JUNIOR PROPERTY UNDERWRITER

Allianz; Lombardia; On-site; EUR 31,000 - 38,000; Full time

Job summary

Allianz in Milan seeks a Property Underwriting professional to develop and execute the strategy for Property & Multinational risks in the Italian market and to support the local strategy to meet Allianz Mid Corporate targets. You will also serve as the contact person for agents and brokers working with the Property Team.

The role requires leadership, strong risk assessment, and pricing expertise, with a focus on underwriting discipline, cross-functional collaboration, and delivering robust

Qualifications

• Master's degree in Engineering, Economics or Law.
• 1–2 years' proven experience in underwriting profitable Property business for Corporate Clients both PD/BI and Theft.
• Preference if also experienced in Multinational clients and knowledge in Property.
• Proven leadership skills.
• Expertise in risk assessment and policy administration life cycle.
• Strong pricing knowledge and market analysis skills.
• Experience in designing, developing, and implementing robust wordings.
• Experience in driving underwriting projects.
• Entrepreneurial mindset.
• Strong communication skills.
• Ability to work in an international organization.
• Fluent in English (written and spoken).
• Data analytics.

Responsibilities

• Ensure underwriters comply with underwriting authority, pricing and rating guidelines.
• Steer and control the portfolio at local level with Head of Property to drive financial targets.
• Review performance of end-to-end underwriting life cycle with functional areas.
• Collaborate with Sales, Risk Consulting, Claims and other product lines to achieve marketing strategies including cross-selling.
• Ensure underwriting consistency and adherence to corporate guidelines and local regulatory framework.
• Support development and implementation of new/modified products.
• Support acquisition of new business and retention of existing business (including agent/broker negotiations).
• Communicate local business strategy externally.

Skills

Leadership

Risk assessment

Pricing & market analysis

Wordings design

Underwriting projects

Entrepreneurial mindset

Communication

International work

Data analytics

Office 365

Education

Master's degree in Engineering, Economics or Law

Tools

Office 365

Job description

Job Purpose/Role

Based in Milan and reporting to the Property Team, you will be in charge of developing and executing the strategy for the Property & Multinational risks into the Italian market. With strong ties to the Group, you will also support the local strategy to ensure the successful achievement of the Allianz Mid Corporate targets. You will be also the contact person for agents and/or brokers working with the Property Team.

Key Responsibilities

• Ensure underwriters comply with underwriting authority, pricing and rating guidelines.
• Steer and control the portfolio at local level in conjunction with the Head of Property to drive the achievement of financial targets.
• Proactively liaise with functional areas to review performance of end-to-end underwriting life cycle.
• Work closely with Sales departments, Risk Consulting, Claims and other product lines to achieve key marketing strategies, including cross-selling.
• Ensure underwriting consistency and underwriting discipline and adherence to all corporate guidelines and authority levels, including Rules and Principles, Underwriting Authorities, corporate governance rules and local regulatory framework.
• Proactively support the development and implementation of new and/or modified products
• Support the acquisition of new business and retention of existing business (including agent and broker negotiations)
• Communicate local business strategy externally

Key Requirements/Skills/Experience

• Master's degree in Engineering or Economics or Law or equivalent
• At least 1 to 2 years' proven experience in underwriting profitable Property business for Corporate Clients both PD/BI and Theft
• Preference if also experienced in Multinational clients as well as knowledge in Property.
• Proven leadership skills
• Expertise in risk assessment and a firm understanding of policy administration life cycle.
• Sound knowledge of pricing, together with strong market analysis skills
• Ideally experience in designing, developing, and implementing consistent and robust wordings
• Ideally experience in driving underwriting projects
• Entrepreneurial mindset
• Strong communication skills
• Able to work in an international organization.
• Fluent in English (both written and spoken)
• Data analytics

Very good knowledge in Office 365 and other collaborative tools

Pursuant to Article 5(1) of Legislative Decree No. 96 of 7 May 2026, as amended and supplemented from time to time, the role is classified at level 4 of the National Collective Labor Agreement for Insurance Companies and the applicable Company Agreement.

The initial gross annual salary, as provided for by the applicable National Collective Labor Agreement (CCNL) for the relevant Level, amounts to € 34.435,23.

107706 | Underwriting | Professional | Non-Executive | Allianz Italy | Full-Time | Permanent

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges is what makes us a unique employer.

We are united by a shared commitment: to put our customers first and at the centre of everything we do. Their needs inspire our thinking and guide our actions.Together, we can build an environment where everyone feels empowered and confident to explore, grow and shape a better future – for our customers and for the world around us.

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. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion and trust are at the heart of our culture.

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.

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