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Senior Underwriter, Cyber Risk Management
2 months ago
Senior Underwriter, Cyber Risk Management
Remote | USA
AXA XL is at the forefront of providing cyber insurance and technology professional liability solutions, catering to a diverse clientele ranging from emerging startups to established Fortune 500 companies. This sector has been recognized by AXA XL as a pivotal growth area, offering outstanding opportunities for the successful underwriter to enhance their professional profile and progress in their career.
As the landscape of digital threats evolves, becoming increasingly sophisticated and challenging to identify, our commitment to innovation in delivering customized solutions for complex risks has solidified AXA XL's status as a market leader. The growing reliance on technology introduces greater vulnerabilities, with data breaches posing significant risks to the integrity of financial, customer, employee, and proprietary information. Moreover, cyber-attacks can disrupt business operations at any moment.
We are pleased to present an opportunity for a Senior Underwriter to join our Cyber – Large Accounts underwriting team, which represents our premier portfolio and continues to expand dynamically. The selected candidate will manage a renewal portfolio while generating new business through exemplary underwriting practices across North America.
Key Responsibilities
- The Senior Underwriter will develop and implement a strategic business plan aimed at expanding the current Large Accounts portfolio, in alignment with the overarching Cyber business strategy.
- Support the achievement of profitable premium and rate objectives, collaborating with actuarial and claims teams to ensure results align with financial targets.
- Work collaboratively across various business units and functions to utilize existing resources for underwriting, managing, and servicing a cyber and technology renewal portfolio while generating new business in line with Cyber underwriting unit goals.
- Exercise independent judgment and discretion in the assessment and evaluation of risk.
- Engage in discussions regarding risk assessment and management.
- Negotiate with producers within the scope of delegated authority and established underwriting standards to meet profit objectives.
- Foster and strengthen relationships with assigned brokers and clients to identify and establish new distribution channels.
- Maintain in-depth knowledge of products, services, priorities, and target markets to effectively assist clients in identifying concealed cyber risks.
- Enhance the company's reputation by participating in industry conferences and events, while also taking leadership roles in client and broker meetings to educate on the evolving landscape of cyber risk.
- Ensure compliance with all internal and external underwriting guidelines and legal standards.
The role will report to the Head of Large Accounts Standard.