Senior underwriter - property
Job details
Senior Underwriter – Property Let’s care for tomorrow. Your ambitions. Your dreams. Your tomorrow At Allianz Commercial (AZC), we are the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it’s aircraft, satellites, the world’s biggest ships and tallest building, cyber-attacks, or climate change impacts, AZC has the major risks covered when it comes to protecting businesses. Job Purpose / Role:
- Underwrite profitable new and renewal business to meet Business targets locally/regionally.
- Negotiation of participation, pricing and terms and conditions on accounts
- Ownership of accounts / clients
- Develop and maintain strong relationships with brokers and clients.
- Collaborate with other functions and/or entities within Allianz to provide a comprehensive insurance solution to clients.
- Underwrite new and renewal accounts to meet top and bottom-line targets (local and/or regional).
- Negotiate participation, pricing and terms and conditions with brokers. Proactively manage capacity.
- Underwrite and evaluate Natural Catastrophe exposures and accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios.
- Design and execute compliant International Insurance Programs
- Underwrite to the governance framework - e.g., Underwriting Authorities, global underwriting standards, guidelines, rules, and principles.
- Achieve contract certainty on all accounts at time of inception.
- Utilise global pricing tools.
- Place and bind FAC Reinsurance prior to policy inception.
- Maintain accurate and comprehensive records and notes for each risk and transaction handled.
- Proactively support completion of policy administration, documentation, and credit control
- Support development and execution of regional Underwriting strategy
- Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary)
- Proactively liaise with Distribution Management on sales planning and market management initiatives
- Positively represent Allianz Commercial to the market in external events and meetings.
- Collaborate with all functional areas in the Underwriting process, such as Distribution, Risk Consulting, Claims, Operations and Legal & Compliance
- Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders such as trade associations or service providers.
- Develop and maintain strong relationships within Allianz across functions and entities.
- Experience in underwriting profitable business and knowledge of policy wordings and portfolio management techniques would be advantageous.
- Demonstrable, established relationships with brokers at peer group level and established networks within the insurance market.
- Broad knowledge of regional / local insurance markets and competitor landscape.
- General understanding of legal and regulatory framework.
- Experience working in complex, global matrix organization.
- Early career professionals with some prior knowledge and experience working in the insurance sector are welcome to apply.
- Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards and knowledge of climate change trends particularly in Asia.
- Pricing and Market management: Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs.
- Communication & Presentation: Ability to express ideas and messages clearly, both written and verbally. Ability to "sell" an improvised or prepared audience winning story.
- Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire.
- Sales and Marketing Skills: To present and describe the Allianz value proposition to clients.
- Preferably a degree in Engineering, Business Science, Economics, or other appropriate discipline.
- Completion of relevant professional insurance qualifications e.g., CII.
- Fluent in written and spoken English.
- Fluency in an Asian second language is an advantage.
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