Job purpose/role:
- Underwrite profitable new and renewal business to meet Live Entertainment targets
- Negotiation of participation, pricing and terms and conditions
- Ownership of accounts / clients
- Develop and maintain 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
- Negotiate participation, pricing and terms and conditions with brokers
- Proactively manage capacity
- Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modeling and interpretation of scenarios (for relevant LoBs)
Underwriting Approach and Compliance:
- Underwrite in line with Live Entertainment 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 utilization 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
Market Management:
- Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary)
- Proactively liaise with MMC 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)
Coaching:
- Training, developing and coaching of less experienced staff (including Junior Underwriters, Operations and Credit Control)
Key requirements/skills/experience
Required experience:
- Proven track record in Underwriting profitable business in UK P&C. Understanding of UK P&C products and portfolio
- Demonstrable, established relationships with brokers at peer group level
- Good understanding of UK P&C insurance markets and competitor landscape
- Understanding of legal and regulatory framework
- Experience working in complex, global matrix organization
Technical skills:
- Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to Live Entertainment
- 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 skills: Clearly and effectively express ideas and messages via speech or writing
- Influencing skills: Ability to persuade and motivate others to act, without executive authority
- Analytical Skills: Ability to effectively absorb information from various sources, then analyze, study or examine data in detail, and draw appropriate conclusions
Additional Information
AGCS 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.
At Allianz Global Corporate & Specialty (AGCS) we offer the opportunity to work in a dynamic environment with global challenges at the world’s leading P&C insurer.
Did you know Allianz insures more than half of the Fortune Global 500® companies, or that AGCS insures major movie productions, cyber security threats, and that we are the leading specialist in satellite and space insurance?
We have offices in 29 countries and with our extensive Allianz and partner network we help customers in more than 160 countries worldwide.
At AGCS UK we are not only impressive for our clients, but also for our employees as we offer the following generous benefits:
- Flexible buy/sell holiday options
- Bupa private medical insurance
- Generous pension contributions
- Enhanced paid maternity, paternity, shared parental leave
- Sabbaticals
- Flexible working options
- Subsidised on-site massages
- 25% off Allianz Insurance products
- Employee stock purchase plan for Allianz shares
- Education / study sponsorship
- Global mobility within AGCS and the wider Allianz Group
…and many more individual flexible benefits to choose from. We pride ourselves on our approach to wellbeing and provide regular seminars, activities, and events devoted towards the overall health of our employees.
We are looking for talented individuals who are passionate about what they do – come and find out why AGCS is the place for you!
