Underwriting Apprentice

Allianz; Camden Town; On-site; GBP 20,000 - 30,000; Full time

Job summary

A global insurance leader is seeking 4 Apprentices to join their London-based Underwriting teams for a 3.5-year contract. The roles involve rotations across various specializations and provide hands-on experience in underwriting processes. Candidates should have strong GCSEs in English and Maths, A Levels, and a comprehensive skill set to effectively support team operations.

Qualifications

• GCSE in English and Maths with grades 6-9 required.
• A Level in any subject with grades A to C is necessary.
• Strong communication, IT, attention to detail, and organizational skills are crucial.

Responsibilities

• Undertake rotations in various Underwriting teams.
• Work closely with Underwriters to align activities with governance framework.
• Participate in underwriting tasks including risk assessments and broker collaboration.

Skills

Communication skills

IT skills

Attention to detail

Organisation skills

Customer care skills

Problem solving skills

Presentation skills

Number skills

Analytical skills

Logical thinking

Team working

Initiative

Education

GCSE in English (grade 6-9)

GCSE in Maths (grade 6-9)

A Level in Any subject (grade A to C)

Advanced Diploma in Insurance (ACII)

Job description

We are looking for 4 Apprentices to join our London-based Underwriting teams for a 3.5-year contract. You will undertake rotations in the Construction, Financial Lines, Liability and Property LargeCorp Underwriting teams, who are all based in our central London offices., Working with the Underwriters to ensure that all activities align with the Line of Business (LoB) governance framework, including:

• Underwriting Authorities, guidelines, rules and principles
• Participating in key underwriting tasks, such as managing business pipeline, conducting initial risk assessments, using pricing and other tools to evaluate potential policies and working with brokers to support customer servicing
• Co-ordinating with onshore and offshore operations teams to manage premium bookings, ensuring all details are accurately recorded and processed and queries resolved
• Helping with audit tasks, supporting the teams to review and ensuring compliance with underwriting processes
• Gaining hands-on experience in various functional areas of the underwriting process and communications with brokers and customers, providing valuable support across the team, Technical ability: Applies specialist technical knowledge and experience to unfamiliar and/or complex situations. Proactively responds to insurance market changes to deliver positive outcomes to all stakeholders. Consistent application of legal insurance principles, knowledge of the market structure and its processes and procedures and documentation to a range of complex situations.
• Relationship development and management: Engages and networks proactively with clients/customers and colleagues/senior management, as required to deliver business outcomes. Manages customer/stakeholder expectations effectively. Uses interpersonal skills and networks to influence and gain support, to deliver positive business outcomes.
• Communication: Uses a range of advanced communication techniques to convey complex information. Negotiates effectively. Seeks out opportunity to communicate complex information clearly and negotiate effectively by applying advanced communication techniques.
• Ownership and initiative: Contributes to the development and implementation of operational plans within business area. Manages people and/or processes to ensure the operational and strategic needs of business are met. Challenges existing processes and procedures to improve the customer/client/ stakeholder experience. Uses a structured, evidence-based approach when taking ownership for resolving identified problems. Able to provide a clear rationale when making decisions.
• Governance: Uses in-depth knowledge of regulatory requirements to support organisational compliance. Uses understanding of risk to contribute to anticipating, identifying and managing exposures within their business area.
• Advice and support: Consistently supports others and collaborates to achieve results in line with business strategy. Takes a leadership role within team when appropriate. Is alert to sector developments and notifies others where they impact on own business area.
• Management of information & data: Obtains and analyzes relevant information and data to evaluate performance and influence business results. Uses data analysis to challenge existing business processes/procedures. Proficient in the use of bespoke and/or generic IT and systems needed to facilitate the analysis and evaluation of data.
• GCSE in: English (grade 6-9)
• GCSE in: Maths (grade 6-9)
• A Level in: Any subject (grade A to C)
• Share if you have other relevant qualifications and industry experience. The apprenticeship can be adjusted to reflect what you already know.
• Communication skills
• IT skills
• Attention to detail
• Organisation skills
• Customer care skills
• Problem solving skills
• Presentation skills
• Number skills
• Analytical skills
• Logical
• Team working
• Initiative, Apprentices on the Level 6 Senior Insurance Professional Programme will also achieve the Advanced Diploma in Insurance (ACII) from the Chartered Insurance Institute. You will be a competent professional, trusted for your technical underwriting knowledge and expertise.
• At Allianz Commercial, we are the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it's aircraft, the world's biggest ships and tallest building, cyber-attacks or climate change impacts, Allianz Commercial has the major risks covered when it comes to protecting businesses.