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Job Title:Underwriter – Cyber Risks
Division:Cyber Risks
Key Relationships:Brokers, underwriters, claims, wordings, insureds, external clients and suppliers
Job Summary:Dutch speaking Underwriter required to underwrite a Cyber Risks account within the International Cyber Risks team, focused on the BENELUX markets. Provide technical expertise in this business area and provide counsel and advice on underwriting related issues. Maintain and improve market reputation of the Beazley brand.
Key Responsibilities:Underwriting: Develop and underwrite a profitable portfolio of Cyber Risks business focused on the Benelux region. Structure tailor-made solutions by considering the team underwriting parameters and underwriting policy and using underwriting knowledge and experience to win new business and retain existing.Manage innovation and development of non-insurance service offerings to insureds and others.Monitor premiums, costs and claims ratios per contract and take corrective measures if necessary to ensure long term profitability at account level.Evaluate appropriate risk premium by considering the risk costs, reinsurance cessions, capital exposure as well as the underwriting and general administration costs to ensure profitability, using rating models as applicable.Monitor peer underwriters in their daily work to ensure profitability as well as efficient and cost-effective administration of the Cyber Risks.Monitor and supervise assistants in their daily work to ensure compliance with underwriting philosophy and policy and consistency within the team and Cyber Risks.Comply with Beazley's underwriting control standards for business written through Lloyd's, Beazley's international subsidiaries or Beazley's internal MGAs.Develop a good working relationship with the claims managers on this class of business.Client Management:Advise, assist and service clients on insurance and risk matters to ensure clients' satisfaction.Foster positive relationships with clients to get a mutual understanding of both their and Beazley's needs.Maintenance of good business relationships with brokers.Maintain awareness of overall Beazley product range and take advantages of opportunities to introduce other Beazley products to clients.General:Leverage networking opportunities within the business to develop standardized underwriting policy and best practice within Beazley.Develop best practice and disseminate business and class knowledge within the Cyber Risks.Work with peers within Cyber Risks to maximize business opportunities and profitability within the department.Share and gather knowledge within the Beazley Group to ensure dissemination of best practice and maximize business opportunities and profitability across the Group.Production of presentations and marketing literature as required.Production of business plans/research documents for the Cyber Risks account as required.It is important that within all your interactions both internally and externally you adhere to Beazley's core values - Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers.
Expectations:Comply with Beazley procedures, policies and regulations including the code of conduct, which incorporates the PRA and FCA Conduct.Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit).Display business ethics that uphold the interests of all our customers.Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit).Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system.Personal Specification:Skills & Abilities:Fluency in DutchProficient underwriting skillsAccurate and numerateStrong analytical skills with attention to detailAble to communicate effectively with others, both verbally and in writingAbility to manage time, meet deadlines and prioritiseMotivational skillsKnowledge & Experience:General commercial and financial knowledgeExperience of Benelux marketsExperience of Cyber underwriting or brokingThorough knowledge of underwriting policy, philosophy and practiceAdvanced knowledge of underwriting processes and systemsClient service experienceAptitude & Disposition:Result focused, self-motivated, flexible and enthusiasticProfessional approach to interact successfully with managers/colleagues/external suppliersTeam worker as well as able to work on own initiativeCustomer focused, with a strong ethic of service and fairness to the customerCompetencies:Achievement driveAnalytical thinkingStrategic thinkingService focusTeam workingConceptual thinkingForward thinking#LI-DNI
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