At a Glance
- Tasks: Drive underwriting excellence and shape product direction in a senior role.
- Company: Join Allianz Commercial, a leader in inclusivity and innovation.
- Benefits: Enjoy flexible working, competitive pay, and a range of perks.
- Other info: Hybrid work model with opportunities for career growth and development.
- Why this job: Make a real impact in the Motor Fleet sector with your expertise.
- Qualifications: Proven underwriting experience and strong analytical skills required.
The predicted salary is between 60000 - 75000 £ per year.
This job is with Allianz Commercial, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community.
Role Description
You will be a senior technical expert for a product line within UK Markets, driving underwriting excellence, shaping product direction and supporting complex decision-making to deliver strong customer and financial outcomes. This is a highly influential role within Motor Fleet, combining deep technical expertise with strategic insight and market engagement.
Location: Candidates may be based at any of our sites across the country; please note that this is a hybrid working role with the expectation to attend the office 2-3 times per week.
Salary Information: Pay is dependent on experience, skills and location and is part of our total reward package.
About You
- Shape and evolve product-level underwriting strategy through expert technical, commercial and market insight.
- Act as the recognised referral point for complex and non-standard risks, making sound underwriting decisions within authority.
- Deliver profitable outcomes across complex risks and portfolios, balancing customer value with financial performance.
- Apply strong understanding of profit and loss, KPIs and portfolio dynamics to inform underwriting decisions.
- Set technical underwriting standards and provide expert guidance on referred cases.
- Build underwriting capability by supporting development of knowledge, judgement and technical expertise across teams.
- Design and deliver technical training, including mentorship and capability development for product underwriters.
- Represent the product externally and internally, engaging with brokers, customers and stakeholders.
- Translate market developments, regulatory change and customer feedback into product and underwriting insight.
- Support product development, segmentation and continuous improvement activity.
- Collaborate with underwriting leadership and managers to support profit, growth and underwriting performance.
Essential Skills
- Proven Underwriting expertise in Motor Fleet.
- Strong analytical and critical thinking capability to interpret data and inform decisions.
- Proven commercial acumen with understanding of market dynamics, risks and opportunities.
- Deep technical underwriting expertise, including risk assessment, pricing considerations and policy coverage.
- Strong understanding of claims drivers and application of risk management techniques.
- Knowledge of underwriting governance, appetite and regulatory frameworks.
- Expertise in policy wordings, clauses and non-standard covers.
- Understanding of reinsurance principles, including facultative reinsurance.
- Ability to influence and collaborate with senior stakeholders and external partners.
- Excellent communication skills, with the ability to convey complex information clearly.
- Ability to make decisions and develop solutions in complex and ambiguous environments.
Desirable Skills
- ACII qualification (or progression towards) and relevant underwriting accreditations.
- Experience in product development and segmentation within a line of business.
- Proven ability to deliver strategy and technical improvements aligned to business objectives.
- Strong track record of influencing outcomes across complex stakeholder environments.
- Experience mentoring or developing underwriting capability.
- Responsible Artificial Intelligence usage.
What We Will Offer You
Recognised and rewarded for a job well done, we have a range of flexible benefits for you to choose from - so you can pick a package that's perfect for you. We also offer flexible working options, global career opportunities across the wider Allianz Group, and fantastic career development and training. That's on top of enjoying all the benefits you'd expect from the world's number one insurance brand, including:
- Flexible buy/sell holiday options.
- Hybrid working.
- Annual performance related bonus.
- Contributory pension scheme.
- Development days.
- A discount up to 50% on a range of insurance products including car, home and pet.
- Retail discounts.
- Volunteering days.
Our Ways of Working
Do you need flexibility with the hours you work? Let us know as part of your application and if it's right for our customers, our business and for you, then we'll do everything we can to make it happen. Here at Allianz, we are signatories of the ABIs flexible working charter. We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements. Our aim with this is to help innovation, creativity, and you to thrive - Your work life balance is important to us.
Integrity, Fairness, Inclusion & Trust
At Allianz, we believe in fostering an inclusive workforce and are proud to be an equal opportunity employer. Our commitment to equal opportunities, gender equity, and balanced gender representation, is demonstrated by our numerous accreditations: EDGE certified for gender inclusion, Women in Finance Charter members, Disability Confident employer, Stonewall Diversity Champion, Business in the Community's Race at Work Charter signatories, and Armed Forces Covenant gold standard employer.
We embrace neurodiversity and welcome applications from neurodivergent and disabled candidates, offering tailored adjustments to ensure your success. We encourage our employees to advocate for their needs, whether it's assistive technology, ergonomic equipment, mentoring, coaching, or flexible work arrangements.
Accessible Application for All
As part of the Disability Confident Scheme, we support candidates with disabilities or long-term health conditions through the Offer an Interview Scheme, for those meeting the essential skills for the role. Contact our Resourcing team to opt into this scheme or for assistance with your application, including larger text, hard copies, or spoken applications.
For any inquiries or to submit your application, please contact: Aoife Magee
Closing date: 08/07/2026. We reserve the right to close the advert early if we reach enough applications.
Join us - Let's Care for Tomorrow.
Principal Underwriter Motor Fleet in Surrey employer: Allianz Commercial
Allianz Commercial is an exceptional employer that prioritises inclusivity and employee well-being, offering a hybrid working model that allows for flexibility and work-life balance. With a strong commitment to professional development, employees benefit from tailored training opportunities, mentorship, and a comprehensive rewards package that includes performance bonuses and generous holiday options. Located across the UK, Allianz fosters a collaborative culture where diverse perspectives are valued, making it an ideal place for those seeking meaningful and rewarding careers in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Principal Underwriter Motor Fleet in Surrey
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
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✨Look Out for Graduate Schemes
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✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Allianz Commercial. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Principal Underwriter Motor Fleet in Surrey
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Allianz Commercial.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Allianz Commercial. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Allianz Commercial
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Allianz Commercial to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Allianz Commercial, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Allianz Commercial's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
