Job Description
AVP - Cyber Insurance Underwriter
AU Small Finance Bank is seeking a meticulous Insurance Underwriter to assess the risk factors of potential clients and establish coverage terms.
The ideal candidate will be responsible for implementing guidelines that ensure a balanced ratio of favourable risks, minimizing claim costs, and enabling the company to provide insurance at a competitive price.
This role requires a comprehensive understanding of risk analysis, the ability to analyse data, and make informed decisions.
By effectively managing risk, the Insurance Underwriter plays a crucial role in maintaining the financial stability and profitability of the company.
Your responsibilities will include:
Conducting detailed risk assessments
Reviewing technical security controls
Analysing client cybersecurity posture
Collaborating with the underwriting team
You will also be responsible for:
Reviewing insurance applications for compliance and adherence
Assessing clients' background information and financial status
Liaising with specialists to gather information and opinions
Weighting loss exposures and determining underwriting alternatives
Drawing up quotes for competitive insurance premiums
Negotiating and defining the specific terms of insurance policies with insurer or policyholders
Keeping detailed records of policies underwritten and decisions made
Balancing between mass and homogeneity of risks to achieve predictability of future results
Maintaining ongoing and regular interactions with key distribution partners to build new and foster existing client relationships
Your deep understanding of the latest cyber threats, vulnerabilities, trends, and regulatory landscape will contribute to continuous improvement of cyber risk assessment methodologies and tools used in underwriting large risks.
This includes providing expert advice, guidance on cybersecurity best practices, and ensuring accurate risk assessment.
We are looking for a professional with:
Minimum 5+ years of underwriting experience, preferably in Cyber/Technology/Telecom/Misc & E&O coverage
Professional certifications such as FIII & AIII CISSP, CISA, GESC, SSCP, CASP+, GCIH, CISM, CEH, or similar
In-depth knowledge of cybersecurity concepts, frameworks, and technologies
The ability to thrive in an entrepreneurial and collaborative underwriting environment
AU Small Finance Bank is seeking a meticulous Insurance Underwriter to assess the risk factors of potential clients and establish coverage terms.
The ideal candidate will be responsible for implementing guidelines that ensure a balanced ratio of favourable risks, minimizing claim costs, and enabling the company to provide insurance at a competitive price.
This role requires a comprehensive understanding of risk analysis, the ability to analyse data, and make informed decisions.
By effectively managing risk, the Insurance Underwriter plays a crucial role in maintaining the financial stability and profitability of the company.
Your responsibilities will include:
Conducting detailed risk assessments
Reviewing technical security controls
Analysing client cybersecurity posture
Collaborating with the underwriting team
You will also be responsible for:
Reviewing insurance applications for compliance and adherence
Assessing clients' background information and financial status
Liaising with specialists to gather information and opinions
Weighting loss exposures and determining underwriting alternatives
Drawing up quotes for competitive insurance premiums
Negotiating and defining the specific terms of insurance policies with insurer or policyholders
Keeping detailed records of policies underwritten and decisions made
Balancing between mass and homogeneity of risks to achieve predictability of future results
Maintaining ongoing and regular interactions with key distribution partners to build new and foster existing client relationships
Your deep understanding of the latest cyber threats, vulnerabilities, trends, and regulatory landscape will contribute to continuous improvement of cyber risk assessment methodologies and tools used in underwriting large risks.
This includes providing expert advice, guidance on cybersecurity best practices, and ensuring accurate risk assessment.
We are looking for a professional with:
Minimum 5+ years of underwriting experience, preferably in Cyber/Technology/Telecom/Misc & E&O coverage
Professional certifications such as FIII & AIII CISSP, CISA, GESC, SSCP, CASP+, GCIH, CISM, CEH, or similar
In-depth knowledge of cybersecurity concepts, frameworks, and technologies
The ability to thrive in an entrepreneurial and collaborative underwriting environment
💡 Quick Summary
Seeking a career-building opportunity? The AU Small Finance Bank position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.