Job Description
Senior Underwriter - Cyber & TMT (
Job Number:
12001776D20220915 )Cyber Practice
AXA XL is a lead market for Cyber Insurance and distributes the product globally. The UK & Lloyd’s portfolio is focused mostly (but not exclusively) on excess business that comes to London from all around the world, and we carefully deploy our open market capacity to specialist brokers, supported by our technical risk analysis in this ever evolving area. Cyber is now on the risk register of most (if not all) companies and we look to partner with our clients on prevention and training as well.
DISCOVER your opportunity
Are you an experienced Cyber underwriter? We have an exciting opportunity for a Senior Cyber Underwriter to join a talented and ambitious team of Underwriters to continue to build the cyber book of business.
The role includes the use of several AXA XL legal entities, including the AXA XL Lloyd’s Syndicate. The underwriting focus will be on large corporate complex cyber risks, and playing a full and active role in the dynamic London cyber market.
As a Senior / Class Underwriter you will be seen as a market leading Underwriter in your field to internal peers, Brokers and direct clients. You will be responsible for driving profitable growth of the book by providing best in class underwriting service to Clients and Brokers, and leading by example for junior team members to learn from.
You will work with an allocated range of clients within the portfolio to service their new business, renewal and policy endorsement needs, whilst maintaining a view across the wider book to ensure we are achieving the desired strategic goals for the book. You will also work with Claims and Actuarial counterparts to design innovative pricing and risk management solutions for clients, and work with Reinsurance counterparts to ensure the appropriate coverage is in place.
What will your essential responsibilities include?
- Reviewing submissions including applications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine degree of risk for each account.
- Calculating appropriate risk premium by considering the risk costs inherent to the sector, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.
- Proactively advising, assisting, servicing and following up with clients on insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements.
- Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention
- Reviewing loss control reports and managing policy endorsement requests to process any necessary changes to the policy
- Support the business planning and forecasting process; monitor financial exposure within outlined limits; monitor premium income to ensure it remains within set limits.
- Maintain awareness of all claims advised while supporting and providing input on settlement of claims.
You will report to the Head of Cyber - UK & Lloyd’s.
We’re looking for someone who has these abilities and skills:
- Significant proven Underwriting experience with demonstrable track record of writing a profitable portfolio within the line of business
- Demonstrate significant technical knowledge and experience of the industry and line of business
- Proven analytical, negotiation and sales skills
- Excellent customer service experience, including strong written and oral communication skills
FIND your future
AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.
How? By combining a strong and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
At AXA XL we are happy to talk flexible working. We are committed to building a diverse and inclusive workforce and consider flexible ways of working for every role. Talk to us about how we can make flexibility work for you.
At AXA XL our approach to corporate responsibility (CR) is the same as our approach to business; constantly seeking to provide innovative solutions to the world’s most complex problems. From offering our expertise, products and services to help build more resilient communities, to advancing understanding and response to climate change, our strategy – Our Impact. Our Future. – aligns key issues that are pertinent to our business – climate, water and financial resilience - and contributes to AXA Group’s purpose to “Act for human progress by protecting what matters.”.
- Climate: We’re reducing our carbon footprint, protecting ecosystems and exploring how our business can help build a better world.
- Water: We’re developing water resilience where it is — and will be — needed most.
- Financial resilience: We’re helping create opportunities for the unemployed and underemployed, so they can be better prepared for unexpected changes.
- Hearts in Action:We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as our “Hearts in Action” programs.
At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, while creating an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It’s about helping one another — and our business — to move forward and succeed.
- Five Business Resource Groups focused on gender, LGBTQ+, race/ethnicity, disability and inclusion with 20 Chapters around the globe
- Robust support for Flexible Working Arrangements
- Enhanced family friendly leave benefits
- Named to the Diversity Best Practices Index
- Signatory to the UK Women in Finance Charter