Underwriting Specialist - Property
AllianzAbout the role
Let’s care for tomorrow.
Your ambitions. Your dreams. Your tomorrow
At Allianz Commercial (AzC), 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, AzC has the major risks covered when it comes to protecting businesses.
We are looking for an Underwriting Specialist in the West Zone for our Property line of business.
Your Team
Allianz Commercial (AzC) specializes in corporate property insurance for the most complex and challenging risk exposures in more than 200 countries and territories. With a focus on larger international risk portfolios, we offer tailor-made 'All Risks' property damage and business interruption insurance through our global network.
Our experience speaks for itself — insuring the majority of Global Fortune 500 companies, managing over 1,000 global property insurance programs, and fielding an underwriting team averaging over 20 years' experience, backed by a worldwide team of risk consultants and claims specialists.
When it comes to underwriting insurance products for well-known sports venues, sports/entertainment facilities, major airlines, retail/wholesale companies, banks, and manufacturers — we do it all!
The Impact You Will Have
Some of your specific responsibilities could include:
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Underwrite profitable new and renewal business to meet line of business targets regionally, including global elements
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Take ownership of large accounts/clients, including negotiation of participation, pricing, and terms and conditions
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Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios
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Underwrite International Insurance Programs and proactively manage capacity
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Underwrite in line with the LoB governance framework (Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles)
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Ensure contract certainty is achieved on all accounts at time of inception and utilization of global pricing tools
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Ensure placing and binding of FAC Reinsurance prior to policy inception
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Ensure accurate policy documentation is issued and maintain files for each risk and transaction handled
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Contribute to the development and execution of regional underwriting strategy
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Train, develop, and coach less experienced staff, including underwriters
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Manage complex referrals and re-underwrite complex business as appropriate
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Proactively support acquisition of new business and retention of existing business, including client and producer negotiations
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Develop and maintain strong relationships with key producers, clients, and other relevant stakeholders (e.g., risk managers)
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Positively represent Allianz Commercial externally to the market
What You'll Bring to the Role
Experience & Knowledge:
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Minimum 5–7 years of significant experience underwriting profitable business in the Property line of business
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Specialized expert understanding of sub-LoB products and portfolio
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Specialized understanding of regional/local property insurance markets and competitor landscape, including global elements
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Good understanding of legal and regulatory framework
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