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Job Level:  Entry Level

Unterföhring, DE, 85774

Due Date:  03.11.2021
Area of Expertise:  Underwriting
Unit:  Allianz Global Corporate Specialty
Job Type:  Full-Time
Remote Job:  Home office
Employment Type:  Permanent
ID:  1276

Job Role/Purpose 


At Allianz Global Corporate & Specialty (AGCS), we combine specialist expertise and global reach with high levels of AA rated underwriting capacity to industry specific exposures. This allows us to establish a reputation as leaders of some of the largest commercial and most complex Financial Lines (e.g. Directors & Officers Liability, POSI, Cyber) risks in the market. 


Reporting to Chief Underwriter Financial Lines Germany, you will work closely with clients and brokers to develop personalised solutions as well as developing new relationships. You will be responsible for underwriting profitable new and renewal business to meet Line of Business targets regionally including global elements. Your responsibilities also include negotiating participation, pricing and terms & conditions, acquiring new business and retaining existing business. 

At AGCS, we have a 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. 


Key Responsibilities 


In this role you will…. 

  • Underwrite in line with Allianz/AGCS governance framework - e.g. Underwriting Authorities, Underwriting Guidelines, Rules and Principles 

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

  • Drive involvement of functional areas in Underwriting process, including Distribution, Risk Consulting, Claims, Operations 

  • Contribute to the development and execution of regional Underwriting strategy for Financial Lines  

  • Create and maintain positive relationships with key producers and clients and other relevant stakeholders (e.g. risk managers) 

  • Ensure accurate policy documentation is issued to producers (where it is AGCS’ responsibility to do so) or producers has issued documentation (where producer responsibility). 


Key Requirements/Skills/Experience 

  • Preferably you have successfully finished an apprenticeship as insurance business management assistant; an additional education/degree in Business Administration is preferred 

  • You have at least 2 years’ experience as an Underwriter or Account Technician in the global P&C Insurance sector and the handling of International Insurance Programmes (IIPs) 

  • Good understanding of AGCS processes and IT systems, such as Global Genius, GPS is preferred 

  • Experience working in a complex, global matrix organization would be an advantage 

  • Ability to assess risk inherent exposures relevant to the product 

  • Analyse current performance against benchmarks applying how the market operates and functions, the business and customer needs 

  • You have a robust understanding of the policy administration life cycle, information collection, policy issuance, premium bookings, credit control, and cancellation 

  • You can express ideas and messages clearly and effectively both verbally and in writing.  

  • Ability to persuade and motivate others to act, without executive authority 

  • You embrace agile working and engage in constant learning, to adapt to internal and external customer needs 

  • Fluent in English and German 


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 http://www.agcs.allianz.com or follow us on Twitter @AGCS_Insurance and LinkedIn.


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