Overview
We are looking for an Underwriting Product Manager for Hull, based in our central London office.
The Team
Our team is committed to managing underwriting products globally. With an international and diverse group of professionals, we foster a collaborative and inclusive environment. As the Product Manager, you\'ll work alongside talented individuals, contribute to global initiatives and experience the warmth and camaraderie of our close-knit team.
The Impact You Will Have
As a valued member of our team, you will have the opportunity to report directly to the Global Product Leader. In this role, you will play a crucial part in driving underwriting excellence and achieving outstanding results on a global scale. Your responsibilities will include providing expert underwriting guidance, serving as a referral manager for cases that exceed local authority, and contributing to the overall success of our defined line of business. Join us in this professional and friendly environment, where your expertise will be highly valued and appreciated.
Responsibilities
- Conduct thorough research on competitive trends, product line trends, producer trends, and the external environment, including legal, economic, demographic, and distribution trends. This will enable you to align our underwriting strategies with the regulatory environment
- Provide valuable recommendations on new and revised products, programs, underwriting standards, and procedures. You will also 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. You will analyze claims, large losses and trends to maximize 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, 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, and portfolio management, including profitability analysis and KPI (Key Performance Indicator) reporting. This will provide valuable insights into trades, distribution channels, and overall performance
What You’ll Bring To The Role
- Extensive experience in underwriting profitable businesses in the Marine sector. You will be a specialized expert with a deep understanding of Hull products
- Demonstrated track record of building strong relationships with brokers at a peer group level and being well-established within the market
- Specialized knowledge of regional and local Line of Business insurance markets, as well as 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. A strong grasp of competition and marketing conditions is essential
- The ability to analyze highly complex data from multiple sources in detail 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 communication skills, both written and verbal, with the ability to clearly express ideas and messages. You should be capable of presenting a compelling story to both improvised and prepared audiences in English
- A solid understanding of data analysis, automation and AI tools is required, with an awareness of ethical AI usage
What’s in it for you?
Let’s Care About Everything That Makes You, You
We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.
Let’s care for your financial wellbeing
We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.
Let’s care for your opportunities to progress
From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.
Let’s care for life’s twists and turns
From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We\'ve got your back.
Let’s care for our society and our planet
With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.
Care to join us?
Allianz Commercial is the center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what\'s ahead.
Join us. Let’s care for tomorrow.
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