Senior Underwriter – Property
Allianz Global Corporate & Specialty SE
- Company Industries：Insurance/Pension Funding
Job Information
- Post Date：2022-06-02
- Career Level：Senior
- Location：Not Specified
- Yr(s) of Exp：5 years
- Qualification：Degree
- Employment Type：Full Time, Permanent
- Job Function：Insurance Underwriter Others Property / Real Estate Others
Job Description
Job Purpose/Role
- Underwrite profitable new and renewal business to meet LoB targets locally/regionally
- Negotiation of participation, pricing and terms and conditions
- Ownership of accounts / clients
- Develop and maintain strong relationships with brokers and clients
Future Challenges:
- Effective working within the global matrix
Key Responsibilities
Underwrite Profitable business
- Underwrite new and renewal accounts to meet top and bottom line targets (local and/or regional).
Negotiate participation, pricing & terms, and conditions with brokers. Proactively manage capacity.
- Underwrite and evaluate Natural Catastrophe Risk and Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios (for relevant LoBs)
- Underwrite International Insurance Programs (for relevant LoBs)
Underwriting Approach and Compliance
- 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 utilisation of global pricing tools
- Ensure placing and binding of FAC Reinsurance prior to policy inception
Policy Documentation and Administration
- 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 completion of policy administration and credit control processes
Support Underwriting Strategy & Leadership
- Support development and execution of regional Underwriting strategy for LoB regionally
- Training, developing and coaching of less experienced staff (including junior underwriters, operations, credit control)
- Manage standard referrals from underwriters and spokes and re-underwrite complex business as appropriate
- Delegate work as appropriate
Distribution Management
- Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary)
- Proactively liaise with DM on market management initiatives
Relationship Management
- 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 Requirements/Skills/Experience
Type of Experience:
- Proven track record in Underwriting profitable business in Property, in Hong Kong, Macau andTaiwan
- Demonstrated international underwriting experience (e.g. IIP) and good understanding of LoB products and portfolio
- Demonstrable, established relationships with brokers at peer group level and established within market
- Good understanding of regional / local LoB insurance markets and competitor landscape
- Understanding of legal and regulatory frameworks in the region
- Experience working in a complex, global matrix organization, alongside local and regional colleagues
- 5-10 Years' experience in Corporate Property Underwriting
Technical Skills:
- Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to LoB
- Pricing and Market mgt: Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs
- Contract Drafting and Interpretation: Design, develop and implement consistent, robust wordings
- Policy Management: Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation.
General Skills:
- Communication & Presentation: Ability to express ideas and messages clearly, both written and verbally. Ability to "sell" an improvised or prepared audience winning story
- Influencing skills: Ability to persuade and motivate others to act, without executive authority
- Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire
- Language English, Cantonese and/or Mandarin also preferred
Education/Certification:
- Degree or above in related discipline
- Completion of professional insurance qualification (e.g. CII or ANZIIF)
A competitive remuneration and benefits package will be offered. Please send your application, with details of current and expected salary, to: Human Resources Division, Allianz Global Corporate & Specialty SE Hong Kong Branch via "Apply now"
Personal data collected will be used for recruitment purpose only.
Company Info
Whatever your strengths,
we bring out the best in you.
Allianz is a leading global provider of comprehensive insurance and financial solutions for individuals and businesses in over 70 countries. Our continued success can be attributed to having talented and committed people, each of whom anticipates and prompts positive change and development in our organization.
We, Allianz Global Corporate & Specialty SE Hong Kong Branch, are now seeking a talented and highly-motivated individual to join our organization as:
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