Senior Cyber Insurance Underwriting Specialist

Job Title: Senior Cyber Insurance Underwriting Specialist

Location: UAE (Remote)

Employment Type: Full-Time

Work Arrangement: Fully Remote

Level: Senior

About Us

We are seeking an experienced Senior Cyber Insurance Underwriting Specialist to assess, evaluate, and manage cyber insurance risks across a diverse portfolio of corporate and commercial clients. This role combines insurance underwriting expertise with an understanding of cybersecurity threats, technology risks, data protection exposures, and cyber incident management.

The successful candidate will support profitable underwriting decisions, develop appropriate coverage structures, and work closely with brokers, clients, cybersecurity professionals, claims teams, and reinsurers to evaluate evolving cyber threats and insurance exposures.

Key Responsibilities

• Evaluate cyber insurance submissions by assessing applicants' cybersecurity controls, technology infrastructure, business operations, and historical loss experience.
• Analyze exposures associated with ransomware, business email compromise, data breaches, privacy violations, system interruptions, and third-party cyber incidents.
• Review applicants' security controls, including multifactor authentication, endpoint protection, backup procedures, vulnerability management, incident response planning, and access management.
• Assess cyber risk profiles across industries, company sizes, geographic locations, and technology environments.
• Develop underwriting recommendations, coverage terms, limits, deductibles, exclusions, and risk improvement requirements in accordance with delegated authority.
• Review policy wordings and endorsements relating to cyber liability, privacy liability, network security liability, incident response expenses, and business interruption.
• Analyze applicants' cyber risk questionnaires, security assessments, penetration testing summaries, audit reports, and other technical documentation.
• Collaborate with cybersecurity specialists to evaluate complex risks, material security weaknesses, and emerging threat exposures.
• Support premium pricing and risk classification by considering exposure severity, control maturity, industry risk, claims history, and portfolio performance.
• Evaluate cyber accumulation exposures arising from shared technology providers, cloud infrastructure, software platforms, and systemic cyber events.
• Monitor cyber claims trends, loss ratios, threat intelligence, and emerging attack methods to refine underwriting approaches.
• Coordinate with brokers and clients to clarify submission information, negotiate appropriate coverage terms, and communicate risk improvement recommendations.
• Support renewal assessments, portfolio reviews, reinsurance discussions, and the development of cyber underwriting guidelines.
• Maintain accurate underwriting records and ensure compliance with internal governance, underwriting authority limits, and applicable regulatory requirements.
• Prepare portfolio performance reports and management updates covering risk concentration, underwriting results, and emerging cyber insurance trends.
• Contribute to continuous improvements in underwriting processes, risk assessment methodologies, and cyber insurance product development.

Qualifications and Experience

• Bachelor's degree in Cybersecurity, Information Technology, Computer Science, Insurance, Risk Management, Finance, or a related discipline.
• Typically 7–10 years of relevant experience in cyber insurance underwriting, technology risk assessment, commercial insurance, or cyber risk management.
• Strong understanding of cyber insurance products, coverage structures, policy exclusions, liability provisions, and underwriting principles.
• Practical knowledge of cybersecurity risks, including ransomware, data breaches, cloud security exposures, third-party vendor risks, and business interruption.
• Ability to interpret technical security assessments and evaluate the effectiveness of an organization's cybersecurity controls.
• Familiarity with cybersecurity frameworks such as NIST Cybersecurity Framework, ISO/IEC 27001, and CIS Controls.
• Understanding of privacy and data protection obligations, cyber incident response practices, and relevant regulatory requirements.
• Experience assessing cyber insurance submissions, determining risk acceptability, and supporting pricing and coverage decisions.
• Knowledge of cyber claims trends, loss analysis, portfolio accumulation, and reinsurance considerations.
• Strong analytical, negotiation, problem-solving, and decision-making skills.
• Proficiency in Microsoft Excel and insurance underwriting or risk management systems.
• Excellent written and verbal communication skills, with the ability to explain technical cyber risks to non-technical stakeholders.
• Professional qualifications such as CPCU, ACII, CISSP, CISM, CRISC, or equivalent credentials are advantageous.
• Ability to work independently in a remote environment while coordinating effectively with international teams.

Key Performance Indicators (KPIs)

• Underwriting Quality: Accuracy and consistency of cyber risk assessments and underwriting decisions.
• Portfolio Profitability: Contribution to sustainable underwriting performance and appropriate risk selection.
• Submission Turnaround Time: Timely assessment of new business submissions, renewals, and coverage requests.
• Risk Evaluation Effectiveness: Ability to identify material cybersecurity weaknesses and significant exposure factors.
• Pricing and Coverage Accuracy: Appropriateness of premium recommendations, policy limits, deductibles, and coverage conditions.
• Portfolio Risk Management: Effectiveness in monitoring cyber accumulation, concentration, and systemic risk exposures.
• Claims Performance Analysis: Quality of insights derived from cyber claims trends and loss experience.
• Documentation and Compliance: Completeness of underwriting records and adherence to internal controls and regulatory requirements.
• Broker and Client Service: Responsiveness and effectiveness in providing technical underwriting support.
• Process Improvement: Contribution to more efficient underwriting workflows, enhanced risk assessment, and improved portfolio monitoring.

What We Offer

• Competitive compensation aligned with experience, qualifications, and technical expertise.
• Fully remote working arrangement within the UAE-based employment framework.
• Opportunities to underwrite complex cyber risks across multiple industries and technology environments.
• Exposure to emerging cyber threats, innovative insurance solutions, and evolving risk transfer strategies.
• Collaboration with cybersecurity specialists, brokers, claims professionals, and reinsurance partners.
• Opportunities for professional development in cyber insurance, cybersecurity, and enterprise risk management.
• A professional environment that values technical expertise, sound underwriting judgment, and continuous improvement.

How to Apply

Interested candidates should submit an updated CV highlighting their experience in cyber insurance underwriting, cybersecurity risk assessment, policy structuring, and portfolio management.

Please include relevant professional qualifications, technical knowledge, and examples of cyber risk underwriting or insurance portfolio projects where appropriate and permissible.

Email Subject Line: Application – Senior Cyber Insurance Underwriting Specialist (UAE Remote)

• We welcome applications from experienced insurance and cyber risk professionals who combine strong underwriting expertise with a practical understanding of cybersecurity threats, commercial risk, and responsible portfolio management.