Assistant Underwriter (m/f/d)

Allianz; London; Hybrid; GBP 30,000 - 45,000; Full time

Job summary

A leading insurance provider seeks an Assistant Underwriter based in London to support various underwriting activities for new and renewal business. This entry-level role offers valuable exposure to the underwriting lifecycle, ensuring compliance and effective communication with stakeholders. Ideal for candidates eager to build their career in the insurance industry.

Benefits

Generous bonus scheme

Pension plan

Hybrid working model

Health and wellbeing support

Career development programs

Qualifications

• 1-3 years of experience in insurance or a similar environment.
• Progress toward professional insurance qualification (e.g., CII) is advantageous.
• Fluent English (spoken and written); additional languages are a plus.

Responsibilities

• Support the underwriting process by preparing relevant data.
• Assist in pricing and natural catastrophe evaluations.
• Coordinate issuance and accuracy of policy documentation.

Skills

Communication

Analytical mindset

Attention to detail

Team-oriented attitude

Education

Bachelor's degree in Economics, Law, or a related field

Job description

We are looking for an Assistant Underwriter (m/f/d), based in London.

Your Team

Join our collaborative and dynamic team supporting the Underwriting function at Allianz Commercial. We are committed to delivering efficient, compliant, and customer-focused underwriting support while fostering strong relationships across internal functions and broker networks. You will work closely with underwriting, operations, market management, and claims colleagues to ensure seamless policy administration and delivery.

The Impact You Will Have

As an Assistant Underwriter, you will play a key supporting role in preparing and managing underwriting activities for new and renewal business across various Lines of Business. You will help ensure underwriting compliance, contribute to the timely issuance of policy documents, support account reconciliation processes, and maintain effective communication with internal stakeholders and brokers. This entry-level role offers exposure to the full underwriting lifecycle in a global, matrixed environment, ideal for candidates seeking to build a career in insurance.

Some of your responsibilities could include:

-Supporting the underwriting process by preparing relevant client, market, and claims data.

-Assisting in pricing and natural catastrophe accumulation evaluations.

-Ensuring compliance with underwriting governance frameworks and contract certainty at inception.

-Coordinating the issuance and accuracy of policy documentation and administration of international insurance programs.

-Supporting timely premium bookings, credit control, and resolving accounts queries.

-Maintaining strong peer-level relationships with brokers and collaborating with internal functions (e.g., Claims, Operations, Market Management).

What You'll Bring to the Role:

- Bachelor's degree in Economics, Law, or a related field (or equivalent experience).

- 1-3 years of experience in insurance or a similar environment.

- Basic understanding of underwriting, risk assessment, and policy lifecycle.

- Strong communication and influencing skills.

- Analytical mindset with attention to detail and accuracy.

- Proactive, team-oriented attitude with ability to work in a complex, global matrix.

- Fluent English (spoken and written); additional languages are a plus.

- Progress toward professional insurance qualification (e.g., CII) is advantageous.

- A willingness to learn and explore how AI can enhance your role and the broader organization is expected.

74394 | 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 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.

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 race, ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other characteristics protected under applicable local laws and regulations. Diversity of thinking is an important part of our 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 [e-mail]

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. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.

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