What are the responsibilities and job description for the Underwriting Product Manager, Cyber position at Starr Insurance?
Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.
Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.
Position Overview: We are seeking an experienced and strategic Cyber and Technology E&O Underwriting Product Manager to be out technical leader at Twin Maples Specialty (This is not an IT position). The ideal candidate will have a deep understanding of the cyber insurance market, strong underwriting expertise, and a proven track record of driving business growth and operational excellence.
Key Responsibilities:
Strategic Leadership:
Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.
Position Overview: We are seeking an experienced and strategic Cyber and Technology E&O Underwriting Product Manager to be out technical leader at Twin Maples Specialty (This is not an IT position). The ideal candidate will have a deep understanding of the cyber insurance market, strong underwriting expertise, and a proven track record of driving business growth and operational excellence.
Key Responsibilities:
Strategic Leadership:
- Develop and implement technical expertise, training and profitability strategies for segments of the the Cyber and Technology E&O products.
- Identify market trends, opportunities, and threats to inform underwriting strategy.
- Develop and maintain underwriting guidelines, rating plans, appetite strategies in order to deliver long term profitable growth .
- Collaborate with senior management to align the division’s goals with the overall company objectives.
- Oversee the underwriting of Cyber & Technology E&O policies to ensure profitability and manage risk.
- Develop and implement underwriting guidelines, policies, and procedures.
- Ensure adherence to underwriting best practices and regulatory requirements.
- Build and maintain strong relationships with brokers, clients, and other key stakeholders.
- Collaborate with the sales and marketing teams to develop and execute strategies to drive growth.
- Implement best practices and continuous improvement initiatives.
- Monitor and analyze underwriting performance metrics to drive operational excellence.
- Oversee the assessment and management of risks associated with Cyber & Technology E&O products.
- Ensure compliance with regulatory requirements and industry standards.
- Develop and implement risk mitigation strategies.
- Bachelor’s degree in Business, Finance, Insurance, or a related field; advanced degree preferred.
- Minimum of 5-7 years of experience in the Cyber insurance industry
- Proven track record of developing and executing successful underwriting strategies.
- Strong understanding of underwriting principles and risk management.
- Excellent leadership, communication, and interpersonal skills.
- Ability to build and maintain strong relationships with clients, brokers, and team members.
- Strategic thinker with strong analytical and problem-solving skills.