Motor Underwriting Expert

at  Allianz Nigeria Insurance Ltd

Allianz Nigeria Insurance Limited is a composite Insurance company licensed to transact Life and Non-Life Insurance business in Nigeria, delivering a range of retail products likeMotor, Life, Home Insurance and corporate products to more than 30,000 customers.
We addressthe health and wellbeing protection needs of our clients worldwide, we offer international health, life and disability insurance, as well as a wide range of health and protection services to private individuals, families, organizations and partners.
We are recruiting to fill the position below:

JOB DESCRIPTION

• Ensure the management of the Motor Underwriting functions.
• Support development and execution of Underwriting strategy for LoB (s)
• Contribute to the development of business relationships with intermediaries and clients to achieve the company objectives and satisfy the clients’ needs.
• Coordinate with the production service to draw up the contract drafts for important/complex businesses.
• Monitor the achievements of development plans established by the underwriters.
• Develop sufficient market insights and trend awareness for markets and clients to become a competent sparring partner for specific questions regarding Motor UW.
• Within the limits of his/ her underwriting authorities, process quotations for which the underwriting authorities of the underwriters are exceeded.
• Underwrite and negotiate the business according to the underwriting authority, department’s risk appetite, and “The Allianz Way of Underwriting”
• Define the underwriting’s modalities of a contract (agreement, pricing, guaranties).
• Consult stakeholders for development of LoB specific global strategy, i.e. Global P&C and ASU office for guideline matters or referral UW.
• Develop concepts to implement technical excellence in UW matters.
• Ensure UW consistency and discipline as well as adherence to all corporate guidelines and authority levels.
• Strive for high qualitative results in respective LoB / area and coordinates with other service areas of the organization to ensure superior client service.
• Drive local portfolio management, including analysis to monitor profitability and growth, and recommend aspects requiring change or remedial action.
• Support proposition development and transfer through ownership of the control framework.
• Be responsible for the placement of all facultative business of AZNGs with the target to reduce premium leakage outside the Group. Coordinate the frontings For AGCS and other Allianz entities.

JOB REQUIREMENTS

• Minimum of 5 years of cognate experience in the insurance industry.
• CIIN is an added advantage.
• Pricing and Market Management skills.
• Complex problem solving and decision-making skills.
• Strategic and Operational Leadership skills.
• Contract Drafting and Interpretation skills.
• Excellent Negotiation skill.

Please refer the Job description for details