Senior Underwriter Engineering (m/f/d)

Job Level:  Professional

Hamburg, DE, 22297

Area of Expertise:  Underwriting
Unit:  Allianz Commercial
Employing Entity:  Allianz Global Corporate & Specialty SE
Job Type:  Full-Time
Remote Job:  Hybrid working
Employment Type:  Permanent
ID:  22804
Position Cluster: 

Let’s care for tomorrow.
Your ambitions.  Your dreams.  Your tomorrow.


At Allianz Global Corporate and Specialty SE (AGCS), 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, Allianz Global Corporate and Specialty (AGCS) has the major risks covered when it comes to protecting businesses.


We are looking for a Senior Underwriter Engineering (m/f/d) – based in Hamburg.

The Impact You Will Have 
As a Senior Underwriter for Engineering in the Energy & Construction (E&C) division, you will be responsible for underwriting profitable new business as well as maintaining and securing existing customer relationships to achieve the E&C division's goals. You will manage our key accounts, lead negotiations, and set pricing and contract terms.

At AGCS, we promote the hybrid work model to provide our employees (m/f/d) with a high degree of flexibility in terms of work organization and to better accommodate their individual needs.

Some of your specific responsibilities could include

  • Develop and maintain relationships with key brokers and customers as well as other relevant stakeholders (e.g., risk managers) 
  • Acquire new business and renew existing contracts as part of the underwriting strategy 
  • Negotiating prices and terms with brokers and/or customers 
  • Assessment and evaluation of risks submitted 
  • Evaluation of CatNat risks and execution of accumulation control 
  • Calculations with global AGCS pricing tools and segment-related portfolio control
  • Maintaining the order of reinsurance 
  • Implementation and support of international insurance programs within the global Allianz network 
  • Proactive involvement of different functional areas within the defined underwriting process, (Allianz Risk Consulting, Operations, Claims, Reinsurance)
  • Support the development of an underwriting strategy for the Energy & Construction division


What You’ll Bring to the Role

  • Several years of experience in the industrial segment of technical insurance  
  • Extensive knowledge of regional and international insurance markets in the technical insurance segment 
  • Good understanding of customer needs 
  • Very good knowledge of the individual lines of technical insurance and the portfolio, as well as their legal and regulatory frameworks 
  • Sound knowledge of contract drafting (including negotiation and implementation of insurance law formulations) 
  • Excellent written and oral communication skills in German and English as well as negotiation skills


22804 | Underwriting | Professional | Allianz Commercial | Full-Time | Permanent


What’s in it for you?


Let’s care about everything that makes you, you
We are committed to nurturing an inclusive environment where everyone feels they belong.  We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working.  Please feel free to discuss flexible working arrangements with us.


Let’s care for your financial wellbeing
We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.


Let’s care for your opportunities to progress
From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.


Let’s care for life’s twists and turns
From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach.  We’ve got your back.


Let’s care for our society and our planet
With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.


Care to join us?

Allianz Global Corporate & Specialty (AGCS) is a global corporate insurance carrier and part of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.  Learn more about us by clicking here.

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic.  Diversity of thinking is an important part of our company culture.


People with disabilities:
We want to give all our candidates the best opportunity to succeed.  If you need any adjustments to be made during the application and selection process, please email


Recruitment Agencies: 
AGCS has an in-house recruitment team, which focuses on sourcing great candidates directly. AGCS 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 managers directly.