Sustainable Underwriting Lead

at  Allianz UK

SKILLS & EXPERIENCE:

• Demonstrable knowledge of ESG frameworks, methodologies, standards, and trends. Examples include PCAF, EU/ Green Taxonomy, CSRD, TCFD, TCND and ISSB.
• Data Management and Impact Measurement – experience in non-financial business monitoring and reporting preferred.
• Underwriting / Pricing / Product / Claims – Experience in core insurance activities.
• Creative and Innovative Thinking - Proven track record in change management, transformation and strategy development
• Qualified to 2.1 degree level or equivalent in any discipline OR significant and relevant business experience.
• ACII or equivalent qualified, or making progress towards professional development
• A self-starter who is proactive and can manage their own priorities and deliver impact self-sufficiently.
• Goal-oriented with the ability to successfully manage multiple initiatives simultaneously and to meet all deadlines.
• A passion for teamwork and collaboration

ROLE PURPOSE

AZ UK is strengthening its focus on driving Sustainability initiatives and activity across the business. A Commercial Sustainable Underwriting Lead is needed to specifically focus on driving Sustainability initiatives, ambitions and targets in respect of commercial sustainable underwriting. The role holder will report into the AZC Chief Underwriting Officer within the Commercial Business Area, and will be the key responsible person for driving sustainable underwriting initiatives in the commercial area.
The Lead will be responsible for delivering the underwriting initiatives in line with the wider AZ UK Sustainability Strategy and with the Global Sustainability Strategy and local laws and regulations. The role holder will proactive lead, implement and drive Sustainability underwriting initiatives in the commercial business area. To achieve the ambitions and targets the role holder will be required to manage internal and external stakeholders and to collaborate closely with different business functions.

KEY RESPONSIBILITIES:

• Deliver the AZC sustainable underwriting elements of the UK Sustainability strategy, ambitions and targets that aligns with the Global strategy, enables business growth and meets customers’ needs. Lead implementation and delivery of Sustainable Solution (SuSo) certification and portfolio decarbonisation initiatives for AZC, in line with UK strategy and industry standards and methodologies, such as PCAF.
• Proactively identify initiative value, impact, areas for improvement and drive and track progress in Sustainable underwriting activities.
• Establish relevant and accurate reporting and data for Sustainable underwriting initiatives. Ensure quality of reporting is in place for appropriate steering and monitoring of KPIs and targets, including providing transparent and regular updates to key stakeholders and governance forums.
• Actively participate in relevant AZ-UK governance forums (incl. Sustainability Forum) and the Sustainability Working Groups representing sustainable underwriting for AZC.
• Key contributor and subject matter expert for managing underwriting-related climate risk in Commercial including providing regular input into established risk processes, scenario analysis and risk scanning exercises.
• Act as the provider of subject-matter expertise for Sustainable underwriting matters. Monitor and provide insight on future trends, competitor activity and industry developments to maximise Sustainable underwriting and product opportunities.
• Act as a the accountable owner for commercial sustainable underwriting to the UK Head of Sustainability and align closely with the central Sustainability team to manage key risks, find opportunities, report progress and deliver against targets in line with the UK Sustainability strategy.
• Lead and embed underwriting-related processes and sound governance process in line with Corporate rules and the Allianz Standard for the Integration of Sustainability (ASIS)
• Collaborate and build relationships with internal stakeholders, including senior leaders and subject matter experts to achieve relevant initiatives and targets. Strong focus on working in partnership with the AZP Sustainable Underwriting lead to share best practice, deliver on UK-level targets and align working practices and approaches.
• Build strong relationships, interaction and engagement with H7 on Commercial Sustainable underwriting matters, including responding to data / information requests and representing the UK on key initiatives.
• Deliver the AZC sustainable underwriting contribution to external reporting requirements including TCFD reporting, NFSI reporting, CSRD, ClimateWise and other regulatory reporting requirements for Sustainable underwriting initiatives.
• Collaborate and work with AZ Commercial Underwriting and Pricing functions including Account Managers, Underwriting Governance, Portfolio Steering, Pricing & Analytics teams.