Cyber Underwriter
4 weeks ago
We are seeking a highly skilled Cyber Underwriter to join our team at AXIS Capital. As a Cyber Underwriter, you will be responsible for analyzing and underwriting individual risks, developing appropriate limit structures, and making recommendations to supervisors.
The ideal candidate will have a strong background in underwriting and/or brokering for professional liability, with a focus on cyber and technology. They will possess excellent communication and interpersonal skills, with the ability to establish strong relationships with brokers and clients.
This is a hybrid role, with three days per week spent in our Chicago office and regular travel to engage with brokers and clients. The successful candidate will be able to develop and update product and underwriting knowledge, participate in prospecting, and review and evaluate new business opportunities.
We offer a comprehensive benefits package, including medical plans, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and more. The salary range for this position is $80,000 to $95,000, with competitive incentive targets and awards based on overall corporate and individual performance.
Key Responsibilities- Analyze and underwrite individual risks
- Develop appropriate limit structures, retention, pricing, and endorsements within underwriting guidelines
- Refer to supervisor for approval
- Continue to develop and update product and underwriting knowledge
- Participate in prospecting by identifying new business targets and making strategy recommendations to supervisors
- Review and evaluate primarily new business based on company underwriting guidelines, competition, and geographic focus
- Develop strategy and make recommendations
- Review coverage requests provided by the agent and determine the department's position regarding such requests within the individual authority granted
- Present those requests outside the individual authority to the immediate supervisor for approval or guidance
- Cross-sell with Professional Liability Practice and other business units
- Perform the required number of broker marketing calls, including out-of-state travel
- Solicit new accounts, gather market intelligence, and deliver up-to-date department information on products and services
- Maintain up-to-date familiarity with economic and legal factors impacting the department's business lines and the insurance industry
- A minimum of two years' experience in underwriting and/or brokering for professional liability; cyber & technology background is preferred
- An executive presence, demonstrating success in communicating, influencing, and building solid relationships that add value to the AXIS book of business and contribute to longer-term strategic initiatives
- Bachelor's degree in accounting, mathematics, finance, risk management, insurance, or a related field preferred
- Strong presentation and interpersonal skills
- Ability to establish broker relationships within the assigned region
- Proficiency in Microsoft Office suite applications (Outlook, Word, Excel, and PowerPoint)
- Excellent negotiation skills and strong marketing abilities
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