Underwriter, Professional Indemnity

Let’s care for tomorrow.
Your ambitions.  Your dreams.  Your tomorrow.

Whether it’s aircraft, international business, offshore wind parks or Hollywood film productions, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.  

We are looking for an Underwriter, Professional Indemnity based in London.

Your Team 
Allianz Commercial offers a suite of financial lines insurance solutions specifically designed to address the liabilities of companies, managers and professionals in today’s increasingly litigious and demanding business world. From specialist centers across the globe, we provide financial lines insurance for companies ranging from multi-nationals to smaller businesses - including a range of specialist solutions for Financial Institutions - and for individual directors and managers. And we pride ourselves on our flexibility, adjusting our underwriting to match the needs of our clients.  

The Impact You Will Have 
Based in London and reporting to the Head of Professional Indemnity, you will work closely with clients and brokers to develop personalized solutions as well as developing new relationships. You will be responsible for underwriting profitable new and renewal business to meet UK and International Professional Indemnity targets. Your responsibilities also include negotiating participation, pricing and terms & conditions, acquiring new business and retaining existing business. 

Some of your specific responsibilities could include:

• Underwrite in line with Professional Indemnity governance framework - e.g. Underwriting Authorities, Underwriting Guidelines, Rules and Principles 
• Ensure contract certainty is achieved on all accounts at time of inception 
• Drive involvement of functional areas in Underwriting process, including Distribution, Risk Consulting, Claims, Operations 
• Contribute to the development and execution of the UK and International Underwriting strategy for Professional Indemnity 
• Create and maintain positive relationships with key producers and clients and other relevant stakeholders (e.g. risk managers) 
• Ensure accurate policy documentation is issued to producers (where it is AGCS’ responsibility to do so) or producers has issued documentation (where producer responsibility)
• Focus on developing and building out our multinational proposition

• What You’ll Bring to the Role
• Solid experience as an Underwriter, Broker or relevant equivalent in the Professional Indemnity sector 
• Experience underwriting profitable business in the Professional Indemnity segment of large corporate international insurance  
• Recognized relationships with clients and brokers at peer group level. You will be well established within the market 
• Specialized understanding of UK & International/ local Professional Indemnity insurance markets and competitor landscape 
• Capable of leveraging data and analytics to make business more efficient and effective 
• Good understanding of the legal and regulatory framework 
• Ability to design, develop and implement consistent, robust wordings for contracts
• Fluent English language skills

Additional Information:
Allianz Commercial is dedicated to offering its employees an environment open for learning and development and hosts its own Underwriting Academy to drive continued excellence in underwriting and to better understand and serve our clients’ needs.

31871 | Underwriting | Professional | Allianz Commercial | Full-Time | Permanent

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 Allianz Group brand serving the world’s largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations’ economies. We bring together the corporate multinational business of Allianz Global Corporate & Specialty and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling.  

As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2022 generated more than €19 billion gross premium. 

Learn more about careers at Allianz Commercial by clicking here.

Learn more about Allianz Commercial by clicking here.

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic.  Diversity of thinking is an important part of our company culture.

People with disabilities:
We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email agcsglobalcareers@allianz.com

Recruitment Agencies: 
Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired.  When we do use agencies, we have a PSL in place, so please do not contact managers directly.

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