We are a globally operating specialty insurer with offices in North America, the United Kingdom, Europe, and Asia, serving both corporate and private clients. Beazley Europe is part of the Beazley Group and benefits from the same strong financial ratings.
Job Title: Underwriter – Cyber Risks Division: Brokers, underwriters, claims, wordings, insureds, external clients and suppliers
To underwrite an Cyber Risks account within the International Cyber Risks team. Develop and underwrite a profitable portfolio of Cyber Risks business as part of the Cyber Risks team with a focus on German markets
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
Maintenance of good business relationships with brokers.
Production of business plans/research documents for the Cyber Risks account as required.
Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
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) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley's underwriting control standards, Beazley's claims control standards, other Beazley standards and customer relationship management.
Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. Fluency in German and English – written and spoken