Senior Underwriter - Travel LoB

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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 the UK and Benelux Business Units, and part of the broader European Underwriting team. The role will also have a strong working relationship with both UK, Benelux 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.
• Partner with Sales colleagues to deliver ambitious growth targets.
• Provide top quality analysis and insight of existing scheme performances.
• Rehabilitate poor performing schemes within the portfolio.
• 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 department.

What you bring

Education/Training/Qualifications:

• Minimum 5+ years experience in underwriting, actuarial or similar roles.
• Strong understanding of insurance principles, practices and risk perception.
• Strong numerical and analytical skills, with knowledge on data analysis and data manipulation.
• Experience of working with Excel and Microstrategy/PowerBI.
• Basic SQL, SAS or other data analyses knowledge is considered as a plus.
• Detailed 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.
• Ability to manage tasks effectively to ensure compliance with quotation deadlines.
• Previous experience of Underwriting Travel Insurance business is considered as a plus.
• Proven knowledge and understanding of technical Underwriting, including reserving, earning models, IBNR and their practical application to pricing.
• Willingness and competence for cross-border co-operation in Europe and globally

Aptitude & Personality:

• Excellent communication and interpersonal skills.
• Proactive, quick thinking, flexible and adaptable to changing situations.
• Responsible and confident approach to work duties.
• Self-motivator.
• Quality focussed.
• Able to work under pressure.
• Able to make quick/sound decisions.
• Problem solving.
• Assertive.
• Ability to prioritise workload/tasks.
• Listen to other people's ideas and point of view.
• Strong eye for detail.

43239 | Underwriting | Professional | Non-Executive | Allianz Partners | Full-Time | Permanent

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.
We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.
We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.
Join us. Let's care for tomorrow.