Commercial Combined Underwriting Manager

Allianz UK; Greater London; Hybrid; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Flexible holiday options

Hybrid working

Annual performance related bonus

Pension scheme

Development days

Discounts on insurance products

Retail discounts

Volunteering days

Job summary

Allianz UK is seeking a senior underwriting leader to head a team in London, driving profitability and technical excellence. The role is hybrid, with regular office presence required 2-3 days per week, and involves shaping strategy, governance, and commercial decisions across portfolios.

You will partner with cross-functional teams to develop capability, manage risk, and deliver strong performance while maintaining alignment with Allianz's strategy.

Qualifications

• Experience leading underwriting teams and delivering results.
• Strong knowledge of policy wordings, clauses, and non-standard cover.
• Ability to interpret KPI trends and identify opportunities.
• Understanding of regulatory frameworks and governance in underwriting.

Responsibilities

• Lead, motivate and develop a team of underwriters to deliver strong results and high engagement.
• Deliver KPI targets across complex cases and portfolios aligned to product strategy.
• Use underwriting authority with clear profit and loss impact.
• Make key commercial decisions to support profitable growth and strengthen distribution relationships.
• Support business development activity in line with segmentation strategy.
• Produce and deliver technical training, mentoring and coaching to your team.

Skills

Leadership

Underwriting expertise

Risk assessment

Regulatory knowledge

KPI analytics

Reinsurance knowledge

Portfolio management

Stakeholder engagement

Education

ACII

Job description

Role Description

You will lead underwriting delivery, driving strong product performance, technical excellence and profitable growth. This is a key leadership role where you will develop underwriting capability with your people while ensuring disciplined, high-quality decision-making aligned to strategy.

Location: This role is based in our London office, please note that this is a hybrid working role with the expectation to attend the office at least 2-3 days per week.

Salary Information

Pay is dependent on experience, skills and location and is part of our total reward package.

About You

• Lead, motivate and develop a team of underwriters to deliver strong results and high engagement
• Deliver KPI targets across complex cases and portfolios aligned to product strategy
• Use underwriting authority with a clear understanding of profit and loss impact and portfolio performance
• Make key commercial decisions to support profitable growth and strengthen distribution relationships
• Support business development activity in line with distribution segmentation strategy
• Conduct underwriting inspections, account control and quality review activity where required
• Produce and deliver technical training, mentoring and coaching to your direct reports
• Partner with Chief Underwriting Office and Underwriting Enablement teams to design and deliver technical capability frameworks
• Collaborate with Distribution to support service delivery and performance
• Represent Allianz in internal and external forums, engaging with key stakeholders

Essential Skills

• Proven leadership capability, with experience managing or developing underwriting teams
• Ability to balance technical excellence with business performance and growth objectives Strong underwriting expertise, including policy wordings, clauses and non-standard cover
• Ability to assess risk, pricing and terms, applying risk management principles effectively
• Understanding of claims drivers and application of mitigation strategies
• Strong knowledge of underwriting governance, legislation and regulatory frameworks
• Ability to interpret KPI’s, to identify trends and opportunities
• Understanding of reinsurance principles, including treaty and facultative arrangements
• Strong commercial acumen and understanding of portfolio and account management principles
• Excellent communication and stakeholder engagement skills

Desirable Skills

• ACII qualification or equivalent industry experience
• Completion of underwriting academy modules or similar professional development
• Knowledge of project or change delivery within underwriting environments
• Experience contributing to product development or segmentation activity
• Strong track record of delivering against challenging objectives
• Responsible Artificial Intelligence usage

What We Will Offer You

Recognised and rewarded for a job well done, we have a range of flexible benefits for you to choose from- so you can pick a package that’s perfect for you. We also offer flexible working options, global career opportunities across the wider Allianz Group, and fantastic career development and training. That’s on top of enjoying all the benefits you’d expect from the world’s number one insurance brand, including:

• Flexible buy/sell holiday options
• Hybrid working
• Annual performance related bonus
• Contributory pension scheme
• Development days
• A discount up to 50% on a range of insurance products including car, home and pet
• Retail discounts
• Volunteering days

Our Ways of Working

Do you need flexibility with the hours you work? Let us know as part of your application and if it’s right for our customers, our business and for you, then we’ll do everything we can to make it happen. Here at Allianz, we are signatories of the ABIs flexible working charter. We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements. Our aim with this is to help innovation, creativity, and you to thrive - Your work life balance is important to us.

Inclusive Support & Accessibility

At Allianz, we are committed to fostering building an inclusive, accessible workplace where everyone can thrive. As a Disability Confident employer, we welcome applications from disabled and neurodivergent candidates and offer tailored adjustments throughout the recruitment process and in the workplace, whether that’s assistive technology, ergonomic equipment, flexible working arrangements, mentoring or coaching. We want to encourage candidates to speak with us about any adjustments they may need. We’re here to support you.

If you have a disability or long‑term health condition and meet the essential criteria, you can choose to be considered through our Offer an Interview Scheme.

Contact our Resourcing team to opt into this scheme or for any assistance with during the recruitment process including larger text, hard copies, or spoken applications. [e-mail]

For any inquiries or to submit your application, please contact: Matthew Mckevitt

Closing date 18/11/26

We reserve the right to close the advert early if we reach enough applications