Cyber Underwriter

Cyber Underwriter

London Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Support and expand our Cyber insurance portfolio while managing client and broker relationships.
  • Company: Join Everest Group, a leading global reinsurance and insurance provider with a strong focus on innovation.
  • Benefits: Enjoy flexible work arrangements, generous tuition reimbursement, and dynamic professional development opportunities.
  • Why this job: Be part of a unique culture that values collaboration, inclusion, and making a positive impact.
  • Qualifications: Experience in underwriting Cyber insurance and knowledge of UK and European insurance markets required.
  • Other info: This role offers a hybrid work schedule with two remote days each week.

The predicted salary is between 43200 - 72000 £ per year.

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Everest Group, Ltd. (Everest), is a leading global reinsurance and insurance provider, operating through subsidiaries in North America, Latin America, the UK & Ireland, Continental Europe and Asia Pacific regions. Throughout our history, Everest has maintained its discipline and focuses on creating long-term value through underwriting excellence and strong risk and capital management. Our strengths include extensive product and distribution capabilities, a strong balance sheet, and an innovative culture. Our most critical asset is our people. We offer dynamic training & professional development to our employees. We also offer generous tuition/continuing education reimbursement programs, mentoring opportunities, flexible work arrangements, and Colleague Resource Groups.

This position is based in our London office with a hybrid schedule that has the option of working two days remotely each week.

Role Purpose:

To support the development, marketing, relationship management (both client and broker) of our Cyber relationships and portfolio.

Build and expand the UK and Ireland Cyber portfolio(s) in line with Everest International plans and underwriting strategy, whilst maintaining a focus on bottom line underwriting profit and delivery of Everest International plans.

Key Accountabilities:

Working within the authority granted, writing a profitable book of Cyber business per the Everest International Underwriting guidelines.

To refer as appropriate risks exceeding prescribed underwriting authority.

Expand and maintain existing Broker relationships along with other sources of distribution. Developing new relationships, where this is consistent with the objectives set in the Business Plan.

Strategically collaborate with underwriting and distribution leaders across all Everest products with respect to Cyber risk and products.

To liaise with the Claims Manager on claims related issues and participate in account and management reviews, as required.

To participate in the underwriting peer review process at weekly and monthly underwriting meetings, as required.

To contribute to the regular analysis and review of underwriting practices and procedures.

To assist as required in the improvement of the management information systems, service standards, marketing materials, website and risk management and claims functions connected to the Everest Cyber practice.

Effectively communicate with management on all issues both within and outside the Unit as needed.

Marketing Everest International in the UK & Ireland through contributing to articles and representing Everest at conferences as speaker or panel member.

Collaborate with Everest colleagues in the International office locations, as well as in North America.

Professional Experience:

Good understanding of underwriting in the UK and European insurance marketplaces.

In-depth knowledge and experience of Underwriting Cyber insurance products.

Knowledge of relevant laws and regulations.

Skills & Abilities

Strategic skills – determines opportunities and threats through comprehensive analysis of current and future trends. Comprehends the big picture.

Judgment / decision making skills – ability to use logic rationality and objectivity in decision making.

Risk taking – ability to take calculated risks with favorable outcomes. Excellent negotiation skills.

Compliance – ability to ensure compliance with all internal and external management and regulatory controls.

Excellent market and product knowledge – maintain and develop market knowledge including competitor profiles and products.

Relationship building – ability to establish and maintain excellent relationships both internally and externally.

Leadership skills – ability to provide clear vision and strategy. Align, empower, and influence others through ideas, encouragement, and insight.

Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Clickto learn more about our culture.

  • Our Valuesare the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.
  • Our Colleague Behaviorsdefine how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.

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Cyber Underwriter employer: Everest Advisors (UK), Ltd.

Everest Group, Ltd. is an exceptional employer that prioritises the growth and development of its employees while fostering a dynamic and inclusive work culture. Based in London, the Cyber Underwriter role offers a hybrid working model, generous professional development opportunities, and a commitment to employee well-being through flexible arrangements and comprehensive support programs. Join us to be part of a forward-thinking team that values collaboration, innovation, and long-term success.
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Contact Detail:

Everest Advisors (UK), Ltd. Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Cyber Underwriter

✨Tip Number 1

Familiarise yourself with the latest trends in Cyber insurance. Understanding current market dynamics and emerging risks will not only help you in interviews but also demonstrate your commitment to the field.

✨Tip Number 2

Network with professionals in the Cyber insurance space. Attend industry events, webinars, or local meetups to build relationships with potential colleagues and brokers, which can give you an edge in your application.

✨Tip Number 3

Showcase your strategic thinking skills by preparing examples of how you've identified opportunities or mitigated risks in previous roles. This will align well with Everest's focus on strategic skills and decision-making.

✨Tip Number 4

Research Everest Group’s values and culture thoroughly. Tailor your conversations during interviews to reflect how your personal values align with theirs, particularly around collaboration and inclusion.

We think you need these skills to ace Cyber Underwriter

Underwriting Expertise
Cyber Insurance Knowledge
Risk Assessment Skills
Regulatory Compliance Understanding
Strategic Analysis
Decision-Making Skills
Negotiation Skills
Market Research and Analysis
Relationship Management
Leadership Skills
Communication Skills
Collaboration Skills
Problem-Solving Skills
Adaptability
Presentation Skills

Some tips for your application 🫡

Understand the Role: Before applying, make sure to thoroughly read the job description for the Cyber Underwriter position. Understand the key accountabilities and required skills, as this will help you tailor your application to highlight relevant experiences.

Tailor Your CV: Customise your CV to reflect your experience in underwriting, particularly in Cyber insurance products. Highlight any relevant achievements or projects that demonstrate your strategic skills and relationship-building abilities.

Craft a Compelling Cover Letter: Write a cover letter that not only expresses your interest in the role but also showcases your understanding of Everest's values and culture. Mention how your skills align with their goals and how you can contribute to their Cyber portfolio.

Proofread Your Application: Before submitting, carefully proofread your application materials. Check for spelling and grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail and professionalism.

How to prepare for a job interview at Everest Advisors (UK), Ltd.

✨Understand the Cyber Insurance Landscape

Before your interview, make sure you have a solid grasp of the current trends and challenges in the cyber insurance market. Familiarise yourself with key players, emerging risks, and regulatory changes that could impact underwriting practices.

✨Showcase Your Relationship Management Skills

Since building and maintaining broker relationships is crucial for this role, prepare examples from your past experiences where you've successfully developed professional relationships. Highlight your negotiation skills and how you've navigated complex discussions.

✨Demonstrate Strategic Thinking

Be ready to discuss how you identify opportunities and threats in the market. Use specific examples to illustrate your ability to analyse data and make informed decisions that align with business objectives.

✨Align with Everest's Values

Familiarise yourself with Everest's core values and behaviours. During the interview, reflect these values in your responses, showing how you embody principles like collaboration, inclusion, and leadership in your work.

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