Who are we?
Wakam is a B2B2C insurance company that creates white-label insurance solutions via its Play&Plug® technology platform for more than 150 distribution 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".
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 property (home & SME) and consumer lines working with revenue, claims and other
- Growing property lines and consumer profitability and in-line with our financial objectives
- Accountable for the underwriting results for non-motor products
- 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:
- Deep understanding of insurance underwriting principles, including risk assessment, pricing, and policy issuance for property insurance products in the UK.
- Experience of underwriting products in connectivity and gig economy
- Deep understanding of the insurance industry, including market trends, competition, and opportunities
- Well-versed in underwriting policies and procedures, able to ensure underwriters comply with company standards and regulatory requirements and shape the company’s underwriting guidelines.
- Ability to assess and mitigate risks associated with insurance underwriting decisions.
- Strong financial skills – able to set business forecasts, monitor budgets and ensure profitability.
- Strong customer service skills – with a focus on customer satisfaction and consumer duty.
- Solid understanding of insurance regulations and compliance requirements
- Strong analytical and reporting skills, and the ability to assess and report on insurance risk effectively.
- Proven leadership and stakeholder management skills
Your working mindset:
- Risk management orientation: vigilant in identifying, assessing, and mitigating risks associated with insurance underwriting decisions and market dynamics.
- Strategic thinking: taking a long-term approach about the company’s goals, market opportunities and competitive positioning, aligning underwriting practices with strategic objectives.
- Data driven: comfortable using data analytics and modelling to support pricing, risk assessment and performance monitoring
- Customer-centric: always keeping the customer in mind when making underwriting decisions.
- Adaptability: adaptable and open to adjusting underwriting practices in response to evolving market conditions, regulatory changes and emerging risks.
- Compliance consciousness: maintain a compliance-focused mindset to ensure the company operates within legal boundaries.
- Results driven: motivated by achieving measurable outcomes
- Collaborative outlook: fostering a collaborative mindset, working closely with underwriting teams, senior management, risk committees and other stakeholders to achieve collective goals.
- Ethical integrity: commitment to ethical conduct and integrity in all underwriting practices.
- Attention to detail and accountability.
✯ 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 culture fit Interview with HR Manager UK
=> Welcome @Wakam 🙌
Recruitment Agencies:
Wakam has an in-house recruitment team, which focuses on sourcing great candidates directly. Wakam does not accept unsolicited resumes from agency or search firm recruiters.
Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact our managers directly.
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.
