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 Reinsurance team is managing and optimizing reinsurance strategies to mitigate risk and enhance financial stability. The Reinsurance team plays a crucial role in securing partnerships to protect Wakam against large-scale financial exposures.
✎ Missions
Function Overview:
Join Wakam, a modern, innovative insurance company with reinsurance at its core, seeking a Reinsurance Manager to drive the sustainability and growth of the business. As part of the Reinsurance department, you will report directly to the Chief of Reinsurance and play a pivotal role in maintaining as well as enhancing relationships with reinsurers, essential to Wakam's business model.
Key responsibilities:
- Build trust relationships with the company's reinsurance partners and prospect for new ones;
- Define and optimize your scope of reinsurance programs, prepare renewal files, run actuarial analysis, and participate in negotiations for the placement of reinsurance programs;
- Contribute to new partnership assessment and develop reinsurance structures when needed;
- For your scope of treaties, define and revise reinsurance clauses, participate in treaty writing, and ensure there are no undesired protection gaps;
- Ensure your scope of treaties back office is correctly and timely managed and maintain good collaboration with the accounting team.
- Develop performance and accounting monitoring of your treaties to report to reinsurer on a regular basis;
- Maintain reinsurance policy in line with the company's risk appetite and ensure compliance of practices;
- Transform reinsurance processes to improve service quality by leveraging the company's digitalization projects;
- Organize internal communication to raise employee awareness about reinsurance mechanisms.
✯ Profile
- Actuarial, Insurance Business, Management or equivalent degree, with 5 to 7 years of experience acquired in insurance or reinsurance on a similar function
- Good knowledge of P&C insurance product and economics, with an experience in pricing or solvency 2.
- First experience in a fast-paced environment is an advantage
- Strong analytical and organizational skills
- Exceptional communication and interpersonal abilities
- Collaborative work approach across multiple departments
Working mindset:
- Rigour and autonomy.
- Ability to work in a team.
- Adaptability in a rapidly changing environment.
- Ability to communicate, both written and spoken.
Hiring Process
- Interview with Talent Acquisition Expert.
- Manager interview with Chief Of Reinsurance.
- Executive interview (VP/Chief) Reinsurance
- HR culture fit interview with Head Of Talent.
=> 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!
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.
Top Skills
What We Do
Wakam is a B2B2C insurance company that creates white-label insurance solutions via its Play&Plug® technology platform for more than 150 distribution partners and over 8 million policyholders. With a foothold in 32 countries and a 2021 turnover of €455 million, the majority of which was generated outside France, Wakam is the European leader in digital and embedded insurance. The company has been growing rapidly for more than seven years. Led by Olivier Jaillon, Wakam is a Mission-driven company since 2021, its corporate purpose is "enabling transparent and impactful insurance". We have a strong corporate culture built around 11 cultural markers that promote collaboration, curiosity, learning, open-mindedness and innovation
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