Liability Underwriter

Allianz Italia; Milano; On-site; EUR 60,000 - 80,000; Full time

Job summary

A leading insurance company in Milan is seeking a Liability Underwriter to develop and execute the strategy for Liability risks in the Italian market. The ideal candidate will possess a Master’s degree and 3-5 years of experience in underwriting for corporate clients. This full-time position offers opportunities in a dynamic, international environment with a focus on collaboration and innovation.

Qualifications

• 3 to 5 years' experience in underwriting Liability business for corporate clients.
• Experience in PI/D&O/Cyber Risks/Legal Expenses preferred.
• Able to work in an international organization.

Responsibilities

• Ensure compliance with underwriting authority and guidelines.
• Steer portfolio management to achieve financial targets.
• Collaborate with Sales, Risk Consulting, and Claims departments.

Skills

Risk assessment

Market analysis

Leadership

Data analytics

Fluent in English

Education

Master's degree in Law or Economics

Tools

Office 365

Job description

Join to apply for the Liability Underwriter role at Allianz Italia

Based in Milan and reporting to the Liability Team, you will be in charge of developing and executing the strategy for the Liability & Environmental Impairment Liability 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 Liability 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 Liability 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 Law or Economics
• At least 3 to 5 years' proven experience in underwriting profitable Liability business for corporate clients
• Preference if also experienced in PI / D&O / Cyber Risks / Legal Expenses as well as in Multinational Clients/Programs.
• 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
• 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

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. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and 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. And the foundation for this is our inclusive workplace, where people and performance both matter, 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.

Join us. Let's care for tomorrow.

Both genders may apply in accordance with the L. 903/77 (s.m.i).

Seniority level

Associate

Employment type

Full-time

Job function

Other

Industries

Insurance