Zurich NA Cyber Underwriting Lead in Saint Paul, Minnesota
Cyber Underwriting Lead
Cyber attacks are major threats for companies and individuals and represent roughly $2 billion in premiums and expected to growth rapidly in the next few years.
Zurich Global Ventures is looking for a Cyber Underwriting Lead who uses knowledge, experience, and judgment to determine the most appropriate market placement for a wide variety of admitted and non-admitted cyber risks.
The Cyber Underwriting Lead is responsible for building effective and productive relationships for Zurich and will help us grow Affinity and Carrier partnerships to establish and grow a profitable book of business, across the globe. This role will also work in close collaboration with our Portfolio partners.
If you are an independent, high-achieving individual, who is able to excel through self-motivation and personal drive, we’d love to work with you.
Collaborate with Local Business Units and our Portfolio partners to develop cyber solutions, and lead the development of coverage, T&Cs, and UW guidelines
Prepare business cases for New business opportunities with distribution partners
Evaluate the loss potential due to catastrophe, severity, and/or frequency.
Interact with potential clients and partners to understand their needs, and validate product market fit.
Partner with Sales Teams (Zurich and our Portfolio partners) to build rating plans and risk segmentation
Collaborate with local Insurance Operations, Legal and Compliance to secure regulatory approval
Evaluate policies and schemes for renewal consideration and recommend appropriate price or coverage adjustments based on prior policy experience.
Acts as a resource to Local business units and our Portfolio partners teams by answering questions, helping solve problems, and assisting with orientation, training, and ongoing development.
We are hiring this position at an AVP or VP Level
Basic Qualifications at the AVP Level:
High School Diploma or Equivalent and 7 or more years of experience in the Underwriting or Market Facing or Broker or Risk Management area within the Insurance industryOR
High School Diploma or Equivalent and 14 or more years of experience in the Claims or Underwriting Support areaOR
Zurich Certified Insurance Apprentice including an Associate Degree and 5 or more years of experience in the Underwriting or Market Facing areaOR
Zurich Certified Insurance Apprentice including an Associate Degree and 12 or more years of experience in the Claims or Underwriting Support areaAND
Experience with Cyber Insurance
Basic Qualifications at the VP Level:
Bachelor’s Degree and 10 or more years of experience in the Underwriting or Market Facing or Broker or Risk Management area within the Insurance industryOR
Bachelor’s Degree with 20 or more years of experience in Claims or Underwriting Support area within the Insurance industryAND
Experience with Cyber Insurance
Bachelor’s Degree in risk management, finance, or like majors
5 or more years of experience placing both admitted and non-admitted business
Demonstrated experience in standard underwriting practices and procedures
Effective communication, negotiation, and collaboration skills
Strong analytical skills with attention to detail
Comprehensive knowledge of insurance coverage forms and their application to exposure
Working knowledge of applicable Insurance Department regulations and policies
Ability to work independently and carry out assignments to completion within parameters of instructions given
Existing affinity and carrier relationships and knowledge of High Net Worth/Private Client business
Knowledge of personal lines rating platforms
Proficiency in Microsoft Office applications (Work, Excel, PowerPoint, Outlook)
Applicable Only to Jobs to be Performed in New York City
The salary range for this role at the Market Facing Underwriter AVP level is $127,400-$159,200. The salary range for this role at the Market Facing Underwriter VP level is $186,900-$233,600. This is the range Zurich NA in good faith believes is the range of possible compensation for this role at the time of the posting. This range is only applicable for jobs to be performed in New York City. Base pay offered may vary depending on, but not limited to education, experience, skills, geographic location, travel requirements, sales or revenue-based metrics, and business needs. This range may be modified in the future. This job is also bonus eligible. No amount is considered to be wages or compensation until such amount is earned, vested, and determinable.
As a condition of employment at Zurich, employees must adhere to our COVID-related health and safety protocols ( https://www.zurichna.com/careers/faq ), including, without limitation, a requirement that employees attest as to their vaccination status with a YES/NO, and upload proof of vaccination status, or a negative COVID test result when applicable, to a third-party vendor. These protocols are continuously re-evaluated and the requirements may change at any time.
A future with Zurich. What can go right when you apply at Zurich?
Now is the time to move forward and make a difference. At Zurich, we want you to share your unique perspectives, experiences and ideas so we can grow and drive sustainable change together. As part of a leading global organization, Zurich North America has over 150 years of experience managing risk and supporting resilience. Today, Zurich North America is a leading provider of commercial property-casualty insurance solutions and a wide range of risk management products and services for businesses and individuals. We serve more than 25 industries, from agriculture to technology, and we insure 90% of the Fortune 500®. Our growth strategy is not limited to our business. As an employer, we strive to provide ongoing career development opportunities, and we foster an environment where voices are diverse, behaviors are inclusive, actions drive equity, and our people feel a sense of belonging. Be a part of the next evolution of the insurance industry. Join us in building a brighter future for our colleagues, our customers and the communities we serve. Zurich maintains a comprehensive employee benefits package for employees as well as eligible dependents and competitive compensation. Please clickhere (https://www.zurichna.com/careers) to learn more.
As a global company, Zurich recognizes the diversity of our workforce as an asset. We recruit talented people from a variety of backgrounds with unique perspectives that are truly welcome here. Taken together, diversity and inclusion bring us closer to our common goal: exceeding our customers’ expectations. Zurich does not discriminate on the basis of age, race, ethnicity, color, religion, sex, sexual orientation, gender expression, national origin, disability, protected veteran status or any other legally protected status. EOE disability/vet
Zurich does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resume will become the property of Zurich American Insurance. If you are a preferred vendor, please use our Recruiting Agency Portal for resume submission.
Location(s): AM - New York, AM - Remote Work (US)
Remote Working: Yes
Schedule: Full Time
Linkedin Recruiter Tag: #LI-BK1