Job Title: Cyber Wordings Lawyer, UK and International Cyber Risks

Division: Cyber Risks

Reports To: As per Beazley’s organisation chart

Key Relationships:

Cyber Risks Wordings Team, Cyber Risks Underwriting Management Team, Cyber Risks Underwriters, Cyber Risks Business Management, Digital Underwriters, Specialty Risks Underwriters, Specialty Risk Wordings, Cyber Risks Claims, Compliance, Incubation and all other relevant stakeholders

Job Summary:

Provide wordings, product and underwriting management support to Cyber Risks and other Beazley trading teams as necessary with respect to Cyber and Tech products.

Key Responsibilities:

Wordings

Drafting, reviewing, and negotiating international policy wordings (UK and ROW) and endorsements to support business/underwriting objectives of Cyber Risks.
Assisting international Cyber Risks Underwriters in addressing coverage issues raised in the underwriting and negotiation process to enable successful closing of business opportunities.
Leading wordings, product and facility negotiations with broking partners.
Managing the translation and localisation of wordings and endorsements for different countries where required.
Assist Cyber Risks Underwriters in achieving sales and service goals by providing high quality and timely response to queries raised.
Providing support on underwriting, product development, and coverage issues.
Review confidentiality agreements and warranty statements as needed for Cyber Risks Underwriters to engage in the underwriting process.
Assist Cyber Risks Underwriters in addressing bespoke coverage requests; this requires interaction with Brokers, Insureds, other key external stakeholders (e.g. insured counsel).
Collaborate with Underwriting Managementto facilitate an organised knowledge management and sharing process.
Coordinate projects and work collaboratively with other key stakeholders internally, including but not limited to other Cyber Risks Underwriting Management teammates, Speciality Risk Wordings, Compliance, Claims, Conduct Risk, Product Development, Risk Management, Underwriting Controls and Operations, Marketing and IT.
Monitor competitive landscapes for the continuous improvement of wordings and underwriting controls and participate in competitor analysis.
Participate in Cyber Risks Business Planning, Away Days, Broker/Client meetings and other Marketing events, as required and appropriate.
Provide assistance with additional projects for Cyber Risks Underwriting Management, Underwriters and Beazley Security, as needed.
Monitor claims developments and impact of wording on claims.

General

It is important that within all your interactions both internally and externally you adhere to Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to:

Comply with Beazley procedures, policies and regulations including the code of conduct which incorporates the PRA and FCA Conduct.
Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
Display business ethics that uphold the interests of all our customers.
Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Culture & People or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.
Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.

Personal Specification:

Education & Qualifications

Law Degree; and/or
Experience in insurance policy wordings

Skills & Abilities

Organised and detailed oriented
Ability to communicate effectively with others, both verbally and in writing
Self-motivated team worker who is also able to work on own initiative
Proven ability to manage time, meet deadlines, and prioritise
Able to maintain standards and professionalism during periods of fluctuating workloads
In addition to English, fluency in and ability to read / draft legal contracts in another European language: German, French, Spanish or Italian preferred.

Knowledge & Experience

Relevant professional level experience required
Insurance-related experience preferred
Strong client service skills required

Aptitude & Disposition

Task-focused, self-motivated and flexible
Consistently professional approach
Able to successfully interact with managers/underwriters/colleagues/external suppliers
Positive, enthusiastic and service oriented

Competencies

Achievement orientation
Analytical thinking
Information seeking
Customer focus
Team working
Initiative
Problem solving
Detail oriented

Wordings Lawyer jobs

Cyber Wordings Lawyer, UK and International Cyber Risks