowledgeable partner
Collaborating with other F&C Cyber teams in Munich and the US to execute the single global F&C Cyber Solution strategy
Working within a close-knit network of cyber experts in Munich Re and participating in challenging global projects with other Cyber teams and central interfaces
Competencies:
Drives results You consistently achieve results even under tough circumstances, with the organisation’s performance in the front of your mind.
Decision quality You make good and timely decisions to keep things moving, using analysis, experience and judgement.
Customer focus You build and maintain strong customer relationships, paying attention to their needs and adapting as this evolves.
Business insight You are able to apply your knowledge of the business and the market to advance your business’ and wider organisation’s goals.
Cultivates innovation You create new and better ways for Munich Re to be successful e.g. generating ideas, improving operational processes, harnessing new technology etc.
Persuades You use compelling arguments to gain the support, buy-in and commitment of others.
Manages ambiguity You continue to operate effectively even when things are uncertain and the way forward is unclear.
Courage You are not afraid to step up to address difficult issues, saying what you believe needs to be said. You are willing to challenge the status quo, recognising opportunities to do so.
Key Skills & Experience:
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
Thought Leaders:
You are seen as an expert in your field and will be the ‘go to’ person for your area of specialism within Munich Re. You will be seen as a role model/mentor to others – identifying opportunities to share your knowledge with others.
You will demonstrate and role model inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well.
You will treat your colleagues and sales and business partners fairly and with respect
Regulatory & Conduct Requirements: