Senior Underwriter Property

Allianz Global Corporate & Specialty
  • Job Purpose/ Role

    ## Underwrite profitable new and renewal business to meet Property targets~crlf~## Negotiation of participation, pricing and terms and conditions~crlf~## Ownership of accounts / clients~crlf~## Develop and maintain relationships with brokers and clients

  • Key Responsibilities

    ## Underwrite new and renewal accounts to meet top and bottom line targets~crlf~## Negotiate participation, pricing and terms and conditions with brokers~crlf~## Proactively manage capacity~crlf~## Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe~crlf~ modelling and interpretation of scenarios~crlf~## Underwrite in line with Property governance framework - e.g. Underwriting Authorities, global MSU,~crlf~ 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~## Ensure accurate policy documentation issued to broker (where AGCS responsibility to do so) or broker has~crlf~ issued documentation (where broker responsibility)~crlf~## File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk~crlf~ and transaction handled~crlf~## Proactively support completion of policy administration and credit control processes~crlf~## Proactively support acquisition of new business and retention of existing business (including client and~crlf~ broker negotiations where necessary)~crlf~## Proactively liaise with MMC on market management initiatives~crlf~## Positively represent AGCS externally to the market~crlf~## Proactively drive involvement of functional areas in underwriting process, including e.g. MMC, ARC, ~crlf~ Claims, Operations~crlf~## Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders~crlf~ (e.g. risk managers)

  • Key Requirements/ Skills

    ## Proven track record in Underwriting profitable business in Property.~crlf~## University Bachelors Degree in either Business Administration, Insurance and Risk management or~crlf~ Economics~crlf~## Understanding of products and portfolio~crlf~## Demonstrable, established relationships with brokers at peer group level~crlf~## Proven track record in Underwriting profitable business with minimum 6 years' experience.~crlf~## Robust understanding of Property products and portfolio~crlf~## Experience working in complex, global matrix organization~crlf~## Be a self-starter and self-motivated~crlf~## Be a team player with ability to also work and think independently~crlf~## Be able to communicate effectively with all levels of organisation and externally to clients and brokers~crlf~## Have a strong analytical ability

  • Additional Information

    Due to local statutory requirements suitably qualified EE candidates will be given preference, though~crlf~all suitable candidates will be considered.

  • 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 Property targets~crlf~## Negotiation of participation, pricing and terms and conditions~crlf~## Ownership of accounts / clients~crlf~## Develop and maintain relationships with brokers and clients

Key Responsibilities

## Underwrite new and renewal accounts to meet top and bottom line targets~crlf~## Negotiate participation, pricing and terms and conditions with brokers~crlf~## Proactively manage capacity~crlf~## Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe~crlf~ modelling and interpretation of scenarios~crlf~## Underwrite in line with Property governance framework - e.g. Underwriting Authorities, global MSU,~crlf~ 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~## Ensure accurate policy documentation issued to broker (where AGCS responsibility to do so) or broker has~crlf~ issued documentation (where broker responsibility)~crlf~## File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk~crlf~ and transaction handled~crlf~## Proactively support completion of policy administration and credit control processes~crlf~## Proactively support acquisition of new business and retention of existing business (including client and~crlf~ broker negotiations where necessary)~crlf~## Proactively liaise with MMC on market management initiatives~crlf~## Positively represent AGCS externally to the market~crlf~## Proactively drive involvement of functional areas in underwriting process, including e.g. MMC, ARC, ~crlf~ Claims, Operations~crlf~## Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders~crlf~ (e.g. risk managers)

Key Requirements/ Skills

## Proven track record in Underwriting profitable business in Property.~crlf~## University Bachelors Degree in either Business Administration, Insurance and Risk management or~crlf~ Economics~crlf~## Understanding of products and portfolio~crlf~## Demonstrable, established relationships with brokers at peer group level~crlf~## Proven track record in Underwriting profitable business with minimum 6 years' experience.~crlf~## Robust understanding of Property products and portfolio~crlf~## Experience working in complex, global matrix organization~crlf~## Be a self-starter and self-motivated~crlf~## Be a team player with ability to also work and think independently~crlf~## Be able to communicate effectively with all levels of organisation and externally to clients and brokers~crlf~## Have a strong analytical ability

Additional Information

Due to local statutory requirements suitably qualified EE candidates will be given preference, though~crlf~all suitable candidates will be considered.

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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We offer an inclusive environment where everyone can be successful
Working flexibly from different locations – whatever works best for you
We recognize strong performance with attractive rewards
We help you to prepare and plan for your future
Join our truly global team and discover international career opportunities
Development programs, Underwriting & Claims Academy for your career enhancement
Sang Hun, AZ RE


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