Cyber Underwriter

Join to apply for the Cyber Underwriter role at myGwork - LGBTQ+ Business Community. This job is with Munich Re, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community.

Together, we engage with everything we have and are, to help humankind act braver and better.

About Facultative & Corporate: Munich Re’s large, international network of experts places us in a strong position to develop solutions for highly complex risks. The sectors we serve and the solutions we offer are diverse, but they all share one thing in common: the substantial financial foundation of Munich Re. We write both traditional and non-traditional insurances through lines of business; namely, Cyber, Property, Energy, Casualty, Engineering, and what we term Special Enterprise Risks.

About The Role: Underwriting Cyber Insurance business for large and/or complex industrial accounts, in accordance with Munich Re guidelines and the Cyber Solutions London Market strategy. This includes assisting with risk assessment and analysis, coverage evaluation, pricing and contract negotiations and account administration.

Key Responsibilities:

• Acquiring and underwriting cyber and technology insurance risks for large industrial and corporate clients, including all tasks associated with risk and coverage analysis such as pricing and contract negotiations, in line with Munich Re guidelines.
• Further developing a portfolio of profitable cyber-related business and seizing new business opportunities by actively managing broker and client relationships.
• Attending client and market-wide cyber meetings, and discussing and evaluating clients’ individual cyber exposure.
• Promoting F&C and Munich Re’s cyber capabilities in client and broker meetings, conferences and market events and establishing Munich Re as a reliable, responsible and knowledgeable partner.
• Collaborating with other F&C Cyber teams in Munich and the US to execute the single global F&C Cyber Solution strategy.
• Working within a close-knit network of cyber experts in Munich Re and participating in challenging global projects with other Cyber teams and central interfaces.

Key Skills & Experience:

• Ability to build and maintain relationships with clients, brokers and internal stakeholders.
• Excellent written and oral communication skills, including presentation skills.
• Excellent negotiation and relationship skills.
• Collaborative and team-minded work attitude, ability to work in a team and independently.
• Ability to make decisions based on logic, risk and commercial aspects, solution-based work approach.
• High level of commitment and ability to work under pressure.
• Accuracy and diligence.
• High degree of self-motivation and willingness to learn.

Qualifications And Educational Requirements:

• University degree in IT security or computer sciences, other technical degree or university degree, economics, law, or other, IT-security certifications, e.g. CISSP, or similar.
• Alternatively, experience in the London market or other insurance markets underwriting or broking cyber, liability or property insurance for large industry risks.

Thought Leaders: You are seen as an expert in your field and will be the ‘go to’ person for your area of specialism within Munich Re. You will be seen as a role model/mentor to others – identifying opportunities to share your knowledge with others. You will demonstrate and role model inclusive behaviour and encourage your colleagues to play an active role in creating an inclusive culture as well. You will treat your colleagues and sales and business partners fairly and with respect.

Regulatory & Conduct Requirements:

• Understanding the responsibilities and adhering to the requirements of undertaking a regulated role under the Senior Manager and Certification Regime.
• Ensure compliance with Insurance Distribution Directive.
• Satisfying all regulatory reporting requirements in collaboration with the reporting function.
• Liaising with all relevant regulatory bodies in the UK, creating a highly credible reputation and strong, collaborative relationship.
• Ensuring compliance with Munich Re’s Code of Conduct and the FCA Conduct Rules.

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

Seniority level: Entry level

Employment type: Full-time

Job function: Finance and Sales

Industries: London, England, United Kingdom