Non-Life Reinsurance Expert

Wakam is a European B2B2C insurer that designs white-label insurance products for its partners (e-retailers, brokers and fintech/insurtech, etc.). Our insurance products have the particularity of being embedded in the products or services offered to the end customer (for example, if you take a self-service e-scooter, you are automatically insured).

Wakam operates in 32 European countries with the majority of its turnover generated outside France.
The company provides most of its products through API, and hosts white-label insurance solutions via its Play&Plug technology platform.

At Wakam we believe in the formula “for-profit & for good”. Since March 2021, we are a Mission-driven company, which means that our mission statement ‘Enabling transparent and impactful insurance’ is written in our bylaws. And we go further: by defining 9 concrete commitments to illustrate this mission, such as writing our insurance contracts in plain language (no more confusing terms and conditions). We also create insurance products at cost for associations.

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!

Wakam is an insurer that designs tailor-made white labelled insurance solutions for its distribution partners, insurance professionals (brokers & insurtechs) as well as non-insurance professionals (platforms, retailers…). Wakam also specialises in developing next generation "embedded" insurance solutions with its Play & Plug platform, enabling fully digitised products and services.

Operating in 32 European countries, with a high projected turnover and demonstrating a double-digit growth every year. Wakam was included in the Financial Times ranking of the 1000 fastest growing European companies, leading all insurers. Wakam, in accordance with its societal commitments, is a Mission-driven company since March 2021.

Positive energy, agility, and team spirit are essential to support Wakam in its hyper-growth! You have the Wakam mindset? Join us!

⌖ The Mission

You'll be part of the Reinsurance Team Lead within the Capital & Reinsurance Office, your main objective will be to contribute to the optimization of the reinsurance structure performance through the following missions:

• Get in charge of a book of treaties including:

- Making regular assessment of the performance (quarterly closure, budget, forecast ad ’hoc exercise).

- Secure the treaty placement through regular communication (webinar, committee, etc.) of the performance to the reinsurer and improved renewal submission package.

- Ensure adequacy between the treaties and the new partnerships.

• Get in charge of a book of reinsurers including:

- Making sure the reinsurers get all necessary information to support Wakam.

- Gather informations and expectations of the reinsurers to support discussion on the placement strategy.

• Get in charge of a set of reinsurance processes making sure they are secured, timely managed and continuously improving.

As a member of the reinsurance team, you'll have regular interactions with the business partner teams such as the Underwriting, the Finance, the Revenue, etc.

You have strong skills in reinsurance, and particularly an experience of reinsurance business underwriting and portfolio management. You have a good understanding of insurance capital management through Quota-Share reinsurance as well as structuring non-proportional reinsurance.

✯ The Profile

• 5 years academic level is desired in Actuary or similar studies.
• 5+ years of experience minimum on an underwriting role within in a reinsurance or insurance company.
• Speaking a fluent English is mandatory for this role and french would a big plus.

> Your skills

- Strong appetite to manipulate and process data
- Good knowledge of reinsurance mechanisms
- Good oral communication and writing skills as well as good relationship with the business

> Your working mindset :

- Able to step back, to be autonomous and to be proactive in order to understand our atypical business model, to look for the right information, and to deduce relevant analyses
- Appreciation of teamwork and cross-functional project mode.
- Organization, rigor and precision
- Curiosity and strong analytical and synthesis skills

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!

Mindset compatibility with our ‘Free to Impact’ culture:

1. Think big
2. Biased for action
3. Curious and eager to learn
4. Can say no and find solutions
5. Aims for the moon (but please don’t stick on the moon)
6. And above all: have fun working together 🤜🤛 !

• Wakam is not based on a hierarchy but on a methodology where everyone finds his role and knows his 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 at 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 ⛵)
• Last but not least : we are nice and we have fun! (you'll find out by yourself 😉)

What happened in 2021 @Wakam?