At a Glance
- Tasks: Underwrite and develop tailored insurance solutions for clients in a dynamic environment.
- Company: Join Allianz Commercial, a leader in financial lines insurance with a global presence.
- Benefits: Enjoy a competitive salary, generous bonuses, pension, and flexible hybrid working.
- Other info: Access to an Underwriting Academy for continuous learning and career growth.
- Why this job: Make a real impact by building relationships and driving innovative insurance solutions.
- Qualifications: Experience in Professional Indemnity underwriting and strong communication skills required.
The predicted salary is between 55000 - 65000 € per year.
We are looking for an Underwriter, Professional Indemnity based in London. Your Team Allianz Commercial offers a suite of financial lines insurance solutions specifically designed to address the liabilities of companies, managers and professionals in today’s increasingly litigious and demanding business world. From specialist centres across the globe, we provide financial lines insurance for companies ranging from multi-nationals to smaller businesses - including a range of specialist solutions for Financial Institutions - and for individual directors and managers. We pride ourselves on our flexibility, adjusting our underwriting to match the needs of our clients.
The Impact You Will Have
Reporting to the Head of Professional Indemnity, you will work closely with clients and brokers to develop personalized solutions and to build new relationships. You will be responsible for underwriting profitable new and renewal business to meet UK and International Professional Indemnity targets. Your responsibilities also include negotiating participation, pricing and terms & conditions, acquiring new business and retaining existing business. Some of your specific responsibilities could include:
- Underwrite in line with Professional Indemnity governance framework - e.g. Underwriting Authorities, Underwriting Guidelines, Rules and Principles
- Ensure contract certainty is achieved on all accounts at time of inception
- Drive involvement of functional areas in Underwriting process, including Distribution, Risk Consulting, Claims, Operations
- Contribute to the development and execution of the UK and International Underwriting strategy for Professional Indemnity
- Create and maintain positive relationships with key producers and clients and other relevant stakeholders (e.g. risk managers)
- Ensure accurate policy documentation is issued to producers (where it is Allianz Commercial’s responsibility to do so) or producer has issued documentation (where producer responsibility)
- Focus on developing and building out our multinational proposition
- Positively represent Allianz Commercial externally to the market
What You’ll Bring to the Role
- Solid experience as an Underwriter, Broker or relevant equivalent in the Professional Indemnity sector
- Experience underwriting profitable business in the Professional Indemnity segment of large corporate international insurance
- You have recognised relationships with clients and brokers at peer group level and are established within the market
- Specialized understanding of UK & International/local Professional Indemnity insurance markets and competitor landscape
- Capable of leveraging data and analytics to make business more efficient and effective
- Excellent communication skills, with an ability to persuade others to act without direct authority
- Good understanding of the legal and regulatory framework
- Ability to design, develop and implement consistent, robust wordings for contracts
- The ability to utilise AI tools to support day-to-day tasks, improve efficiency, and contribute to data-driven decision-making is valuable
Additional Information
Allianz Commercial is dedicated to offering its employees an environment open for learning and development and hosts its own Underwriting Academy to drive continued excellence in underwriting and to better understand and serve our clients’ needs. We offer a hybrid working model with flexibility to discuss arrangements. Our compensation includes a generous bonus scheme and pension.
Equal Opportunity Employer
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
Underwriter, Professional Indemnity employer: Ultimate.ai
Allianz Commercial is an exceptional employer, offering a dynamic work environment in London that fosters professional growth and development through its dedicated Underwriting Academy. With a strong emphasis on flexibility, a generous bonus scheme, and a commitment to diversity and inclusion, employees are empowered to thrive while building meaningful relationships with clients and brokers in the Professional Indemnity sector.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter, Professional Indemnity
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to professionals on LinkedIn. Building relationships can open doors that a CV just can’t.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your experience and how it aligns with their needs. Use specific examples from your past work to demonstrate your expertise in Professional Indemnity underwriting.
✨Be Prepared for Interviews
Research the company and its culture before your interview. Prepare answers to common questions and think about how you can showcase your understanding of the Professional Indemnity market. Confidence is key!
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at Allianz Commercial.
We think you need these skills to ace Underwriter, Professional Indemnity
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriter role. Highlight your experience in Professional Indemnity and any relevant achievements that showcase your skills. 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 underwriting and how your background aligns with our needs. Be sure to mention your understanding of the UK & International insurance markets.
Showcase Your Communication Skills:Since you'll be working closely with clients and brokers, it's essential to demonstrate your excellent communication skills. Use clear and persuasive language in your application to show us you can build relationships effectively.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Ultimate.ai
✨Know Your Stuff
Make sure you brush up on your knowledge of Professional Indemnity insurance. Understand the key players in the market, current trends, and Allianz's specific offerings. This will not only help you answer questions confidently but also show your genuine interest in the role.
✨Build Relationships
Since the role involves working closely with clients and brokers, think about how you can demonstrate your relationship-building skills. Prepare examples from your past experiences where you've successfully developed and maintained professional relationships.
✨Showcase Your Analytical Skills
Be ready to discuss how you've used data and analytics in your previous roles. Think of specific instances where your analytical approach led to better decision-making or improved efficiency. This is crucial for the Underwriter position.
✨Prepare Questions
Interviews are a two-way street! Prepare thoughtful questions about Allianz's underwriting strategy, team dynamics, and how they leverage AI tools. This shows you're not just interested in the job, but also in how you can contribute to their success.
