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UW Cargo Product Manager

Job Level:  Professional
Location: 

London, GB, EC3V 0HR

Due Date:  As soon as possible
Area of Expertise:  Underwriting
Unit:  Allianz Global Corporate Specialty
Job Type:  Full-Time
Remote Job:  Not applicable
Employment Type:  Permanent
ID:  1530

Job purpose/role

The UW Product Manager supports achieving the underwriting results in defined line of business globally; including providing underwriting direction and support, as well acting as referral manager for business that exceeds local underwriting authority.

 

Key Responsibilities

 

In this role you will.....

 

  • Research information on competitive trends, product line trends, producer trends and external environment, including legal, economic, demographic and distribution trends in accordance with the underwriting strategies and regulatory environment
  • Recommend new and revised products and programs, underwriting standards and procedures, and provide guidance on pricing within the regions
  • Monitor a consistent underwriting governance framework for the Marine as well as product result and you will develop proposals to maximize profitability, including the review of claims/large losses/trends
  • Drive implementation of underwriting guidelines, rules and principles, conditions, pricing tools and best practice processes and standards
  • Complete business reviews to ensure quality of execution of local underwriting
  • Support the development and implementation of global MSU, UW guidelines, rules & principles, best practice processes & standards
  • Review and support referrals within area of expertise that exceed Product Lead Authority
  • Ensure appropriate training programs are implemented and maintained to develop the level of underwriting expertise needed
  • Support steering of Global Practice Group process, to drive continuous development of UW expertise through practice
  • Proactively manage and steer NatCat exposure (in liaison with CAT Risk Mgmt and NCCSD)
  • Carry out qualitative analysis, management of the portfolio incl. profitability analysis (e. g. trades, distribution channels etc.) and KPI reporting

 

Key Requirements/Skills/Experience

 

  • You will have significant experience in Underwriting profitable business in Marine. You will be a specialized expert in understanding multiple sub-Line of Business products and portfolio
  • You will have demonstrable, established relationships with brokers at peer group level and well established within market
  • You will have specialized understanding of regional / local Line of Business insurance markets and competitor landscape, including global elements
  • You will have good understanding of legal and regulatory framework as well as the insurance industry, intermediary operations, insurance laws and general business operations and a comprehensive knowledge of competition and marketing conditions
  • You will have knowledge of AGCS and competitor marketing, sales, and UW strategies for assigned Marine
  • You will have the ability to analyse highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire.
  • You will be able to develop, implement and communicate strategies to address important trends or changes in the business
  • Ability to express ideas and messages clearly, both written and verbally.  Ability to "sell" an improvised or prepared audience winning story

 

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. Join us. Let’s care for tomorrow.

 

We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.

 

Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit 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.

Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses, and private individuals. Among them are not only the world’s largest consumer brands, tech companies and the global aviation and shipping industry, but also wineries, satellite operators or Hollywood film productions. They all look to AGCS for smart answers to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience.

Worldwide, AGCS operates with its own teams in 32 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,300 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2019, AGCS generated a total of €9.1 billion gross premium globally.

 

For more information, visit www.agcs.allianz.com or follow us on Twitter @AGCS_Insurance and LinkedIn.

At AGCS UK we are not only impressive for our clients, but also for our employees as we offer the

following generous benefits:

-Flexible buy/sell holiday options

-Bupa private medical insurance

-Generous pension contributions

-Enhanced paid maternity, paternity, shared parental leave

-Sabbaticals

-Flexible working options

-Subsidized on-site massages

-Employee stock purchase plan for Allianz shares

-Education / study sponsorship

-Global mobility within AGCS and the wider Allianz Group

…and many more individual flexible benefits to choose from. We pride ourselves on our approach to wellbeing and provide regular seminars, activities, and events devoted towards the overall health of our employees.