Underwriting Product Manager, Hull

Overview

We are looking for an Underwriting Product Manager for Hull, based in our central London office. The role reports directly to the Global Product Leader and plays a crucial part in driving underwriting excellence and achieving outstanding results on a global scale.

Responsibilities

• Conduct thorough research on competitive trends, product line trends, producer trends, and the external environment, including legal, economic, demographic, and distribution trends to align our underwriting strategies with the regulatory environment.
• Provide valuable recommendations on new and revised products, programs, underwriting standards, and procedures, and offer guidance on pricing within the regions to drive success.
• Monitor a consistent underwriting governance framework for Marine, ensuring product results are in line with our objectives, analyse claims, large losses and trends to maximise profitability.
• Take the lead in implementing underwriting guidelines, rules, principles, conditions, pricing tools, and best‑practice processes and standards.
• Conduct comprehensive business reviews to ensure the quality execution of local underwriting.
• Support the development and implementation of global MSU (Minimum Standards of Underwriting), Underwriting guidelines, rules, principles and best‑practice processes and standards.
• Review and provide support for referrals within your area of expertise, contributing to effective decision‑making.
• Promote the implementation and maintenance of appropriate training programs to enhance underwriting expertise.
• Collaborate in steering the Global Practice Group process, driving continuous development of underwriting expertise through practice.
• Take a proactive approach to managing and mitigating NatCat (Natural Catastrophe) exposure, in close collaboration with CAT Risk Management and NCCSD (NatCat Coordination and Steering Division).
• Perform qualitative analysis, portfolio management, including profitability analysis and KPI (Key Performance Indicator) reporting to provide valuable insights into trades, distribution channels and overall performance.

Qualifications

• Extensive experience in underwriting profitable businesses in the Marine sector with deep knowledge of Hull products.
• Demonstrated track record of building strong relationships with brokers at a peer group level and being well‑established within the market.
• Specialised knowledge of regional and local Line of Business insurance markets and a comprehensive understanding of the global competitor landscape.
• Proficient understanding of the legal and regulatory framework, insurance industry practices, intermediary operations, insurance laws and general business operations, with a strong grasp of competition and marketing conditions.
• Ability to analyse highly complex data from multiple sources and proactively identify and resolve issues before they become problematic.
• Strong skills in developing, implementing and effectively communicating strategies to address important trends or changes in the business.
• Excellent written and verbal communication skills, capable of clearly expressing ideas and presenting a compelling story in English.
• Solid understanding of data analysis, automation and AI tools, with an awareness of ethical AI usage.

97257 | Underwriting | Professional | Allianz Commercial | Full‑Time | Permanent

Benefits

• Hybrid working model recognising a balance between in‑person collaboration and remote working.
• Generous bonus scheme and pension.
• Career development and digital learning programmes, including international career mobility.
• Private healthcare and generous parental leave benefits.
• Support for flexible working and assistance for people returning from career breaks.

Equal Employment Opportunity

We welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Disability Accommodation

If you require adjustments during the application and selection process, please email agcsglobalcareers@allianz.com.

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