Senior Underwriter Cyber - Iberia - Madrid

Allianz Commercial; Madrid; Híbrido; EUR 65.000 - 84.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Hybrid working model

Bonus scheme

Private healthcare

Descripción de la vacante

Allianz Commercial Spain seeks a Senior Underwriter Cyber to join the Iberia team. You will underwrite new and renewal Cyber accounts, set terms with brokers, and protect profitability while building strong client relationships.

You will work closely with Market Management and Distribution, develop pricing strategies, manage concentration risk, and help shape Cyber policy wordings for Iberia. This hybrid role offers a competitive salary, a performance bonus, private healthcare, and broader

Formación

• Experience underwriting profitable Cyber business in the Iberia region.
• Degree in Law, Business Administration, Economics or a relevant discipline.
• Established broker relationships and understanding of Iberia Cyber market.

Responsabilidades

• Underwrite new and renewal Cyber accounts to meet targets in line with guidelines and authority.
• Negotiate participation, pricing, and terms with brokers for profitable Cyber outcomes.
• Proactively manage exposure and capacity across the Cyber book, addressing concentration risks and trends.
• Support acquisition of new business and retention of existing clients with Distribution and Client Relationship teams.
• Liaise with Market Management and Distribution on market initiatives and Cyber product development in Iberia.
• Develop and maintain strong relationships with brokers, clients, and stakeholders.
• Assess Cyber risk exposures, including security controls and threat trends, applying sound risk selection decisions.
• Contribute to design and implementation of robust policy wordings for the Cyber product.

Conocimientos

Cyber underwriting

Fluent Spanish

Fluent English

Broker relationships

AI/ML awareness

Educación

Law degree

Business Administration

Economics

Descripción del empleo

This job is with Allianz Commercial, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

We are looking for a Senior Underwriter Cyber to join our team in Iberia.

Your Team

You will be part of the Allianz Commercial Spain team - a dynamic, ambitious group dedicated to delivering outstanding insurance solutions across the Iberia region. Combining the strength of Allianz's global network with deep local market knowledge, the team is well-positioned to address the complex and evolving needs of businesses across Spain and Portugal. You will work closely with colleagues in Financial Lines, Market Management, and Distribution, as well as with brokers and clients who rely on Allianz Commercial as their trusted partner.

The Impact You Will Have

As Senior Underwriter Cyber for the Iberia region, you will be at the forefront of one of the most dynamic and fast-growing lines of business in the insurance market. You will underwrite profitable new and renewal business to meet Cyber targets, negotiate terms and conditions with brokers, and take ownership of key client relationships. Your technical expertise, market insight, and ability to build strong partnerships will directly support the growth and profitability of the Cyber portfolio across Iberia - while contributing to Allianz Commercial's position as a leading Cyber insurer in the market.

Responsibilities

You will underwrite new and renewal Cyber accounts to meet top and bottom line targets, in accordance with underwriting guidelines and your delegated underwriting authority.

You will negotiate participation, pricing, and terms and conditions with brokers, ensuring competitive and profitable outcomes for the Cyber portfolio.

You will proactively manage exposure and capacity across the Cyber book, identifying and addressing concentration risks and emerging trends.

You will support the acquisition of new business and the retention of existing clients, working in close coordination with the Distribution and Client Relationship teams.

You will liaise proactively with Market Management and Distribution on market management initiatives, contributing to the development of the Cyber product offering in Iberia.

You will develop and maintain strong relationships with key brokers, clients, and other relevant stakeholders, representing Allianz Commercial positively and professionally in the market.

You will assess Cyber risk exposures, including digital dependencies, security controls, incident history, threat trends, and potential systemic risk, applying sound technical judgement to pricing and risk selection decisions.

You will contribute to the design, development, and implementation of consistent and robust policy wordings, supporting the quality and integrity of the Cyber product.

What You'll Bring

You have strong experience in underwriting profitable Cyber business in the Iberia region, with a proven ability to manage or contribute to a Cyber portfolio.

You ideally have a degree in Law, Business Administration, Economics, or another relevant discipline; equivalent professional experience is also considered.

You bring established broker relationships and a good understanding of the Iberia Cyber insurance market.

You have a strong understanding of regional and local Cyber insurance markets and the competitor landscape, including global market dynamics.

You have excellent analytical skills, with the ability to assess risk exposures, analyse performance against benchmarks, and apply sound underwriting judgement.

You have excellent communication and presentation skills, with the ability to build relationships and communicate clearly at all levels and with a wide range of stakeholders.

You demonstrate the ability to influence and motivate others without executive authority, driving outcomes through expertise, credibility, and collaboration.

You are comfortable using data insights, digital tools, and emerging technologies, including AI-enabled solutions, to support decision-making, improve efficiency, and contribute to broader organisational goals.

You have fluent Spanish and English language skills; proficiency in Portuguese or other Iberian languages is a strong advantage.

• Experience in applying artificial intelligence (AI) and machine learning (ML) to improve business processes and decision-making is highly beneficial.

Important Information About This Opportunity

As part of Allianz Commercial's strategic partnership with Coalition, one of the leading cyber insurance and security providers, this role is expected to become part of Coalition's operating model in the future. While the timing of the transition is still being finalized, candidates should be aware that employment in this cyber role will transfer from Allianz Commercial to Coalition at a later stage.

Once transferred,the role will continue to focus on supporting cyber insurance business associated with Allianz Commercial's clients and distribution network. This creates a unique opportunity to gain exposure to the capabilities, technology, and expertise of two leading organizations in the cyber insurance market.

Representatives from both Allianz & Coalition will participate in the recruitment process.

For Spain, the base salary range for this position is between € 65 000 and € 84 000 (for a full-time role).

• the requirements, scope, complexity and responsibilities of the role,
• the applicant's own profile including education/qualifications, expertise, specialization, skills and experience.

The annualized represents a market range and will also be determined by the location of the role. In the situation where you do not meet all the job requirements or you significantly exceed these, the offered salary may be below or above the advertised range. In addition to your base salary, we offer an attractive performance-based variable component based on location specific regulations, and you may be eligible for additional benefits.

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.

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

Join us.

Let's care for tomorrow.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore 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.