Underwriter, Professional Indemnity
London, GB, EC2N 3AR
Let’s care for tomorrow.
Your ambitions. Your dreams. Your tomorrow
Whether it’s aircraft, international business or offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.
We are looking for a 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 centers 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. And 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 personalised solutions as well as developing 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 producers has issued documentation (where producer responsibility)
- Focus on developing and building out our multinational proposition
- Positively represent Allianz Commercial’s 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 utilize AI tools to support day-to-day tasks, improve efficiency, and contribute to data-driven decision-making is valuab
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 etter understand and serve our clients’ needs.
98278 | Underwriting | Professional | Allianz Commercial | Full Time or Part Time | Permanent
What’s in it for you?
Let’s care about everything that makes you, 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.
Let’s care for your financial wellbeing
We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.
Let’s care for your opportunities to progress
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.
Let’s care for life’s twists and turns
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.
Let’s care for our society and our planet
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.
Care to join us?
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.
Learn more about careers at Allianz Commercial by clicking here.
Learn more about Allianz Commercial by clicking here.
At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust.
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.
Join us. Let's care for tomorrow.
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. When we do use agencies, we have a PSL in place, so please do not contact managers directly. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.
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