Senior Travel Underwriter

Important: please apply with a CV written in English.

 

Key responsibilities/What you do

Allianz Partners is a truly global company, with a global structure throughout the Underwriting department. This role will be a key role in France, and part of the broader European Underwriting team. The role will also have a strong working relationship with both France, Spain, Portugal and colleagues in other European countries

Responsibilities:

• Safeguard the future profitability of the Travel line of business.
• Ensuring that new and renewal business pricing proposals are made in line with the company’s profitability objectives and underwriting policy
• Coordinating and guiding junior team members in France, Spain and Portugal, across various projects and initiatives, fostering collaboration and enabling effective teamwork and communication
• Partner with Sales colleagues to deliver ambitious growth targets.
• Collaborate in seleted cases with business partners and brokers to gather the necessary information for qualified underwriting decisions.
• Provide top quality analysis and insight of existing scheme performances, utilizing customer data, claims history, and other factors for insurance policy evaluations.
• Work closely with the claims department to ensure that claims are handled in accordance with underwriting guidelines and to understand the impact of the case reserves.
• Stay up-to-date with the latest trends and developments in the travel/travel insurance market.
• Rehabilitate poor performing schemes within the portfolio
• Utilize data analytics tools to analyze underwriting trends, portfolio performance, and risk exposures.
• Support Global and European topics, including the sharing of knowledge and implementing “best practice” processes.

The role will work closely with:

• Regional and Global Product Management teams.
• Regional and Global Pricing Model and Portfolio Monitoring teams
• Heads of Travel Case UW and Pricing Europe.
• Regional and Global UW teams (multi-country tenders).
• Local and Global Sales teams.
• Local Operations / Claim handling teams.
• Local Compliance and Risk Management teams

Other Duties

• To support the development of technical underwriting competency across the Underwriting function.
• To ensure accurate records of all quotations provided including any proof of authorisation and any changes made to the final quotation from the original price proposal.
• Ensure prices are correctly set-up on relevant systems and match the approved prices.
• To monitor on a regular basis, the on-going performance of business and to ensure timely proposals for remedial action for accounts not performing to target.
• To have knowledge of the practical application of any regulatory and/or legislative issues applicable to the Travel line of business.
• To contribute to any development of new products or line of products as required by the Business.
• Be a point of contact for co-insurer, re-insurer, and other Travel line of business specific providers.
• To complete all appropriate administration on a timely basis.
• To pro-actively identify and recommend areas of improvement, with particular focus on streamlining processes and ensuring audit trails are maintained.
• To support ad-hoc workloads requiring input from the Underwriting departmen

 

Key requirements/What you bring

Education/Training/Qualifications:

• Minimum 7+ years experience in underwriting, actuarial or similar roles.
• Strong understanding of insurance principles, practices and risk perception.
• Strong numerical and analytical skills, with adequate knowledge of data analysis, data manipulation, dashboards and reports.
• Experience of working with Excel and PowerBI.
• Adequate knowledge of data analysis tools (e.g. SQL, R, Python, SAS, Radar) is considered as a plus.
• Strong understanding of regulatory bodies and legislation and their impact on the business.
• Strong communication skills and open cultural mindset to work with colleagues in Europe specifically and all over the world generally.
• Experience of working in remote teams.
• Customer-focused background.

Special Skills & Knowledge:

• Strong organisational and problem solving skills.
• Numerate and analytical.
• Ability to recognise and deliver excellent customer service.
• Ability to effectively communicate at all levels both verbally and in writing. 
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