At a Glance
- Tasks: Underwrite clinical trials and collaborate with brokers to achieve financial targets.
- Company: Join Allianz Commercial, a leader in insurance for mid-sized businesses and large enterprises.
- Benefits: Enjoy a hybrid working model, generous bonuses, and extensive health support.
- Other info: Be part of an inclusive culture that values sustainability and community involvement.
- Why this job: Make an impact in the dynamic world of clinical trials and insurance.
- Qualifications: Experience in underwriting or brokering within the Clinical Trials sector is preferred.
The predicted salary is between 36000 - 60000 ÂŁ per year.
We are looking for a Clinical Trials Underwriter based in London. You will report to the Clinical Trials Team Leader, Regional Unit London, and work closely with a range of stakeholders to deliver on underwriting goals in the Liability line of business, implementing measures as required and maintaining a keen eye on business needs.
The Impact You Will Have
At Allianz Commercial 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 and most complex recall risks in the market.
Responsibilities
- Develop pipeline and execute on broker plans.
- Underwrite in line with the liability governance framework – e.g. underwriting authorities, underwriting guidelines, rules and principles.
- Negotiate participation, pricing and terms and conditions.
- Develop and maintain relationships with brokers, clients and other relevant stakeholders.
- Achieve agreed financial performance targets.
- Ensure accurate policy documentation is issued to producers or producers has issued documentation.
- Coordinate, assess and present key metrics for the Regional Manager – Regional Unit London – in line with Allianz Commercial’s liability strategy.
- Collate and utilise underwriting and claims data to assist the Regional Manager in the management of responsible portfolios.
- Recommend improvements to existing reporting procedures based on data collation and research.
- Create and maintain positive relationships with key producers and clients and other relevant stakeholders (e.g. risk managers).
- Positively represent Allianz Commercial externally to the market.
- Proactively work with other functions (e.g. operations, credit control, multinational) to resolve outstanding account queries.
- Manage timely and accurate booking of policy premiums and credit control/collection processes.
- Develop multinational experience and keep current on state/territory issues, regulations and trends.
- Train, develop and coach less experienced staff (including junior underwriters, operations and credit control).
Qualifications & Requirements
- Educational background in either Pharmaceutical Science, Chemistry or Biology is preferred, though not essential.
- Must be CII qualified or equivalent, or working towards it.
- Experience in underwriting profitable business within the Clinical Trials Life Science/Liability segment of large corporate international insurance, or experience as a broker in this field.
- Multinational experience and a specialised understanding of regional/local liability insurance markets and competitor landscape.
- Recognised relationships with clients and brokers at peer‑group level and an established market presence.
- A proactive, dynamic, and results‑driven mindset, with the ability to react quickly and stay on top of tasks in a fast‑paced environment.
- Excellent communication skills, with an ability to persuade others to act without direct authority.
- Ability to effectively absorb information from various sources, then analyse, study or examine data in detail and draw appropriate conclusions.
- Knowledge of AI tools to support day‑to‑day tasks, improve efficiency and contribute to data‑driven decision‑making is valuable.
- Ability to work in a complex, global matrix organisation.
Benefits & Working Environment
We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model and are open to discussing flexible arrangements. Our total compensation includes a generous bonus scheme and pension, along with a benefits package that varies by location. We provide career development and digital learning programmes, international mobility and lifelong learning opportunities. Health and wellbeing support is extensive, covering private healthcare and generous parental leave benefits, and we support employees returning from career breaks. We actively encourage involvement in sustainability and community projects, offering opportunities to shape a safe, inclusive, and sustainable future for our people, industry and clients.
About Allianz Commercial
Allianz Commercial is the expertise hub of the Allianz Group, insuring mid‑sized businesses, large enterprises, and special risks. Our portfolio includes consumer brands, financial institutions, industry leaders, aviation, shipping, family‑owned and medium‑enterprises, offshore wind farms, infrastructure projects and film productions. We deliver risk transfer solutions, risk consulting and claims handling, helping customers prepare for what’s ahead.
We welcome applications regardless of ethnicity, cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.
People With Disabilities
We want to give all our candidates the best opportunity to succeed. If you need any adjustments during the application and selection process, please email agcsglobalcareers@allianz.com.
Recruitment Agencies
Allianz Commercial has an in‑house recruitment team focused on sourcing great candidates directly. We do not accept unsolicited resumes from agencies or search firms. Fees will not be paid if a candidate submitted by a recruiter without an agreement is hired.
Equal Opportunity
At Allianz, we stand for unity: we believe that a united world is more prosperous, and we are dedicated to consistently advocating for equal opportunities for all. The foundation for this is an inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust.
Underwriter Clinical Trials employer: Allianz Commercial
Contact Detail:
Allianz Commercial Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter Clinical Trials
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working at Allianz. A friendly chat can open doors and give you insights that might just help you land that underwriter role.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of clinical trials and liability insurance. We want to see that you’re not just a fit on paper but that you can talk the talk when it comes to the specifics of the job.
✨Tip Number 3
Showcase your negotiation skills! Since you'll be dealing with brokers and clients, think of examples from your past where you successfully negotiated terms or resolved conflicts. This will demonstrate your value to the team.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining Allianz Commercial.
We think you need these skills to ace Underwriter Clinical Trials
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Underwriter Clinical Trials role. Highlight your relevant experience in underwriting and any specific knowledge you have about the clinical trials sector. This shows us that you understand what we're looking for!
Showcase Your Skills: Don’t just list your qualifications; demonstrate how your skills align with the job description. If you've got experience with data analysis or relationship management, make it pop! We want to see how you can contribute to our team.
Be Clear and Concise: When writing your application, keep it straightforward. Use clear language and avoid jargon unless it's relevant. We appreciate a well-structured application that gets straight to the point—this reflects your communication skills!
Apply Through Our Website: We encourage you to submit your application through our website. It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Allianz Commercial
✨Know Your Underwriting Basics
Before the interview, brush up on your understanding of underwriting principles, especially in the context of clinical trials. Familiarise yourself with Allianz's liability governance framework and be ready to discuss how you would apply these guidelines in real scenarios.
✨Showcase Your Relationship Skills
Since building relationships with brokers and clients is key, prepare examples of how you've successfully developed and maintained professional relationships in the past. Highlight your communication skills and any experience you have in negotiating terms and conditions.
✨Data-Driven Decision Making
Be prepared to discuss how you can leverage data in your underwriting process. Think about specific instances where you've used data to inform your decisions or improve reporting procedures, as this aligns with the role's responsibilities.
✨Demonstrate Your Proactive Mindset
Allianz values a dynamic and results-driven approach. Share examples from your previous roles where you took initiative to solve problems or improve processes. This will show that you can thrive in a fast-paced environment and are ready to contribute positively from day one.