At a Glance
- Tasks: Underwrite construction insurance and build strong client relationships.
- Company: Allianz Commercial, a leader in customised insurance solutions.
- Benefits: Competitive salary, career development, and a dynamic work environment.
- Other info: Opportunity to mentor junior team members and influence key projects.
- Why this job: Join a team that shapes the future of construction insurance.
- Qualifications: 5+ years in underwriting with strong analytical and communication skills.
The predicted salary is between 60000 - 80000 £ per year.
Your Team Allianz Commercial specialists in providing comprehensive and customised insurance services and solutions for clients across the whole construction industry and as industrial specialists have a long-standing tradition of supporting our clients in respect of their construction risks placed in the London market and elsewhere in the world on both a lead and follow basis.
Impact You Will Have
Reporting to the Regional Head of Construction, you will underwrite profitable new and renewal business to meet the Construction line of business target in accordance with underwriting guidelines and underwriting authority. You will negotiate terms and conditions and take ownership of your key accounts/clients as well as develop and maintain strong relationships with our broking and client partners in co‑ordination with our distribution/client relationship team.
Key Responsibilities
- Underwrite new business and annually renewable accounts to meet top and bottom‑line targets in line with Underwriting Guidelines.
- Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of nat cat scenarios.
- Ensure contract certainty is achieved on all accounts at time of inception.
- Ensure utilisation of global pricing tools.
- Support development and execution of regional Underwriting strategy for the Line of Business (LoB) and support key business initiatives.
- Maintain and generate new client and broker relationships.
- Contribute to internal key projects.
- Ensure an underwriting file is established and maintained for each risk and transaction.
- Assist with the learning and development of more junior team members.
- Proactively support completion of policy administration and credit control processes.
- Positively represent Allianz Commercial externally to the market.
What You’ll Bring to the Role
- A minimum of 5 years’ proven track record in Underwriting profitable Construction business. In‑depth understanding of LoB products and portfolio. In‑depth understanding of regional/local LoB insurance markets and competitor landscape.
- Demonstrable, established relationships with brokers at peer group level.
- Preferably a degree in Insurance, Risk Management, Finance, Engineering or other appropriate discipline.
- Ability to assess risk inherent exposures and natural hazards relevant to line of business.
- Ability to portfolio manage and analyse trends and loss scenarios.
- Excellent analytical skills to analyse highly complex data from multiple sources.
- Excellent communication skills with the ability to persuade and motivate others.
- Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision‑making is highly beneficial.
Senior Underwriter Construction employer: Ultimate.ai
Allianz Commercial is an exceptional employer, offering a dynamic work environment in the heart of London where innovation meets tradition. With a strong focus on employee development and a collaborative culture, we empower our team members to excel in their roles while fostering meaningful relationships with clients and brokers. Our commitment to professional growth, coupled with competitive benefits and a supportive atmosphere, makes Allianz a standout choice for those seeking a rewarding career in the construction insurance sector.
