Assistant Underwriter - Cyber & Tech E&O in London

• Description
• Who are we?👋

Look at the latest headlines and you will see something Ki insures. Think space shuttles, world tours, wind farms, and even footballers’ legs.

Ki’s mission is simple.

Digitally disrupt and revolutionise a 335-year-old market.

Working with Google and UCL, Ki has created a platform that uses algorithms, machine learning and large language models to give insurance brokers quotes in seconds, rather than days.

Ki is proudly the biggest global algorithmic insurance carrier.

It is the fastest growing syndicate in the Lloyd's of London market, and the first ever to make $100m in profit in 3 years.

Ki’s teams have varied backgrounds and work together in an agile, cross-functional way to build the very best experience for its customers.

Ki has big ambitions but needs more excellent minds to challenge the status-quo and help it reach new horizons.

Where you come in?

We're a fast-growing, evolving insurance and technology business, sponsored by one of the leading Lloyd’s managing agencies and leading global investment firm Blackstone.

We operate as a standalone business, trading digitally through the Ki platform with brokers in Lloyd's across more than 30 classes of business.

We're proud to have been founded alongside some of the world's best-in-class partners—including Brit, Fairfax, Blackstone, Google, UCL, and Lloyd’s.

In this role, you'll support our portfolio underwriting team in overseeing our Cyber & Tech E&O division and managing our broker relationships.

You'll collaborate closely with our underwriters to execute our underwriting strategy, prepare for and engage in broker meetings, support pricing requirements across classes, and handle queries from internal stakeholders.

You'll also play a key role in continuously reviewing bound risks and performing portfolio-level underwriting analysis, working hand-in-hand with our exposure management and actuarial teams.

Additionally, you'll deliver valuable analytical insights to the underwriting team by creating reports, sharing statistics, and delivering management information, which includes active oversight of our Salesforce pipeline data.

We'll look to you to support our underwriters in developing strong broker and client relationships, contributing directly to new and renewal business in line with our approved business plan, and helping to shape and deliver our underwriting strategy.

We want you to continuously challenge how we do things.

You'll investigate ways to streamline and enhance our processes, working alongside our portfolio underwriters, portfolio management, actuarial, operations, and exposure management teams, as well as external partners, to make sure we're always getting better.

• What you will be doing: 🖋️
• Underwriting, strategy and planning
• Support the Cyber & Tech E&O underwriting team, as well as working collaboratively with the various analytical functions at Ki
• Prepare pricing information for Underwriters ahead of facility/binder renewals, referring to underwriting and actuarial as appropriate, and leveraging traditional actuarial and machine learning approaches to support Ki’s model.
• Maintain key broker relationships in conjunction with Underwriting. Liaising with brokers/clients on queries and feeding information back internally.
• Establish and maintain knowledge of internal controls and all procedures relating to underwriting.

Ensuring that business is being carried out within underwriting control framework and approved business plan, subject to individual authorisation levels, referring to the Portfolio Underwriter as appropriate.

• Work cross-functionally with other team members to identify and implement opportunities for streamlining underwriting process, including better data capture and improved portfolio insights.
• Distribution and engagement
• Execute & deliver Ki’s underwriting and distribution strategies.
• Take an active role in managing the triage and engagement on Ki’s renewal portfolio, by leading (or co-leading) weekly pod meetings with a demonstrated understanding of Ki’s strategy and appetite, to help identify business priority workstreams.

• To include

• Triage and identification of opportunities using the client relationship management tool (Salesforce) to facilitate the creation of bespoke strategy and engagement plans.
• Maintenance, co-ordination and delivery of broker communications.
• Support Broking houses with new platform releases, broker onboarding, and platform demos.
• Ensure that broker feedback and requests are effectively recorded and referred to the Underwriters to drive continuous improvements to Ki’s products and services.
• Support in regular Portfolio Trading updates and portfolio retros to ensure key senior stakeholders are updated and satisfied with direction and performance.
• Coaching, development and support of early-career or less-experienced team members, providing guidance and sharing of market knowledge.
• Compliance
• Recording & Reporting - Assist the Portfolio Underwriters and Underwriters in ensuring that recording and reporting of relevant information is done within regulatory boundaries.
• Regulatory Issues - Ensure that all risks are written within regulatory guidelines, and any breaches from policies are effectively escalated in a timely manner.
• Ki team
• Work cross-functionally with other team members to support the delivery of new revenue opportunities and product development for Ki.
• Work on company-wide projects, developing an understanding of the development, algorithm, and engineering teams.
• Support on ad hoc projects as required

Requirements

• Degree level education or equivalent professional experience, combined with a willingness to undertake continuous personal and professional development
• ACII/IFOA qualified, or progressing towards the professional qualification
• Relevant experience in the London Market of at least 3 years, with experience pricing risks and programs
• Sound knowledge of broader commercial insurance practices, with knowledge of Cyber & Tech E&O
• Commercially aware, with a knowledge of the insurance market and external changes which would impact on our business
• Sound knowledge of regulatory and legal compliance issues
• Excellent numeric, analytical and written skills
• Excellent communication skills, both written and oral with the ability to communicate with colleagues at all levels
• Advanced level IT skills, including Microsoft Word, Excel and Outlook
• Experience of producing reports and management information

Benefits

Benefits

You’ll get a highly competitive remuneration and benefits package.

This is kept under constant review to make sure it stays relevant.

We understand the power of saying thank you and take time to acknowledge and reward extraordinary effort by teams or individuals.

What to expect during the recruitment process

• Initial recruiter screening call
• Interview with hiring manager
• Technical Interview (this may vary depending on the role)
• Values Interview