Job Specifications
This job is with Munich Re, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.
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. We overlay these underwriting activities with support from our Client Management and Claims & Operations units.
Our clients are complex, diverse, and domiciled across the world. Therefore, we also need to be global, and we do this by positioning staff in strategic markets and locations as well as travelling to meet clients. Close contacts are very important.
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 guideline
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
Competencies
Drives results (we think big) – you consistently achieve results even under tough circumstances, with the organisation’s performance in the front of your mind. You make good and timely decisions to keep things moving, using analysis, experience and judgement.
Business insight (we think big) – you can apply your knowledge of the business and the market to advance your business’ and wider organisation’s goals.
Collaboration (we lead the ‘we’) – you identify opportunities and bring the right people together to work on a common goal, encouraging diversity of opinion, whilst maintaining clarity and unity of direction.
Client focus (we grow with our clients) – you build and maintain strong client relationships (internal and external), listening to their needs and working with them to ensure value is created.
Cultivates innovation (we grow with our clients) – you create new and better ways for Munich Re to be successful e.g., generating ideas, creating efficiencies, harnessing new technology etc.
Courage (we care and dare) – you are willing to challenge the status quo and address difficult issues, saying what you believe needs to be said. You also continue to operate effectively even when things are uncertain and the way forward is unclear.
Persuades (we are clear and authentic) – you use clear and compelling arguments to gain the support, enthusiasm and commitment of others, whilst ensuring you take time to actively listen to the diversity of views and opinions.
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 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 a
About the Company
myGwork is the largest global platform for the LGBTQ+ business community.
Our mission is to make the workplace more inclusive for all by providing individual users and partner organizations access to a wide eco-system of services, including job opportunities, training, mentoring, employer branding, and free community events. Joining the platform is free for individual members, which supports myGwork's goal of ensuring that the platform's benefits are as accessible and as far-reaching as possible. Corporate members get a tai...
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