Senior Property Underwriter – Hong Kong

Allianz Global Corporate & Specialty
  • Job Purpose/ Role

    ##Underwrite profitable new and renewal business to meet LoB targets locally/regionally~crlf~##Negotiation of participation, pricing and terms and conditions~crlf~##Ownership of accounts / clients~crlf~##Training and development of team and referral point for other underwriters~crlf~##Develop and maintain strong relationships with brokers and clients~crlf~ ~crlf~Future Challenges:~crlf~##Effective working within the global matrix

  • Key Responsibilities

    Underwrite Profitable business~crlf~##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.~crlf~##Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios (for relevant LoBs). Underwrite International Insurance Programs (for relevant LoBs)~crlf~ ~crlf~Underwriting Approach and Compliance~crlf~##Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles~crlf~##Ensure contract certainty is achieved on all accounts at time of inception~crlf~##Ensure utilisation of global pricing tools~crlf~##Ensure placing and binding of FAC Reinsurance prior to policy inception~crlf~ ~crlf~Policy Documentation and Administration~crlf~##Ensure accurate policy documentation issued to broker (where AGCS responsibility to do so) or broker has issued documentation (where broker responsibility)~crlf~##File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled~crlf~##Proactively support completion of policy administration and credit control processes~crlf~ ~crlf~Support Underwriting Strategy & Leadership~crlf~##Support development and execution of regional Underwriting strategy for LoB regionally~crlf~##Training, developing and coaching of less experienced staff (including junior underwriters, operations, credit control)~crlf~##Manage standard referrals from underwriters and spokes and re-underwrite complex business as appropriate~crlf~##Delegate work as appropriate~crlf~ ~crlf~Market Management~crlf~##Proactively support acqusition of new business and retention of existing business (including client and broker negotiations where necessary)~crlf~##Proactivley liaise with MMC on market management initiatives~crlf~ ~crlf~Relationship Management~crlf~##Positively represent AGCS externally to the market~crlf~##Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations~crlf~##Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)

  • Key Requirements/ Skills

    Type of Experience:~crlf~##Proven track record in Underwriting profitable business in Property, in Hong Kong, Macau, Taiwan and the region~crlf~##Demonstrated international underwriting experience (e.g. IIP) and good understanding of LoB products and portfolio~crlf~##Demonstrable, established relationships with brokers at peer group level and established within market~crlf~##Good understanding of regional / local LoB insurance markets and competitor landscape~crlf~##Understanding of legal and regulatory frameworks in the region~crlf~##Experience working in a complex, global matrix organization, alongside local and regional colleagues~crlf~ ~crlf~Technical Skills:~crlf~##Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to LoB~crlf~##Pricing and Market mgt: Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs~crlf~##Contract Drafting and Interpretation: Design, develop and implement consistent, robust wordings~crlf~##Policy Management: Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation. ~crlf~ ~crlf~General Skills:~crlf~##Communication & Presentation: Ability to express ideas and messages clearly, both written and verbally. Ability to "sell" an improvised or prepared audience winning story~crlf~##Influencing skills: Ability to persuade and motivate others to act, without executive authority~crlf~##Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire~crlf~ ~crlf~Education/Certification:~crlf~##Preferably a degree in Economics, Law, or other appropriate discipline~crlf~##Completion of professional insurance qualifcation (e.g. CII)~crlf~ ~crlf~Languages:~crlf~##Local language - Fluent (able to negotiate)~crlf~##English - Working knowledge

  • Additional Information

    AGCS is dedicated to offering its employees an environment open for learning and development and hosts its own Underwriting Academy to drive continued excellence in underwriting and to better understand and serve our clients’ needs.

  • About Allianz

    Allianz is the home for those who dare – a supportive place where you can take the initiative to grow and to actively strengthen our global leadership position. By truly caring about people – both its 88 million private and corporate customers and more than 140,000 employees – Allianz fosters a culture where its employees are empowered to collaborate, perform, embrace trends and challenge the industry. Our main ambition is to be our customers’ trusted partner, instilling them with the confidence to grow. If you dare, join us at Allianz Group.~crlf~~crlf~Allianz is an equal opportunity employer. Everybody is welcome, regardless of other characteristics such as gender, age, origin, nationality, race or ethnicity, religion, disability, or sexual orientation.

    Allianz Global Corporate & Specialty (AGCS) is the Allianz Group's dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (incl. Space), Energy, Engineering, Entertainment, Financial Lines (incl. D&O), Liability, Mid-Corporate and Property insurance (incl. International Insurance Programs).

