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Development Underwriter

Job LocationLondon
EducationNot Mentioned
SalaryCompetitive salary
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypePermanent , full-time

Job Description

New Vacancy: Development Underwriter (Cyber Team)City of London - Lloyds SyndicateSalary - £55,000 - £65,000A top Lloyds Syndicate is seeking a Development Underwriter to join their Cyber team that will assist with underwriting tasks, broker interactions and other technical areas of the business.This role is suited to someone with a strong background in Cyber or surrounding areas; Liability, PI, etc and would suit someone at an Assistant Underwriter level.Key Responsibilities

  • Develop and underwrite profitable cyber business portfolio as part of the Global Cyber Privacy and Technology Team
  • Structure tailored solutions for clients in line with underwriting appetite and commercial experience
  • Maintain key relationships and risk pipeline information with Underwriters, Brokers, and Head of Global Cyber, Privacy, and Technology
  • Monitor premium income, costs, and claims ratios to ensure alignment with strategy and take corrective action if necessary
  • Work closely with claims, marketing, and other stakeholders to evolve the cyber product and raise awareness of the brand
  • Offer exceptional service to clients through timely responses to broker submissions and queries
  • Establish and maintain knowledge of internal controls and underwriting procedures to ensure business remains within capacity
  • Underwrite insurance risks in line with the approved business plan, with peer review participation in all areas of the division.

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