Cyber Underwriter

3 weeks ago

London, Greater London, United Kingdom Munich Re Full time
Cyber Underwriter Job Description

Munich Re is seeking a skilled Cyber Underwriter to join our team in London. As a Cyber Underwriter, you will play a critical role in ensuring the prudent underwriting of quality business in line with the Syndicate's business plan.

Key Responsibilities:
  • Underwrite cyber and technology risks, exercising judgment in all underwriting matters, and remain aware of own underwriting limits as set out on the Underwriting Authority sheet, all in accordance with Underwriting business plan;
  • Conduct and develop effective relationships within Lloyd's, both with peers and with Brokers, with a view to securing new business that falls within the Munich Re Specialty – Global markets/ Munich Re Syndicate Ltd portfolio, specifically cyber and technology risks;
  • Make written records of all conversations with customers, both internal and external, in accordance with the firm's procedures manual;
  • Monitor recording of risk entry and amend where appropriate;
  • Review daily claims report;
  • Be aware of and take ownership of the potential risks facing the business within own job role and the controls that are in place to mitigate them; and report all significant changes in these risks, or the effectiveness of controls, to your line manager in a timely manner.
Requirements:
  • Intermediate (Level 2) knowledge and understanding of Legal Principles, FCA and Lloyd's rules and regulations including contract certainty issues;
  • Develop and maintain market and risk awareness and willingness to continue to develop knowledge of products, underwriting and related issues through formal and informal learning, both internally and externally.
About Munich Re:

Munich Re is a leading global reinsurer, committed to building a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; life, school, and career experiences; and political, religious, and personal beliefs. We foster innovation and resilience, enabling us to act braver and better.

Benefits:
  • Critical illness insurance + Life Assurance + Permanent Health Insurance
  • Wellbeing and Development Scheme + EAP + Health Assessments (subject to scheme eligibility)
  • Electric Vehicle Salary Sacrifice Scheme
  • Study & continuing Professional Development Support

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