    Worldwide, AGCS operates in 30 countries with own units and in over 210 countries and territories through the Allianz Group network and partners. In 2016, it employed around 5,000 people and provided insurance solutions to more than three quarters of the 'Fortune Global 500' companies, writing a total of €7.6 billion gross premium worldwide.~crlf~~crlf~AGCS SE is rated AA by Standard & Poor’s and A+ by A.M. Best.~crlf~~crlf~More information about careers at Allianz Global Corporate Specialty can be found at www.agcs.allianz.com/careers~crlf~~crlf~

Job Purpose/ Role

##Underwrite profitable new and renewal business to meet LoB targets locally/regionally~crlf~##Negotiation of participation, pricing and terms and conditions~crlf~##Ownership of accounts / clients~crlf~##Training and development of team and referral point for other underwriters~crlf~##Develop and maintain strong relationships with brokers and clients~crlf~ ~crlf~Future Challenges:~crlf~##Effective working within the global matrix

Key Responsibilities

Underwrite Profitable business~crlf~##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.~crlf~##Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios (for relevant LoBs). Underwrite International Insurance Programs (for relevant LoBs)~crlf~ ~crlf~Underwriting Approach and Compliance~crlf~##Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles~crlf~##Ensure contract certainty is achieved on all accounts at time of inception~crlf~##Ensure utilisation of global pricing tools~crlf~##Ensure placing and binding of FAC Reinsurance prior to policy inception~crlf~ ~crlf~Policy Documentation and Administration~crlf~##Ensure accurate policy documentation issued to broker (where AGCS responsibility to do so) or broker has issued documentation (where broker responsibility)~crlf~##File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled~crlf~##Proactively support completion of policy administration and credit control processes~crlf~ ~crlf~Support Underwriting Strategy & Leadership~crlf~##Support development and execution of regional Underwriting strategy for LoB regionally~crlf~##Training, developing and coaching of less experienced staff (including junior underwriters, operations, credit control)~crlf~##Manage standard referrals from underwriters and spokes and re-underwrite complex business as appropriate~crlf~##Delegate work as appropriate~crlf~ ~crlf~Market Management~crlf~##Proactively support acqusition of new business and retention of existing business (including client and broker negotiations where necessary)~crlf~##Proactivley liaise with MMC on market management initiatives~crlf~ ~crlf~Relationship Management~crlf~##Positively represent AGCS externally to the market~crlf~##Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations~crlf~##Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)

Key Requirements/ Skills

Type of Experience:~crlf~##Proven track record in Underwriting profitable business in Property, in Hong Kong, Macau, Taiwan and the region~crlf~##Demonstrated international underwriting experience (e.g. IIP) and good understanding of LoB products and portfolio~crlf~##Demonstrable, established relationships with brokers at peer group level and established within market~crlf~##Good understanding of regional / local LoB insurance markets and competitor landscape~crlf~##Understanding of legal and regulatory frameworks in the region~crlf~##Experience working in a complex, global matrix organization, alongside local and regional colleagues~crlf~ ~crlf~Technical Skills:~crlf~##Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to LoB~crlf~##Pricing and Market mgt: Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs~crlf~##Contract Drafting and Interpretation: Design, develop and implement consistent, robust wordings~crlf~##Policy Management: Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation. ~crlf~ ~crlf~General Skills:~crlf~##Communication & Presentation: Ability to express ideas and messages clearly, both written and verbally. Ability to "sell" an improvised or prepared audience winning story~crlf~##Influencing skills: Ability to persuade and motivate others to act, without executive authority~crlf~##Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire~crlf~ ~crlf~Education/Certification:~crlf~##Preferably a degree in Economics, Law, or other appropriate discipline~crlf~##Completion of professional insurance qualifcation (e.g. CII)~crlf~ ~crlf~Languages:~crlf~##Local language - Fluent (able to negotiate)~crlf~##English - Working knowledge

Additional Information

AGCS is dedicated to offering its employees an environment open for learning and development and hosts its own Underwriting Academy to drive continued excellence in underwriting and to better understand and serve our clients’ needs.

About Allianz

Allianz is the home for those who dare – a supportive place where you can take the initiative to grow and to actively strengthen our global leadership position. By truly caring about people – both its 88 million private and corporate customers and more than 140,000 employees – Allianz fosters a culture where its employees are empowered to collaborate, perform, embrace trends and challenge the industry. Our main ambition is to be our customers’ trusted partner, instilling them with the confidence to grow. If you dare, join us at Allianz Group.~crlf~~crlf~Allianz is an equal opportunity employer. Everybody is welcome, regardless of other characteristics such as gender, age, origin, nationality, race or ethnicity, religion, disability, or sexual orientation.

Allianz Global Corporate & Specialty (AGCS) is the Allianz Group's dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business: Marine, Aviation (incl. Space), Energy, Engineering, Entertainment, Financial Lines (incl. D&O), Liability, Mid-Corporate and Property insurance (incl. International Insurance Programs).

Worldwide, AGCS operates in 30 countries with own units and in over 210 countries and territories through the Allianz Group network and partners. In 2016, it employed around 5,000 people and provided insurance solutions to more than three quarters of the 'Fortune Global 500' companies, writing a total of €7.6 billion gross premium worldwide.~crlf~~crlf~AGCS SE is rated AA by Standard & Poor’s and A+ by A.M. Best.~crlf~~crlf~More information about careers at Allianz Global Corporate Specialty can be found at www.agcs.allianz.com/careers~crlf~~crlf~


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