At a Glance
- Tasks: Underwrite clinical trials and collaborate with brokers to achieve financial targets.
- Company: Join Allianz Commercial, a leader in innovative insurance solutions.
- Benefits: Enjoy a competitive salary, bonus scheme, and flexible working options.
- Other info: Inclusive culture with opportunities for career growth and lifelong learning.
- Why this job: Make an impact in the fast-paced world of clinical trials and insurance.
- Qualifications: Background in life sciences preferred; experience in underwriting or brokering is a plus.
The predicted salary is between 55000 - 65000 £ per year.
We are looking for a Clinical Trials Underwriter based in London.
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. Based in London and reporting to the Clinical Trials Team Leader, Regional Unit London, you will work in close collaboration 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.
Some of your specific responsibilities could include:
- 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 the key metrics for Regional Manager Regional Unit London in line with Allianz Commercial’s Liability strategy.
- Collate and utilise underwriting and claims data to assist Regional Manager in the management of responsible portfolio.
- 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 represents Allianz Commercial’s externally to the market.
- Proactively works with other functions (e.g. operations, credit control, multinational) to resolve outstanding accounts query.
- Manages 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.
- Training, developing and coaching of less experienced staff (including Junior Underwriters, Operations and Credit Control).
What You’ll Bring to the Role
- An educational background in either Pharmaceutical Science, Chemistry or Biology is preferred, though not essential.
- You are 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.
- You have recognised relationships with clients and brokers at peer group level and are established within the market.
- 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 analyze, study or examine data in detail and draw appropriate conclusions.
- The ability to utilize 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 organization.
What’s in it for you?
We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in‑person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.
We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.
From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.
From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.
With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.
Allianz Commercial is the center of expertise of Allianz Group, insuring mid‑sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family‑owned and medium‑enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.
We therefore welcome applications regardless of ethnicity or 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 to be made during the application and selection process, please email agcsglobalcareers@allianz.com
Recruitment Agencies: Allianz Commercial has an in‑house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired.
Underwriter Clinical Trials employer: Allianz UK
Contact Detail:
Allianz UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter Clinical Trials
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals, especially those in the Clinical Trials space. Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching Allianz Commercial and understanding their approach to underwriting. Familiarise yourself with their key metrics and recent projects. This will not only impress your interviewers but also help you tailor your answers to align with their goals.
✨Tip Number 3
Practice your negotiation skills! As an Underwriter, you'll need to negotiate terms and conditions effectively. Role-play with a friend or mentor to build confidence in discussing pricing and participation. The more comfortable you are, the better you'll perform in real situations.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining Allianz Commercial. Keep an eye on our careers page for the latest opportunities and updates!
We think you need these skills to ace Underwriter Clinical Trials
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Underwriter Clinical Trials role. Highlight relevant experience in underwriting and any specific skills that align with the job description. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background in Pharmaceutical Science, Chemistry, or Biology makes you a great fit. Let us know what excites you about working with Allianz Commercial.
Showcase Your Communication Skills: Since excellent communication is key for this role, make sure your application reflects your ability to convey ideas clearly. Whether it's through your CV or cover letter, we want to see how you can persuade and engage others effectively.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining our team at Allianz Commercial!
How to prepare for a job interview at Allianz UK
✨Know Your Stuff
Make sure you brush up on your knowledge of Clinical Trials and the Liability line of business. Understand the underwriting guidelines and governance framework that Allianz follows. This will help you answer questions confidently and show that you're serious about the role.
✨Build Relationships
Since this role involves working closely with brokers and clients, think about how you can demonstrate your relationship-building skills. Prepare examples of how you've successfully collaborated with stakeholders in the past, and be ready to discuss how you would approach building those relationships at Allianz.
✨Show Your Analytical Skills
You'll need to analyse data and draw conclusions, so be prepared to discuss your experience with data analysis. Bring examples of how you've used data to make informed decisions or improve processes in previous roles. This will highlight your ability to contribute to Allianz's data-driven decision-making.
✨Be Proactive and Dynamic
Allianz is looking for someone who can react quickly in a fast-paced environment. Think of situations where you've had to adapt swiftly to changes or challenges. Share these experiences during your interview to showcase your proactive mindset and results-driven approach.