Underwriter (m/f/d) Engineering, Natural Resources

We are looking for an Underwriter - Engineering, Natural Resources, based in Munich.

Your Team

Our seasoned team takes ownership of top key accounts and clients, skilfully navigating through complex negotiations to ensure optimal participation, pricing, and terms and conditions. You will work in a team of highly experienced and motivated Underwriters with a great team spirit. The team is always open to support and learn from each other.

The Impact You Will Have

Reporting to the Chief Underwriter Natural Resources GER/SUI, you will join the team as an Underwriter, who will aim to make profitable new and renewal business to meet Line of Business (LoB) targets regionally including global elements. We are looking for someone who is passionate about driving and developing a customer centric culture at Allianz Commercial and loves to work in a global matrix organization. In return you will join and develop your career within a supportive, market leading team with huge growth ambitions.

Some of your specific responsibilities could include:

• Underwrite new and renewal accounts to meet top and bottom-line targets (regionally including global elements).
• Grow the Renewables portfolio (on- and offshore) and other technologies of the Energy Transition including e.g. modern efficient hydrogen ready combined cycle power plants and increase our presence in these changing markets.
• Negotiate participation, pricing and terms and conditions with brokers. Proactively manage capacity.
• Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles.
• Ensure contract certainty is achieved on all accounts at time of inception.
• Contribute to development and execution of regional Underwriting strategy for LoB regionally.
• Positively represent Allianz Commercial externally to the market with key brokers / distribution channels.
• Proactively drive involvement of functional areas in Underwriting process, including e.g. Distribution, ARC, Claims, Operations.
• Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers).

What You’ll Bring to the Role

• Preferably a degree in Engineering, Economics, or other appropriate discipline.
• Experience in Underwriting profitable business in the Natural Resources or Engineering market. Good understanding of sub-LoB products and portfolio.
• Recognized relationships with brokers at peer group level and well established within market.
• Specialized understanding of regional / local LoB insurance markets and competitor landscape, including global element.
• Good understanding of legal and regulatory framework.
• Ability to assess risk inherent exposures and natural hazards relevant to LoB.
• Design, develop and implement consistent, robust wordings.
• Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire.
• The ability to utilize AI tools to support day-to-day tasks, improve efficiency, and contribute to data-driven decision-making is valuable.
• Excellent communication skills.
• Fluent German and English language skills.

99680 | Underwriting | Professional | Allianz Commercial | Full-Time | Permanent

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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