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Job Level:  Professional

Milan, IT, 20145

Available until:  10/31/2022
Area of Expertise:  Underwriting
Unit:  Allianz Global Corporate & Specialty
Employing Entity:  AGCS SE
Job Type:  Full-Time
Remote Job:  Not applicable
Employment Type:  Permanent
ID:  15374

15374 | Underwriting | Professional | Non-Executive | Allianz Global Corporate & Specialty | Full-Time | Permanent




Based in Milan and reporting directly to the Head of Financial Lines of Mediterranean & Africa Region, you will be in charge of developing and executing the strategy for the Financial Institutions and Commercial business into the Region. With strong ties to the Regional Practice Group Leaders and senior underwriters, as well as the Head of Financial Lines, you will also support the FL global and country strategy to ensure the successful achievement of the AGCS targets. You will be contact person for brokers and clients working with the Financial Lines team, jointly with the Distribution team, also outside Italy with close contact with the other countries of the Mediterranean and Africa Region.




  • Support the Leader of FL: ensure underwriters comply with underwriting authority, pricing and rating guidelines
  • Support the Leader of FL to prepare and manage any budget and/or targets within the plan
  • Steer and control the FL portfolio at Regional level in conjunction with the Head of FL to drive the achievement of financial targets
  • Drive underwriting planning process and monitor adherence to plan, taking corrective action as necessary
  • Proactively liaise with functional areas to review performance of end-to-end underwriting life cycle
  • Work closely with Distribution, Claims and other product lines to achieve key marketing strategies, including cross-selling, and including a portfolio creation in other new countries of the Region like Greece & Cyprus, Turkey, Middle East countries.
  • Ensure underwriting consistency and underwriting discipline and adherence to all corporate guidelines and authority levels, including Rules and Principles, Underwriting Authorities, corporate governance rules, and local regulatory framework
  • Proactively support the development and implementation of new and/or modified products
  • Maintain executive contacts and accompany the Underwriting of all core or strategic accounts
  • Support the acquisition of new business and retention of existing business (including client and broker negotiations where necessary)
  • Coordinate with local Distribution team to drive successful execution of strategic plan
  • Communicate local business strategy externally
  • Drive involvement of Distribution, Risk Consulting and Claims in Underwriting process




  • Master's degree in Law or Business Administration
  • Proven (e.g. 5 years) experience in underwriting profitable Financial Lines business for corporate clients
  • Proven experience in pure Financial Institutions business
  • Successful leadership skills
  • Expertise in risk assessment and a firm understanding of policy administration life cycle
  • Sound knowledge of pricing, together with strong market analysis skills
  • Ideally experience in designing, developing, and implementing consistent and robust wordings
  • Ideally experience in driving underwriting projects
  • Entrepreneurial mindset
  • Strong communication skills and open cultural mindset to work with different countries of the Region
  • Able to work in an international matrix organization
  • Fluent in Italian and English (ideally French too)



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. 
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.
We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.
Join us. Let's care for tomorrow.

Both genders may apply in accordance with the L. 903/77 (s.m.i).