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For Companies At a Glance
- Tasks: Underwrite new and renewal business, negotiate terms, and build strong relationships with clients.
- Company: Join Allianz Commercial, a leading insurance provider with a diverse and collaborative team.
- Benefits: Competitive salary, career development opportunities, and a dynamic work environment.
- Why this job: Make an impact in the insurance industry while working with a talented team in London.
- Qualifications: 3+ years in underwriting or relevant broker experience, strong analytical and communication skills.
- Other info: Opportunity to learn about AI's role in enhancing underwriting processes.
The predicted salary is between 36000 - 60000 £ per year.
We are looking for an ART Structured Underwriter, based in London.
Your Team
You will be joining a team of 7 underwriters, based in London, all with different backgrounds in insurance from broking to actuarial and operations. The ART team sits within the wider Allianz Commercial and predominantly looks at multi-year, multi-line, structured insurance or captive reinsurance programmes. As we work across all lines of business, we also maintain strong relationships with the other underwriting teams within Allianz in order to support our underwriting decisions. The wider London team also includes persons from ART legal, claims, actuarial and deal management with whom we work closely on a daily basis.
The Impact You Will Have
You will look to underwrite profitable new and renewal business to meet Line of Business (LoB) targets both locally and regionally. You will also be responsible for negotiating participation, pricing, and terms and conditions. You will take ownership of accounts and clients, ensuring their needs are met and expectations exceeded, while also developing and maintaining strong relationships with brokers and clients.
Some of your specific responsibilities could include:
- Underwrite new and renewal accounts to meet targets, with guidance on negotiating terms with brokers and managing capacity.
- Ensure underwriting practices align with governance frameworks, achieving contract certainty at inception and utilizing pricing tools effectively.
- Maintain accurate and comprehensive file records for each risk and transaction, supporting policy administration and credit control processes.
- Contribute to the regional Underwriting strategy, assist in training and coaching staff, and manage referrals with supervision.
- Support new business acquisition and retention efforts, represent Allianz Commercial in the market, and build strong relationships with brokers, clients, and stakeholders.
What You'll Bring to the Role
- Minimum of 3 years of experience in underwriting or relevant experience in a broker role, such as Account Executive.
- Solid understanding of insurance products, portfolio management, and the regional/local insurance market landscape.
- Ability to build and maintain relationships with brokers and other key stakeholders in the market.
- Familiarity with insurance placements and their applications, including multinational transactions.
- Knowledge of the legal and regulatory framework relevant to the insurance industry.
- Experience in risk assessment and management within a complex organizational structure.
- Competence in pricing analysis, contract drafting, and policy management.
- Strong analytical skills with effective communication abilities.
- Familiarity with captives and their placement structure is a plus.
- A willingness to learn and explore how AI can enhance your role and the broader organization is expected.
ART Structured Underwriter in London employer: Allianz
Contact Detail:
Allianz Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land ART Structured Underwriter in London
✨Tip Number 1
Network like a pro! Get out there and connect with people in the insurance industry. Attend events, join online forums, and don’t be shy about reaching out to current employees at Allianz. Building relationships can open doors that a CV just can’t.
✨Tip Number 2
Prepare for those interviews! Research Allianz and the ART team thoroughly. Understand their products and recent news. This will help you tailor your answers and show that you’re genuinely interested in the role.
✨Tip Number 3
Showcase your skills! Bring examples of your past underwriting experiences to the table. Whether it’s negotiating terms or managing client relationships, having concrete examples will make you stand out.
✨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 the Allianz team.
We think you need these skills to ace ART Structured Underwriter in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the ART Structured Underwriter role. Highlight your underwriting experience and any relevant skills that match the job description. We want to see how your background fits with our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about underwriting and how you can contribute to our team. Be sure to mention your experience with brokers and clients, as those relationships are key for us.
Showcase Your Analytical Skills: Since strong analytical skills are crucial for this role, make sure to include examples of how you've used these skills in past positions. We love seeing how you approach risk assessment and pricing analysis!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at Allianz Commercial!
How to prepare for a job interview at Allianz
✨Know Your Stuff
Make sure you brush up on your underwriting knowledge, especially around multi-year and multi-line structured insurance. Familiarise yourself with the specific products and services Allianz offers, as well as the local market landscape. This will show that you're not just interested in the role, but that you understand the industry.
✨Build Relationships
Since this role involves a lot of interaction with brokers and clients, think about how you can demonstrate your relationship-building skills. Prepare examples from your past experiences where you've successfully managed client relationships or negotiated terms. This will highlight your ability to connect with stakeholders.
✨Show Your Analytical Side
Be ready to discuss your analytical skills and how you've used them in previous roles. You might be asked about pricing analysis or risk assessment, so have some concrete examples in mind. This will help you illustrate your competence in handling complex underwriting tasks.
✨Embrace AI and Innovation
Allianz is looking for someone who is willing to learn and explore how AI can enhance their role. Think about how technology has impacted your work in the past and be prepared to discuss your thoughts on integrating AI into underwriting processes. This shows you're forward-thinking and adaptable.
