Regional Head of Product Development - Liability

 

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At Allianz Commercial (AzC), we are the global leader for insuring corporate and specialty risks in the Allianz Group.  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 an Regional Head of Product Development - Liability based in New York, Chicago or Remote US

 

Your Team: 
The North American Liability team offers a wide range of liability insurance solutions. These include National Accounts Excess, Multinational, Reverse Flow, Environmental Liability and some Primary General Liability in the United States and Canada.  

 

The Impact You Will Have: 
Reporting to the Regional Head of Liability – Noth America, the Regional Head of Product Development – Liability will be responsible for directing product strategy, innovation, and execution of the Product Development strategy for North American Liability.  This includes:   

• Developing and approving new proprietary product/contract wordings and/or all substantial tailoring of standardized Allianz Commercial forms to meet requirements of industry sectors, key clients or brokers, including complex negotiation of contract terms and conditions.  

• Maintaining strong internal relationships with Underwriting, Legal, Regulatory Compliance, Product Governance, Claims and other LoBs handling similar or related products or customers to facilitate product development and support a One Allianz market face to customers and brokers. 

• Owning LoB compliance, in collaboration with the Product Governance team on regional regulatory requirements with respect to Product Development, including forms, and US usage rules.    

• Maintaining strong market relationships necessary to anticipate and respond to changes in requirements for key industry sectors, clients or brokers. 

• Acting as regional thought-leader for LoB and expert referral point for senior and expert underwriters. 
   

Some of your specific responsibilities could include: 

• Providing significant input to existing Product Development strategy and/or developing new strategy and new products/solutions for clients. 

• Acting as the highest-level subject matter expert for Liability Product Development and contributing to strategic decisions globally. 

• In-depth knowledge of Liability, allowing for unique/special wordings. 

• Actively negotiating complex terms and conditions with brokers and clients. 

• Ensuring accurate documentation of forms, rates and underwriting rules activities, including verifying record of compliance in collaboration with Product Governance 

• Collaborating with Product Governance on requirements and updating of underwriting rules with respect to form usage. 

• On-going oversight of state regulatory requirements with respect to forms, including form filing exceptions with respect to commercial deregulation, manuscript forms, and surplus lines company options. 

• Proactively driving and leading acquisition of new business and retention of existing business (client and broker negotiations where necessary) in situations where contract wordings are a key consideration in the selection of the insurer. 

• Proactively liaising with Distribution on common Liability product requirements and solutions.   

• Acting as the top expert and thought leader for Liability, including mentoring expert/senior underwriters and sharing best practices. 

• Developing and maintaining strong relationships with critical brokers and clients and other relevant stakeholders (e.g., risk managers). 

 

What You’ll Bring to the Role 

• A minimum of 7 years of experience in Liability underwriting including expert understanding of the entire Liability products and portfolio; 

• Well recognized established relation