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Cyber Underwriting Manager

Location London, United Kingdom Job type Full-Time Work mode Hybrid Job level Professional Job ID 13225 Company Munich Re Specialty - Global Markets Employment type Regular Area of expertise Claims & Underwriting
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Responsibilities:

  • Collaborate with Strategic Relationship & Operations functions to develop a national plan for agreement with Head of UK Underwriting
  • Communicate agreed plan to all relevant teams, monitor progress and challenge any areas of under performance
  • Work within delegated authority levels set and agree the underwriting strategy and underwriting appetite with the Head of UK Underwriting, deal with referrals and technical issues internally and externally.
  • Provide direction and technical input into maintaining a market leading proposition for Cyber.
  • Make effective on-site decisions, within delegated authority, for allocated intermediaries so that work is completed efficiently.
  • Work with Strategic Relationship function to support relationship building with intermediaries.
  • Support the Strategic Relationship function with Broker Market Management and any technical assistance they require on Broker deals, schemes, tender processes, etc.
  • Monitor and analyse relevant Management Information and Key Performance Indicators on product performance.
  • Develop appropriate technical skills in teams and individuals to meet the changing needs of Munich Re Specialty Global Markets UK’s trading decisions.
  • Build and maintain strong internal relationships with Senior Management colleagues, Operations, Commercial and Technical functions, centralised resources and the Syndicate, other MRSG International Distribution Companies and other MR Group companies
  • Develop underwriting response and solutions to social, economic and market developments.
  • Provide reports and other Management Information to the Head of UK Underwriting or MRSI (UK) Exco as and when required.
  • Assist the Head of UK Underwriting on the Reserving Processes and strategy in conjunction with Munich Re Syndicate Limited (MRSL).
  • Assist the Head of UK Underwriting with the Reinsurance strategy and in conjunction with MRSL.
  • Assist the Head of UK Underwriting on business planning including annual planning performed in conjunction with MRSL.
  • A good knowledge of Munich Re Specialty Global Markets UK & Munich Re Group’s policies & protocols.
  • Undertake other duties as directed within the level of the job function.
  • Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders

Knowledge and Skills

  • Extensive knowledge of the Line of Business.
  • Extensive underwriting and account management experience.
  • Ability to effectively communicate and implement the strategy internally and externally.
  • Ability to handle extensive and diverse referrals from internal and external sources.
  • Ability to keep updated with market changes and competitor’s products and services.
  • Ability to mentor and educate Munich Re Specialty Global Markets UKstaff in the line of business.
  • Ability to lead, empower, motivate & inspire staff to reach their potential.
  • Ability to analyse and interpret Management Information accurately and take appropriate action.
  • Experience of process management and team management, coaching and influencing.
  • Proven technical competence in an operational environment.
  • Negotiating and selling skills.
  • Knowledge of the Insurance market.
  • Ability and willingness to travel to carry out the requirements of the job.

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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