(Senior) Underwriter, Liability

at  Allianz

KEY EXPERIENCE / REQUIREMENTS / SKILLS:

Required Experience

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

Required Education

• Preferably a degree in Business Management, Actuarial, Insurance/risk management or other appropriate discipline
• Completion of professional insurance qualification (e.g., CII, CGI).

Technical Skills

• Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to LoB.
• Pricing and Market Management: Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs.
• Contract Drafting and Interpretation: Design, develop and implement consistent, robust wordings.
• Policy Management: Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.

General Skills

• Communication & Presentation: Ability to express ideas and messages clearly, both written and verbally. Ability to “sell” an improvised or prepared audience winning story.
• Influencing skills: Ability to persuade and motivate others to act, without executive authority.
• Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire.

Languages

• Fluent in English. Fluency in any other local language is a plus.

JOB PURPOSE/ROLE:

In this role, you are responsible for underwriting profitable new and renewal business to meet the Liability Line of Business (LoB) targets locally/regionally. You are also responsible for negotiation of participation, pricing, and terms and conditions. You will take ownership of accounts/clients, develop and maintain strong relationships with brokers and clients.

KEY RESPONSIBILITIES:

Underwrite Profitable Business

• Underwrite new and renewal accounts to meet top and bottom-line targets (local and/or regional). Negotiate participation, pricing and terms and conditions with brokers. Proactively manage capacity.
• Underwrite International Insurance Programs (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 utilisation 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 Allianz Commercial 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.

Support Underwriting Strategy & Leadership

• Support development and execution of regional Underwriting strategy for LoB regionally.
• Training, developing and coaching of less experienced staff (including junior underwriters, operations, credit control).

Market Management

• Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary).
• Proactively liaise with Distribution Management team on market management initiatives.

Relationship Management

• Positively represent Allianz Commercial externally to the market.
• Proactively drive involvement of functional areas in Underwriting process, including e.g., Distribution Management, Risk Consulting, Claims and Operations.
• Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders.