At a Glance
- Tasks: Lead cyber underwriting strategies and collaborate with teams to drive performance.
- Company: Join a leading global insurance firm with a focus on innovation.
- Benefits: Attractive salary, flexible working options, and opportunities for professional growth.
- Other info: Be part of a supportive team that values your development and success.
- Why this job: Shape the future of cyber insurance and make a real impact in a dynamic market.
- Qualifications: Extensive underwriting experience and strong communication skills required.
The predicted salary is between 60000 - 80000 £ per year.
Responsibilities
- Collaborate with Strategic Relationship & Operations functions to develop a national plan for agreement with Head of UK Underwriting.
- Communicate agreed plan to all relevant teams, monitor progress and challenge any areas of underperformance.
- Work within delegated authority levels set and agree the underwriting strategy and underwriting appetite with the Head of UK Underwriting, deal with referrals and technical issues internally and externally.
- Provide direction and technical input into maintaining a market leading proposition for Cyber.
- Make effective on-site decisions, within delegated authority, for allocated intermediaries so that work is completed efficiently.
- Work with Strategic Relationship function to support relationship building with intermediaries.
- Support the Strategic Relationship function with Broker Market Management and any technical assistance they require on Broker deals, schemes, tender processes, etc.
- Monitor and analyse relevant Management Information and Key Performance Indicators on product performance.
- Develop appropriate technical skills in teams and individuals to meet the changing needs of Munich Re Specialty Global Markets UK's trading decisions.
- Build and maintain strong internal relationships with Senior Management colleagues, Operations, Commercial and Technical functions, centralised resources and the Syndicate, other MRSG International Distribution Companies and other MR Group companies.
- Develop underwriting response and solutions to social, economic and market developments.
- Provide reports and other Management Information to the Head of UK Underwriting or MRSI (UK) Exco as and when required.
- Assist the Head of UK Underwriting on the Reserving Processes and strategy in conjunction with Munich Re Syndicate Limited (MRSL).
- Assist the Head of UK Underwriting with the Reinsurance strategy and in conjunction with MRSL.
- Assist the Head of UK Underwriting on business planning including annual planning performed in conjunction with MRSL.
- Undertake other duties as directed within the level of the job function.
- Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.
Knowledge And Skills
- Extensive knowledge of the Line of Business.
- Extensive underwriting and account management experience.
- Ability to effectively communicate and implement the strategy internally and externally.
- Ability to handle extensive and diverse referrals from internal and external sources.
- Ability to keep updated with market changes and competitor's products and services.
- Ability to mentor and educate Munich Re Specialty Global Markets UK staff in the line of business.
- Ability to lead, empower, motivate & inspire staff to reach their potential.
- Ability to analyse and interpret Management Information accurately and take appropriate action.
- Experience of process management and team management, coaching and influencing.
- Proven technical competence in an operational environment.
- Negotiating and selling skills.
- Knowledge of the Insurance market.
- Ability and willingness to travel to carry out the requirements of the job.
Cyber Underwriting Manager employer: myGwork - LGBTQ+ Business Community
At Munich Re Specialty Global Markets UK, we pride ourselves on being an exceptional employer that fosters a collaborative and innovative work culture. Our Cyber Underwriting Manager role offers not only competitive benefits and opportunities for professional growth but also the chance to work alongside industry leaders in a dynamic environment. With a commitment to employee development and a focus on maintaining a market-leading proposition, we empower our team members to thrive and make impactful contributions to the insurance landscape.
Contact Details:
myGwork - LGBTQ+ Business Community Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Cyber Underwriting Manager
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their products and services, especially in Cyber, so you can speak confidently about how you can contribute to their goals.
✨Tip Number 3
Practice your pitch! Be ready to explain your experience and how it aligns with the role of Cyber Underwriting Manager. Keep it concise but impactful – you want to leave a lasting impression.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Cyber Underwriting Manager
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Cyber Underwriting Manager role. Highlight your relevant experience in underwriting and account management, and don’t forget to showcase your ability to communicate strategies effectively.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Mention specific skills that align with the job description, like your knowledge of the insurance market and your experience with strategic relationships.
Showcase Your Achievements:When detailing your past roles, focus on your achievements rather than just responsibilities. Use metrics where possible to demonstrate how you’ve made an impact, especially in areas like performance monitoring and team development.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates!
How to prepare for a job interview at myGwork - LGBTQ+ Business Community
✨Know Your Cyber Stuff
Make sure you brush up on your knowledge of cyber underwriting and the latest trends in the insurance market. Be ready to discuss how you can contribute to maintaining a market-leading proposition for Cyber, as this will show your passion and expertise.
✨Showcase Your Communication Skills
Since the role involves collaborating with various teams and communicating strategies, practice articulating your thoughts clearly. Prepare examples of how you've effectively communicated plans or strategies in previous roles, especially when dealing with diverse stakeholders.
✨Demonstrate Leadership Qualities
This position requires you to lead and inspire teams. Think of instances where you've motivated others or driven a project forward. Highlight your ability to mentor and develop skills in others, as this will resonate well with the interviewers.
✨Be Data Savvy
Familiarise yourself with key performance indicators and management information relevant to underwriting. Be prepared to discuss how you've used data to make informed decisions in the past, as this will showcase your analytical skills and understanding of the business.
