Portfolio Risk Management Internship Jobs in Springfield, MA

HSB, a Munich Re company, is a specialty insurer and risk solutions provider known for its industry-leading equipment breakdown coverage. We combine deep engineering expertise with cutting-edge technology to help clients prevent loss and ensure operational resilience. Our offerings include equipment breakdown insurance and other specialty coverages (cyber, EPLI, service line, home appliances), along with a suite of risk management services powered by 1,200 engineers and inspectors, IoT sensors, AI, and predictive analytics. HSB is redefining insurance by focusing on prevention-not just protection.

Open to all HSB/Munich Re Offices + Remote Options

Senior Cyber and Tech Risk

About the Role

Underwrite transactional Cyber and Tech E&O risks as well as develop relationships with agents & brokers and CAD's business development team to grow our book of business. Assist in the development and underwriting support of new specialty liability lines that may include Crime, MPL. Provide market intelligence in this rapidly changing segment to insure we are competitively positioned to grow in all our specialty products. Achieve our long-term financial goals. Support our alternative distribution channels and partnerships to insure they are growing profitably. Working with the Cyber Practice lead to work collaboratively with our internal and external partners to support necessary product, coverage and rate changes for our cyber products.

Key Responsibilities

• Quote, rate, bind, and issue policies, including interim changes throughout the policy lifecycle
• Support execution of underwriting and portfolio objectives across cyber products
• Monitor, evaluate, and recommend enhancements to underwriting processes for direct cyber products and MGA partnerships
• Analyze market trends and recommend coverage, pricing, and product changes to maintain competitive positioning
• Partner internally to implement product, coverage, and rate updates through established processes
• Manage marketing efforts and track cyberrelated client management activities
• Collaborate with internal business development teams and external agents to drive new business growth
• Educate and train internal stakeholders and external partners on cyber products and underwriting approach
• Ensure audit compliance and adherence to underwriting guidelines, standards, and authority levels

Qualifications

• Bachelor's degree in Risk Management, Marketing, Computer Science, Engineering, or a related discipline
• Five or more years of experience in the insurance and/or reinsurance industry
• Three or more years of cyber liability underwriting experience, with additional experience in a cyberrelated field such as claims, product administration, underwriting, or cybersecurity
• Experience in commercial underwriting and/or marketing experience.
• IT or Cyber security related experience.
• Experience in Cyber, Technology E&O, or Management Liability (carrier or consulting environment preferred)
• IT or cybersecurityrelated experience preferred
• CPCU, RPLU, or other relevant insurance designation preferred
• Experience in the Cyber, Tech, E&O or other Management Liability products including Crime and MPL (e.g. either on the insurance or on the consulting side)

Knowledge & Skills

• Strong teamwork
• Highly analytical
• Strong organizational skills
• Interpersonal/Relationship Management skills
• Excellent problem-solving skills
• General Industry knowledge
• Insurance Concepts/knowledge
• Production knowledge products
• Communication skills (verbal and written)

At The Hartford Steam Boiler, a subsidiary of Munich Re, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day. We recruit and develop talent with a focus on providing our customers with the most innovative products and services.

We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status. The work environment characteristics, and any physical and mental requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.

The Company is open to considering candidates in numerous locations, including California. The salary ranged posted below applies to the Company's Hartford, CT location.

* The salary range for this position is $ 138,400 - $203,000, plus opportunity for company bonus. In addition, the company provides a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, a retirement savings plan, paid holidays and paid time off (PTO).

* The salary estimate displayed represents the typical salary range of candidates hired. Factors that may be used to determine your actual salary may include your specific skills, how many years of experience you have and comparisons to other employees already in this role. Most candidates will start in the bottom half of the range