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Wakam is seeking a Reinsurance Lead to manage and optimize reinsurance strategies, ensuring financial stability. This role acts as the main point of contact for reinsurance brokers and reinsurers, focusing on enhancing reinsurance conditions. The Reinsurance Lead will report to Risk Committees and Board.
Responsibilities:
Requirements:
What Wakam Offers:
Responsibilities:
- Lead the day to day management of the Outwards Reinsurance program including provision of data, premium payments, claim notifications and recoveries.
- Act as a principle point of contact for Reinsurance Brokers and Reinsurers.
- Proactively identify and propose actions to improve reinsurance conditions and effectiveness of reinsurance strategy for the company.
- Engage with all relevant departments, group & third parties as required to assess the company’s reinsurance requirements.
- Lead activities for renewal, negotiations of reinsurance conditions; review addendums and endorsements for in force treaties.
- Support assessment of new reinsurance treaties (review treaties, covers and slip notes; review and assess terms and conditions; profitability; risk mitigation; compliance with regulations).
- Manage operational issues and all account queries, including special risk and acceptances.
- Maintain inventory of reinsurance treaty and reinsurance conditions.
- Responsibility for the collation of all placing information.
- Responsibility for updating and maintenance of the Outwards Reinsurance Policy.
- Monitor and report on ratings of reinsurers reporting to Risk Committees and Board.
- Assist in the identification of potential risks (credit, market, operational) related to reinsurance activities and support risk management frameworks.
- Manage and maintain robust relationships across the group, representing Reinsurance Operations on internal working groups or committees.
Requirements:
- Demonstratable knowledge if Outwards Reinsurance.
- Strong experience of technical reinsurance operations, including reinsurance systems, procedures and regulatory reporting requirements at a UK insurance company.
- Relevant experience of Reinsurance operations or similar
- Experience in developing and strengthening departments, to include enhanced policies & procedures, and reporting.
- Strong knowledge of cross border pan European insurance markets desirable.
- Excellent MS Office skills, in particular excel.
- Detail-oriented and have the ability to multitask.
- Team player with good interpersonal skills.
- Able to analyse data and provide concise summary and / or recommendations.
- Able to interact effectively with stakeholders at all levels, including senior management teams, both internally and externally.
- Innovative and creative with willingness to bring new ideas to improve processes.
- Ability to establish credibility.
- Strong knowledge of the regulations and compliance standards within the insurance industry.
- Excellent communication skills to effectively interact with clients, employees, and management.
- A problem-Solving mindset to identify issues and find creative solutions to challenges that arise within the company.
What Wakam Offers:
- True remote work flexibility with our Wakam From Anywhere (WFA) program.
- Flat hierarchical system promoting direct impact and autonomy.
- Monthly Free.day: dedicated time for personal growth and skills development.
- Lunch voucher with Swile card.
- A meaningful company: we became a Mission-driven company in March 2021.
- Work alongside passionate experts.
Wakam
Wakam is a B2B2C insurance company that designs custom insurance solutions distributed in white label by over 80 distribution partners through its Play&Plug® technological platform. With operations in 32 countries and a turnover of over €920 million in 2023, largely outside France, Wakam is a European leader in digital and embedded insurance. As a mission-driven company, Wakam aims to make insurance transparent and impactful.