Senior Underwriter Cyber (m/f) | London, UK
Senior Underwriter Cyber (m/f) | London, UK

Senior Underwriter Cyber (m/f) | London, UK

London Full-Time 48000 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Underwrite and evaluate Cyber exposures while developing client relationships.
  • Company: Allianz Commercial specializes in Cyber insurance for complex global risks.
  • Benefits: Enjoy a hybrid working model, competitive compensation, and lifelong learning opportunities.
  • Why this job: Join a diverse team focused on innovation and making a positive impact on society.
  • Qualifications: 5+ years in Cyber underwriting; CII qualification preferred.
  • Other info: Allianz is committed to inclusivity and offers flexible working arrangements.

The predicted salary is between 48000 - 72000 £ per year.

Let’s care for tomorrow.

Your ambitions. Your dreams. Your tomorrow

Whether it’s aircraft, international business or offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.

We are looking for a Senior Underwriter Cyber (m/f) based in London.

Your Team

At Allianz Commercial we specialise in offering Cyber insurance for the most complex and challenging exposures. With a focus on larger global risk portfolios and major national risks, we offer tailor made ‘All Risks’ property damage and business interruption insurance through our global network.

The Impact You Will Have

Reporting to the Head of Cyber Underwriting for the UK, you will work closely with clients and brokers to develop personalised solutions as well as developing new relationships. You will be responsible for underwriting profitable new and renewal business to meet Cyber targets regionally including global elements. Your responsibilities also include negotiating participation, pricing and terms & conditions, supporting the acquisition of new business and retaining existing business.

Some of your specific responsibilities could include:

  1. Underwrite and evaluate Cyber exposures, contributing to the profitable growth of the book.
  2. Actively drive involvement of functional areas in the Underwriting process, including Market Management, Risk Consulting, Claims, Operations etc.
  3. Lead referrals from underwriters and re-underwrite complex business as appropriate.
  4. Develop broker relationships and attend client meetings to market our offering and value proposition.

What You’ll Bring to the Role

  1. You have approximately 5+ years of experience underwriting profitable business in the Cyber segment of large corporate international insurance.
  2. Ideally you are CII qualified or equivalent or working towards it.
  3. You have recognised relationships with clients and brokers at peer group level and are well established within your reference market.
  4. You have a specialised understanding of regional / national Cyber insurance markets and the competitor landscape.
  5. You are able to negotiate effectively achieving the best outcome for your portfolio while maintaining positive business relationships with your clients and brokers.
  6. You are capable of leveraging data and analytics to make business more efficient and effective.
  7. You have a good understanding of the legal and regulatory framework.
  8. You can design, develop and implement consistent, robust wordings for contracts.

What’s in it for you?

Let’s care about everything that makes you, you

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

Let’s care for your financial wellbeing

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

Let’s care for your opportunities to progress

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.

Let’s care for life’s twists and turns

From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We’ve got your back.

Let’s care for our society and our planet

With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.

Care to join us?

Allianz Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what’s ahead.

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic. Diversity of thinking is an important part of our culture.

People with disabilities:
We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email #J-18808-Ljbffr

Senior Underwriter Cyber (m/f) | London, UK employer: Allianz

At Allianz Commercial, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters innovation and collaboration in the heart of London. Our commitment to employee growth is evident through our extensive career development programs and flexible working arrangements, ensuring that you can thrive both personally and professionally. With a competitive compensation package and a focus on inclusivity, we empower our team to make a meaningful impact while caring for their well-being and the future of our society.
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Contact Detail:

Allianz Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Underwriter Cyber (m/f) | London, UK

✨Tip Number 1

Make sure to highlight your experience in underwriting Cyber insurance specifically. Given the focus on complex and challenging exposures, showcasing any relevant case studies or examples where you've successfully managed such risks will set you apart.

✨Tip Number 2

Network with professionals in the Cyber insurance space. Attend industry events or webinars to connect with potential colleagues and brokers. Building these relationships can give you insights into the company culture and expectations.

✨Tip Number 3

Familiarize yourself with Allianz's specific offerings and value propositions in Cyber insurance. Understanding their unique approach will help you articulate how you can contribute to their goals during interviews.

✨Tip Number 4

Stay updated on the latest trends and regulations in the Cyber insurance market. Being knowledgeable about current challenges and innovations will demonstrate your commitment to the field and your ability to leverage data effectively.

We think you need these skills to ace Senior Underwriter Cyber (m/f) | London, UK

Cyber Insurance Expertise
Underwriting Skills
Risk Assessment
Negotiation Skills
Client Relationship Management
Data Analysis and Analytics
Market Knowledge of Cyber Insurance
Legal and Regulatory Understanding
Contract Development and Implementation
Communication Skills
Problem-Solving Skills
Team Collaboration
Adaptability to Market Changes
Strategic Thinking

Some tips for your application 🫡

Understand the Role: Take the time to thoroughly read the job description for the Senior Underwriter Cyber position. Understand the key responsibilities and required qualifications, so you can tailor your application accordingly.

Highlight Relevant Experience: In your CV and cover letter, emphasize your 5+ years of experience in underwriting within the Cyber segment. Provide specific examples of how you've successfully managed complex risks and developed client relationships.

Showcase Your Skills: Make sure to highlight your negotiation skills, understanding of the legal and regulatory framework, and ability to leverage data and analytics. These are crucial for the role and should be evident in your application.

Personalize Your Cover Letter: Craft a personalized cover letter that reflects your enthusiasm for the role and Allianz Commercial. Mention why you are interested in this position and how your values align with the company's commitment to inclusivity and innovation.

How to prepare for a job interview at Allianz

✨Showcase Your Cyber Expertise

Make sure to highlight your 5+ years of experience in underwriting Cyber insurance. Be prepared to discuss specific cases where you successfully evaluated complex exposures and how you contributed to profitable growth.

✨Demonstrate Relationship Building Skills

Since developing broker relationships is key, come ready with examples of how you've built and maintained strong connections with clients and brokers. Discuss any strategies you've used to enhance these relationships.

✨Prepare for Negotiation Scenarios

Expect to discuss negotiation tactics. Prepare examples of past negotiations where you achieved favorable outcomes while maintaining positive relationships. This will showcase your ability to balance business needs with client satisfaction.

✨Understand the Regulatory Landscape

Familiarize yourself with the legal and regulatory frameworks relevant to Cyber insurance. Be ready to discuss how this knowledge has influenced your underwriting decisions and how it can benefit Allianz Commercial.

Senior Underwriter Cyber (m/f) | London, UK
Allianz
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  • Senior Underwriter Cyber (m/f) | London, UK

    London
    Full-Time
    48000 - 72000 £ / year (est.)

    Application deadline: 2027-03-19

  • A

    Allianz

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