Underwriting Cyber Insurance business for large and/or complex industrial accounts, in accordance with Munich Re guidelines and the Cyber Solutions London Market strategy.

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This includes assisting with risk assessment and analysis, coverage evaluation, pricing and contract negotiations and account administration.

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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

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Competencies:

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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.

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   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

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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

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