Cyber Claims Counsel

At-Bay • Chicago, GA

6d

About The Position

At-Bay is the world’s first InsurSec provider designed from the ground up to help businesses tackle cyber risk head on. By combining industry-leading insurance with world-class cybersecurity technology, At-Bay offers end-to-end prevention and protection for the digital age. With 98% of cyber insurance claims in the past five years coming from small and mid-size businesses with revenue under $2B, providing an integrated solution to help manage risk is more critical than ever. At-Bay helps its 40,000+ customers close their security technology and skills gap — all through their cyber insurance policy — making them less likely to be hit with a ransomware attack. As a full-stack insurance company, At-Bay offers multiple lines of specialty insurance, including Cyber, Tech E&O, and Miscellaneous Professional Liability (MPL) policies.

Requirements

• Knowledge of current cyber trends and an endless curiosity for what comes next.
• A sense of humor and a healthy dose of humility.
• Desire to have an impact far deeper than just the claims that you manage by collaborating across the company to understand the risks our insureds face and consistently improve our underwriting technology and products.
• Excellent communication skills and capable of credibly speaking to clients and partners regarding cyber incidents and At-Bay’s value
• Experience partnering with external stakeholders
• 3-5 years’ experience handling complex first and third party cyber, tech, and media claims
• Strong interpersonal skills
• Dedication to delivering exceptional service to our customers
• Legal degree required

Nice To Haves

• Claims adjusting background and/or insurance practice experience as an attorney or a paralegal

Responsibilities

• Collaborate with internal team and external vendors to chart the best course for resolving cyber incidents
• Evaluate coverage for claims and draft coverage letters.
• Build strong relationships across the company and act as trusted advisor for underwriting and risk function with regard to claims trends and development.
• Foster feedback loop with underwriting and security team to fuel the improvement of our products and automated UW engine.
• Cultivate strong relationships with brokers and insureds and deliver the excellent service for which At-Bay is distinguishing itself.
• Evaluate and manage exposure for cyber incidents and third party litigation.
• Develop strategy for handling third party litigation for cyber and technology claims.
• Report on significant claims to management
• Evaluate and proactively set reserves
• Focus on continuous improvement for everything we do from a claims perspective and in connection with UW and security feedback loop

Benefits

• Base salary is determined by a variety of factors including but not limited to market data, location, internal equitability, domain knowledge, experiences and skills.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Ph.D. or professional degree