Senior Underwriter -Property
Mumbai, MH, IN, 400051
Let’s care for tomorrow.
Your ambitions. Your dreams. Your tomorrow.
At Allianz Commercial, we are the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it’s aircraft, satellites, the world’s biggest ships and tallest building, cyber-attacks, or climate change impacts, we have the major risks covered when it comes to protecting businesses.
Job Purpose / Role
The main purpose of this role is to underwrite profitable new and renewal business to meet. Negotiate, participate and pricing and terms and conditions. Have ownership of accounts and clients. To develop and maintain strong relationships with brokers and clients.
Key responsibilities：
- Underwrite new and renewal accounts to meet top and bottom line targets (local and/or regional). 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.
- Ensure accurate policy documentation issued to broker (where AGCS responsibility to do so) or broker has issued documentation (where broker responsibility).
- File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled.
- Proactively support acqusition of new business and retention of existing business (including client and broker negotiations where necessary).
- Proactively liaise with Distribution Management team on market management initiatives.
- Positively represent AGCS externally to the market.
- Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations.
- Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers.
Key Experience / Requirements / Skills：
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Proven track record in Underwriting profitable business in Property, Engineering Domain. Good understanding of LoB products and portfolio.
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Demonstrable, established relationships with brokers at peer group level and established within market.
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Understanding of legal and regulatory framework
Required Education/ Experience：
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Engineering Degree/Graduate Degree.
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Completion of professional insurance qualifcation (e.g. CII)
Required General skills：
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Fluent in English
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Written and verbal communication skills.
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Presentation skills in a various internal and external settings
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Organisational and interpersonal skills
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Business knowledge and professional disposition
75173 | Underwriting | Professional | Allianz Commercial | Full-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 programmes 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 a global corporate insurance carrier and part of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business.
Learn more about us by clicking here.
Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation, or any other protected characteristic. Diversity of thinking is an important part of our company culture.
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