Product Underwriting Lead - Cyber

Company: American Modern Insurance Group
Location: Hartford
Posted on: May 3, 2021

Job Description:

Job Description

Highest level of underwriting expertise at HSB. Develop and deploy expertise to impact underwriting behavior. Responsible for underwriting strategies, guidelines, and protocols that drive business results and accountable for underwriting performance of cyber products from a profit perspective, as measured by loss ratio, by product segment and distribution channel. Provide product technical underwriting expertise for HSB, in all markets for a specific product set. Own, lead, set and monitor underwriting strategy for a product set. Define information and processes required to support their assigned products and bears accountability for the underwriting performance of these products across distribution methods, occupancies, and exposures. Partner with product managers globally, wording and pricing experts, Division CUOs and other underwriting leaders and set underwriting direction on product strategy, product enhancements and day to day underwriting issues. Drive strategy through deep understanding of the product, coverages, pricing, the underwriting processes used in all distribution methods and provides a forward looking, objective analysis and resolution of complex underwriting issues using data driven decision making. Balances strategy and execution/customer focus. Collaborate with field underwriting and client management to ensure underwriting meets business needs. Monitor product underwriting performance and market, legal, technological & environmental issues and trends and provides underwriting expertise to drive product enhancements and adjustments to guarantee profitable underwriting.

Qualifications

Education and Experience:

• Bachelor's Degree in Insurance, Business Administration, Economics, Computer Science, Engineering or related field or equivalent work experience is required
• An advanced degree (Masters/MBA) or Insurance accreditation (CPCU) is desirable
• 10+ years experience in underwriting or other relevant insurance experience

Knowledge and Skills:

• Deep expert understanding of underwriting products, methods and risk management and ability to apply them to solve problems and drive profitable results
• Strong knowledge and understanding of commercial, personal lines insurance and reinsurance coverage, concepts, principles, exposures, processes and knowledge of occupancy exposure
• In depth knowledge of property, equipment breakdown, cyber, identity theft insurance products
• Highly proactive, with a high degree of initiative, and naturally curious and inquisitive to identify issues and decisively solve problems, influence change and provide advice and consultation on complex coverage issues
• Strong analytical, innovation and persuasion skills to influence change
• Naturally curious and inquisitive to identify issues and decisively solve problems. Resourceful to research issues, assemble support and provide creative solutions to complex underwriting issues
• Understands the organization's structure and exhibits a high degree of courage to influence stakeholders, resolve and manage conflict and implement underwriting improvements that lead to positive underwriting results
• Familiarity with data driven decision making and ability to translate complicated concepts into pragmatic solutions for the business
• Strategic vision while maintaining day to day customer focus
• Superior interpersonal and communication skills

At Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers the most innovative products and services.

We are an equal opportunity employer. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Employment Type

Full Time

Additional Information

We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

The work environment characteristics, and any physical and mental requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.

Keywords: American Modern Insurance Group, Hartford , Product Underwriting Lead - Cyber, Other , Hartford, Connecticut