Job Description
Job Number:
Underwriter I, Cyber (Job Number: 12001670R1D20241127)
DISCOVER your opportunity
LONDON, UK
AXA XL is a lead market for Cyber Insurance and distributes the product globally. The UK & Lloyd’s portfolio is focused mostly (but not exclusively) on excess business that comes to London from all around the world, and we carefully deploy our open market capacity to specialist brokers, supported by our technical risk analysis in this ever-evolving area. Cyber is now on the risk register of most (if not all) companies and we look to partner with our clients on prevention and training as well.
DISCOVER your opportunity
Would you like to work in a growing cyber practice? We have an exciting opportunity for a cyber insurance professional to join a talented and ambitious team of Cyber Underwriters to continue to build the cyber book of business.
The role includes the use of several AXA XL legal entities, including the AXA XL Lloyd’s Syndicate. The underwriting focus will be on large corporate complex cyber risks and playing a full and active role in the dynamic London cyber market.
What will your essential responsibilities include?
* Reviewing submissions including applications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine degree of risk for each account.
* Calculating appropriate risk premium by considering the risk costs inherent to the Cyber sector, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.
* Proactively advising, assisting, servicing and following up with clients on insurance and risk management matters to ensure satisfaction and fulfilment of their insurance requirements.
* Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention.
* Controlling timely implementation of new and renewed accounts according to quality standards.
* In coordination with other internal teams, determining appropriate reinsurance for risk placements both on excess of loss and quota share basis.
* Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy.
* Supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; monitoring premium income to ensure it remains within set limits.
* Maintaining awareness of all claims advised while supporting and providing input on settlement of claims.
You will report to the Cyber Underwriting Manager.
We’re looking for someone who has these abilities and skills:
* Underwriting or broking experience, preferably in the Cyber and Technology PI marketplace, however we will consider those with experience from other lines of insurance who possess a keen interest in Cyber.
* Under technical direction, ability to work within significant limits and authority on assignments of higher technical complexity and coordination.
* Demonstrate technical knowledge and skills, including product and industry.
* Analytical, negotiation and sales/marketing skills.
* Excellent written and verbal communication skills.
* Interpersonal Savvy - demonstrated ability to build and maintain strong insured and broker contacts.
* Ability to develop and understand business processes, strategy and planning.
* Collaborative team player who provides creative solutions and ideas for resolution.
* Bachelor’s Degree (or equivalent).
FIND your future
AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.
How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic.
At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It’s about helping one another — and our business — to move forward and succeed.
* Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe.
* Robust support for Flexible Working Arrangements.
* Enhanced family friendly leave benefits.
* Named to the Diversity Best Practices Index.
* Signatory to the UK Women in Finance Charter.
At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called “Roots of resilience”, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.
AXA XL is an Equal Opportunity Employer.
Location
Location: GB-GB-London
Work Locations
GB London 20 Gracechurch Street London EC3V 0BG
Job Field
Schedule
Schedule: Full-time
Job Type
Job Type: Standard
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