About the position
AXA XL provides cyber insurance and technology professional liability on an open brokerage basis to start-up firms all the way up to the Fortune 500. This class has been identified by AXA XL as an exciting growth area with excellent prospects for the successful underwriter to grow their profile and advance their career. As digital threats grow more sophisticated, malicious, and hard to detect, our focus on innovation in providing tailored solutions to complex risks has earned AXA XL the reputation as a market leader. An increased dependence on technology brings increased vulnerabilities. Data breaches threaten the security of financial, customer, employee, and other proprietary data, and at any time, a cyber-attack can disrupt a company's operations. We have an exciting opportunity for an Underwriter to join our Cyber - Large Accounts underwriting team, our preeminent portfolio, which continues to be a rapidly growing and dynamic segment. The individual will be responsible for servicing a renewal book and producing new business through exceptional underwriting practices throughout North America. The Underwriter II will be responsible for building and executing a business plan to expand the existing Large Accounts portfolio, aligning within the overall Cyber business strategy. They will assist in achieving profitable premium and rate goals, working with actuarial and claims, and successfully delivering results consistent with the financial plan. The role involves collaborating across business units and functions to leverage existing resources to underwrite, manage, and service a cyber and technology renewal book and produce new business in accordance with the Cyber underwriting unit goals. The Underwriter will exercise discretion and independent judgment in the analysis and evaluation of risk, participate in roundtable discussions on risk assessment, and negotiate with producers within the limits of delegated authority and in accordance with established underwriting standards to achieve profit objectives. Building and enhancing relationships with assigned brokers and clients to identify and establish new distribution relationships is also a key responsibility. The Underwriter will maintain expertise with the products, services, priorities, and target markets to more effectively enable clients to uncover hidden cyber risks and promote the company's expertise by participating in industry conferences and events while regularly conducting and taking leadership roles in client and broker meetings to educate on evolving cyber risk. Compliance with all internal and external underwriting guidelines and legal requirements is essential.
Responsibilities
- Build and execute a business plan to expand the existing Large Accounts portfolio.
- Assist in achieving profitable premium and rate goals, working with actuarial and claims.
- Collaborate across business units and functions to underwrite, manage, and service a cyber and technology renewal book.
- Exercise discretion and independent judgment in the analysis and evaluation of risk.
- Participate in roundtable discussions on risk assessment.
- Negotiate with producers within the limits of delegated authority to achieve profit objectives.
- Build and enhance relationships with assigned brokers and clients to identify and establish new distribution relationships.
- Maintain expertise with products, services, priorities, and target markets to uncover hidden cyber risks.
- Promote the company's expertise by participating in industry conferences and events.
- Conduct and take leadership roles in client and broker meetings to educate on evolving cyber risk.
- Maintain compliance with all internal and external underwriting guidelines and legal requirements.
Requirements
- A bachelor's degree or equivalent.
- Moderate to extensive experience within Cyber and Technology underwriting or underwriting experience in another area with a robust understanding of data security, privacy, cyber, and information risk.
- Ability to travel a minimum of 15% of the time.
Nice-to-haves
- Exceptional organizational and time management skills with the ability to perform accurate mathematical calculations.
- Excellent collaborative skills in a fast-paced team-centric environment.
- Outstanding interpersonal, presentation, written, and verbal communication skills.
- Ability to demonstrate critical thinking, decision making, and problem-solving skills.
Benefits
- Competitive retirement savings plan.
- Health and wellness programs.
- Wide range of learning opportunities for professional skills development.
