Job Description
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Sompo has a unique opportunity for a Senior Underwriter Cyber in our Financial Lines team Italy.
This role will work closely with the Italy Financial Lines Manager as well as the Continental Europe Line of Business Head for Cyber Insurance focusing on the development and expansion of our client and broker relationships, as well as supporting for the acceleration of profitable growth and retention in achieving profitability targets, in line with our local, regional and global strategies.
Additionally, the role will require acting as a company ambassador in the marketplace and with other external stakeholders, seeking to develop and maintain relationships with these key constituents and influencers.
Location: This position will be based out of our Milan office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long-lasting careers.
Our business, your impact, our opportunity:
What you’ll be doing:
- Contribute to the growth and profitability of Sompo International Cyber portfolio by actively sourcing submissions
- Analyse questionnaires, submissions, policy wordings, technical reports to assess exposures
- Analyse underwriting information and ensure appropriate terms and conditions are secured in line with the Sompo Cyber Underwriting Strategy
- Meet and negotiate with clients and brokers to build relationships and to develop new and renewal business
- Contribute to build a well-diversified and balanced book in terms of risk profile and segmentation
- Perform contract negotiation, attending and travelling to client meetings, presentations to customers and conducting underwriting reviews
- Develop, launch and maintain local language Cyber product versions for the Italian market, watch local market and products developments
- Be responsible for underwriting document filings, accuracy of data entries to systems and contract integrity for accounts underwritten
- Effectively interact, communicate and negotiate with all levels of external and/or internal business partners (such as Distribution, Claims, Risk Engineering).
- Support marketing efforts, creating high quality, original solutions to enhance the reputation and market presence of Sompo International.
- Focus on other value add projects, developments, and activities, as required.
- Representing Sompo International externally at the highest-level including interests with the press and relevant internal & external shareholders, in commercial negotiations and/or through participation in industry forums, corporate communications events, etc to raise Sompo International’s profile within the market place.
What you’ll bring:
- 3+ years of experience working in underwriting position in Cyber in Italy; wider experience is a plus.
- Deep technical knowledge of Cyber exposures.
- Strong expertise in international Large Corporate risks underwriting.
- Good network within the Italian broker and inhouse risk manager Community.
- Strong interpersonal and communication skills.
- The highest levels of integrity.
- Team player
- Good understanding of economic relationships, business models in the insurance industry and knowledge of strategy development.
- Recognizes opportunities and approaches new trends with an entrepreneurial mindset.
- Good understanding of the insurance regulatory environment in Italy and its influence in business development, underwriting and claims management strategies
- Naturally connects and builds strong relationships with others, demonstrating strong emotional intelligence and an ability to communicate clearly and persuasively.
- Language skills: Italian, English any other European language is a plus.
- Knowledge of Security ScoreCard application is a plus.
- Willingness to travel internationally as required.
At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.
Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.
We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents.
Below is a summary of some of the benefits we offer, which may vary depending on the country:
- Health & Wellness Benefits
- Retirement & Savings Plans
- Global Parental Leave & Adoption Assistance
- Employee Assistance Program
- Tuition Reimbursement & Professional Qualification benefits
Who we are and what we stand for:
At Sompo, our shared purpose is to create meaningful value for clients, communities, and each other. We strive to foster a workplace where everyone feels respected, included, and empowered to excel. As a global organization, we embrace diversity and champion equal opportunity. Guided by our core values—Accountability, Agility, Collaboration, Development, and Integrity—we build trust and support one another to achieve our goals worldwide. Life at Sompo page
Our values come to life in how we hire and grow talent. Employment decisions are based on qualifications, merit, and organizational need, and we strive to ensure equitable access to opportunities so everyone can do their best work. If you need an accommodation for any part of the application process, please contact the recruiter in charge.