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Senior Underwriter - Financial Lines, Singapore, Southeast Asia

Job Level:  Professional

Singapore, SG, 068897

Available until:  31/03/2023
Area of Expertise:  Underwriting
Unit:  Allianz Global Corporate & Specialty
Employing Entity:  Allianz Global Corporate & Specialty SE
Job Type:  Full-Time
Remote Job:  Hybrid working
Employment Type:  Permanent
ID:  19606

Let’s care for tomorrow.

Your ambitions. Your dreams. Your tomorrow


At 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.


Job Purpose / Role:

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


Key Responsibilities:

Underwrite Profitable business

Underwrite new and renewal accounts to meet top and bottom-line targets

Negotiate participation, pricing and terms and conditions with brokers

Proactively manage capacity

Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios (for relevant LoBs)                                                                                                                                                                                                                                                                                        

Underwriting Approach and Compliance

Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles

Ensure contract certainty is achieved on all accounts at time of inception

Ensure utilization of global pricing tools

Ensure placing and binding of FAC Reinsurance prior to policy inception                                                                                                                                                                                                                                                                                

Policy Documentation and Administration

Ensure accurate policy documentation issued to broker (where AGCS responsibility to do so) or broker has issued documentation (where broker responsibility)

File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled

Proactively support completion of policy administration and credit control processes                                                                                                                                                                                                                                                                                          

Market Management

Proactively support acquisition of new business and retention of existing business  (including client and broker negotiations where necessary)

Proactively liaise with MMC on market management initiatives                                                                                                                                                                                                                                                                                

Relationship Management

Positively represent AGCS externally to the market

Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations

Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)                                                                                                                                                                                                                                                                                                                                                                                   


Key Experience / Requirements / Skills:

  • Proven track record in Underwriting profitable business in LoB. Understanding of LoB products and portfolio
  • Demonstrable, established relationships with brokers at peer group level                                              
  • Good understanding of regional / local LoB insurance markets and competitor landscape                                  
  • Understanding of legal and regulatory framework                                       
  • Experience working in complex, global matrix organization                                      


General Skills:

  • Communication skills: Clearly and effectively express ideas and messages via speech or writing.                      
  • Influencing skills: Ability to persuade and motivate others to act, without executive authority                           
  • Analytical Skills: Ability to effectively absorb information from various sources, then analyze, study or examine data in detail, and draw appropriate conclusions.                 



  • Preferably a degree in Economics, Law, or other appropriate discipline                                   
  • Progress towards professional insurance qualification (e.g. CII)                                 



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 programmes 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.


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.