Senior Motor Fleet Underwriter — Europe

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Who We Are

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 APIs and operate across 32 countries , making Wakam the European leader in digital and embedded insurance .

About The Team

You will join Wakam’s Motor Underwriting team , which plays a central role in shaping underwriting performance, portfolio quality, and sustainable growth across multiple European markets. Working at the crossroads of Underwriting, Pricing, Claims, Distribution, Product, Reinsurance, and Compliance , the team supports Wakam’s broker, MGA, and platform partnerships with strong technical underwriting expertise and a data-driven approach to decision-making. 🎯 Your Mission As a Senior Motor Fleet Underwriter (12 months fixed-term) , you will take ownership of Wakam’s European commercial motor fleet portfolio , driving underwriting performance, strengthening broker and MGA relationships, and contributing to product and market strategy across several jurisdictions.

You will act as a technical authority on fleet underwriting, combining risk selection, pricing discipline, market insight, and portfolio steering to ensure profitable and sustainable growth. This role requires both hands-on underwriting expertise and the ability to influence underwriting frameworks, appetite, and governance.

Responsibilities

Portfolio Underwriting & Risk Assessment You will underwrite new business and renewals across commercial motor fleet segments, including PHV/taxi, delivery, leasing fleets, and other types of fleets . You will assess risk quality using exposure data, loss history, fleet management practices, driver profiles, and sector information, and apply technical pricing models and rating tools to determine adequate premiums. You will negotiate terms with brokers and MGAs to achieve balanced outcomes on price, coverage, and conditions , while applying underwriting authority appropriately and escalating referrals when needed.

You will also manage quotes, binders, endorsements, and monitor in-force accounts for mid-term changes, fleet movements, and deterioration in claims performance. Portfolio Management & Performance You will monitor the combined operating ratio (COR) and loss ratio of the fleet portfolio on a regular basis, identifying trends and taking corrective actions where needed. You will track performance by segment, geography, broker, vehicle type, and fleet size, and contribute to quarterly portfolio reviews and management reporting.

You will actively manage underperforming accounts through rate action, tighter coverage terms, or non-renewal decisions where appropriate. You will also produce underwriting MI and data analysis to support portfolio steering and work closely with actuarial teams on pricing adequacy, experience reviews, and reserving discussions. Pricing & Technical Development You will contribute to the development and ongoing refinement of fleet pricing models, rating tools, underwriting guidelines, referral matrices, and appetite statements .

You will incorporate market intelligence and claims experience into pricing assumptions, including repair cost inflation, parts trends, and frequency developments. You will also monitor external market conditions such as competitor pricing, capacity changes, and emerging risks including EV fleets, ADAS technology, autonomous vehicles, gig economy operators, and mobility-as-a-service platforms . Broker & Distribution Management You will build and maintain strong relationships with specialist fleet brokers, Lloyd’s brokers, and MGA partners across Europe.