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Underwriting Product Manager Hull (m/f/d)

Job Level:  Professional
Location: 

London, GB, EC3V 0HR

Due Date:  ASAP
Area of Expertise:  Underwriting
Unit:  Allianz Global Corporate & Specialty
Job Type:  Full-Time
Remote Job:  Not applicable
Employment Type:  Permanent
ID:  7938

Whether it’s airplanes, satellites, the world’s biggest ships and tallest building, cyber-attacks or climate change impacts, Allianz Global Corporate and Specialty (AGCS) have got the major risks fully covered when it comes to protecting businesses.

 

Job Purpose/Role 

 

Reporting direct to the Global Product Leader you will supporting 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.

 

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 
•    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

 

To be successful in the role:

 

You will have…

 

•    Significant experience in Underwriting profitable business in Marine. You will be a specialized expert in understanding of Hull and Marine Liability products
•    Demonstrable, established relationships with brokers at peer group level and well established within market
•    Specialized understanding of regional / local Line of Business insurance markets and competitor landscape, including global elements
•    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


Ideally you will also have…

 

•    The ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire
•    The ability to develop, implement and communicate strategies to address important trends or changes in the business
•    The ability to express ideas and messages clearly, both written and verbally.  Ability to "sell" an improvised or prepared audience winning story

 

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.

 

The benefits of joining AGCS

 

•    Hybrid working model, which recognizes the value in a balance between remote and office based working, giving you the flexibility to organize the way you work
•    An exciting and versatile job with an opportunity to work alongside skilled and specialised colleagues from all over the world 
•    An environment where innovation and challenging the status quo is encouraged
•    Wellbeing policies/initiatives to support a positive work life balance 
•    A competitive compensation and benefits package including generous bonus scheme  
•    Continuous learning: A large portfolio of continuous learning opportunities to help you stay relevant in your current role, grow into future roles and meet the demands of the workplace
•    Diverse and inclusive culture: You will be accepted for who you are and empowered to use your voice to help others find theirs

 

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. 

 

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.Worldwide, AGCS operates with its own teams in 31 countries and through the Allianz Group network and partners in over 200 countries and territories, employing over 4,400 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2020, AGCS generated a total of €9.3 billion gross premium globally. 


In 2020, AGCS announced a new strategy and transformation program called New AGCS which aims to comprehensively transform the company, creating a mutually beneficial relationship with stakeholders. This  is  an  exciting  time  to  join  AGCS  as we continue  on  our  journey  of  transformation, regaining market leadership and achieving success together. You can grow your career through meaningful work supporting our customers, while learning from expert colleagues.

 

Allianz is an equal opportunity employer and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation. Diversity of minds is an integral part of Allianz’ company culture.

 

Let’s care for tomorrow.