Who are we?
Wakam is a B2B2C insurance company that creates white-label insurance solutions via its Play&Plug® technology platform for more than 80 partners. We provide most of our insurance products through API, and hosts white label insurance solutions via our Play&Plug technology platform.
With a footprint spanning 32 countries and revenue of more than €900 million in 2023, mostly generated outside France, Wakam is the European leader in digital and embedded insurance.
Strongly committed to social responsibility, Wakam is a mission-driven company dedicated to “enabling transparent and impactful insurance".
About the team
The Underwriting team at Wakam, is the cornerstone of risk assessment and decision-making thanks to the internal datas and industry insights to make informed decisions, ensuring Wakam provides comprehensive and competitive insurance solutions.
As experts in evaluating and pricing risk, we're dedicated to ensuring profitability while providing optimal coverage for our clients. From analyzing data to developing underwriting strategies, we're committed to delivering innovative solutions and exceptional service to our customers.
Missions
Function Overview:
You will join the Wakam Underwriting team to help us profitably grow our business on the UK market. You will report to the UK Chief Underwriting Officer.
This role will lead the Motor underwriting in the UK in conjunction with UK Chief Underwriting Officer and the UK Chief Underwriting Officer, Motor & Mobility
Responsibilities:
- Leading the distribution, underwriting and product strategy for motor portfolio, working with revenue, claims and other teams
- Growing motor portfolio and deliver financial objectives in-line with the business plan
- Accountable for the underwriting results for motor
- Deliver effective portfolio management
- Management of Delegated Authority and the interactions with the market (MGAs, Brokers and Direct clients)
- Responsible for Product Governance activities
- Acting as a product and market expert across the UK and Europe
Profile Requirements
Experience & key skills:
- Strong understanding of underwriting principles, risk assessment, and pricing, specifically for motor and mobility insurance products in the UK, both personal and commercial.
- Experience in underwriting innovative insurance products such as telematics, connectivity solutions, and services for the gig economy.
- Deep knowledge of the insurance industry landscape, including market trends, competition, and emerging opportunities.
- Proficient in developing underwriting policies and procedures, ensuring compliance with regulatory standards, and shaping the company’s underwriting guidelines.
- Ability to manage financial aspects such as business forecasting, budget monitoring, and profitability.
- Strong focus on customer satisfaction and consumer duty, coupled with the ability to assess and mitigate risks associated with underwriting decisions.
- Proven leadership skills with the capacity to manage stakeholders effectively and strong analytical skills to assess and report on insurance risks.
Your working mindset :
- Results driven, experience developing strong production relationships
- Emphasizes vigilant risk management, maintaining a compliance-conscious approach to ensure operations stay within legal and ethical boundaries.
- Utilizes strategic thinking and data analytics to align underwriting decisions with the company’s long-term goals and to support risk assessment, pricing, and performance monitoring.
- Prioritizes customer needs in decision-making processes while being driven to achieve measurable outcomes and maintain high standards of service.
- Adapts underwriting practices to changing market conditions and regulatory landscapes, fostering a collaborative environment with teams and stakeholders to achieve collective objectives.
- Upholds high ethical standards and integrity in all practices, with meticulous attention to detail and accountability in all actions.
Hiring Process
- Screening Interview with Talent Acquisition Expert
- Technical & fit interview with HR Manager & Chief Underwriting Motor and Mobility
- Cross-team Interview with Head of Underwriting UK
- VP fit interview with Chief Underwriting Officer UK
- HR cutlure fit Interview with HR Manager UK
=> Welcome @Wakam 🙌
Positive energy, agility, and team spirit are essential to support Wakam in its hyper-growth!
You have the Wakam mindset? Join us!
More about us
Our culture? Free to impact. A culture where everything is possible, where all ideas are taken into consideration, where everyone has an impact on the transformation of insurance! Hungry for freedom? Thirsty for autonomy? If you are adventurous and like challenges, then the Wakam adventure might be made for you!
Discover on our website who we really are with the 11 cultural markers that so well describe us!
What we are looking for ?
Mindset compatibility with our ‘Free to Impact’ culture:
- Think big
- Biased for action
- Curious and eager to learn
- Can say no and find solutions
- Aims for the moon (but please don’t stick on the moon)
- And above all: have fun working together 🤜🤛 !
- Wakam is not based on a hierarchy but on a methodology where everyone finds their role and knows their objectives.
- With a flat hierarchical system and a highly collaborative operating model, Wakam is an extremely agile and transparent company.
- Every last Friday of the month, it's Free.day @Wakam, a day without meetings to take a step aside and dedicate ourselves to skills sponsorship or other activities (because we are curious, I remind you).
- Full-remote is a reality at Wakam (there is even one Wakamee who works from his sailing boat ⛵) with our Wakam From Anywhere (WFA) program.
- Last but not least : we are nice and we have fun! (you'll find out by yourself 😉)
At Wakam, we are committed to fostering an inclusive environment where diversity is celebrated. If you require any reasonable adjustments during the recruitment process, please feel free to reach out to your recruiter.
