PROPERTY UNDERWRITER

Allianz Italia; Lombardia; On-site; EUR 45,000 - 55,000; Full time

Job summary

Allianz Italia in Milan seeks an underwriting professional to lead strategy for Property & Multinational risks in the Italian market. You will support local strategy, ensure achievement of targets, and act as contact for agents/brokers working with the Property Team.

Role requires degree in Engineering, Economics or Law and 3+ years in profitable Property underwriting for corporate clients, including multinational exposure and liability knowledge. Fluency in Italian and English is required.

Qualifications

• Degree in Engineering, Economics or Law or equivalent experience.
• At least 3 years in underwriting profitable Property business for Corporate Clients (PD/BI and Theft).
• Experience with Multinational clients and knowledge in Liability.
• Expertise in risk assessment and policy administration life cycle.
• Strong pricing knowledge and market analysis skills.
• Experience in designing, developing, and implementing consistent wordings.
• Experience driving underwriting projects.
• International mindset and strong communication skills.
• Fluent in Italian and English (written and spoken).

Responsibilities

• Ensure underwriters comply with underwriting authority, pricing and rating guidelines.
• Steer and control the portfolio at local level to achieve financial targets.
• Review performance of end-to-end underwriting life cycle with other functions.
• Collaborate with Sales, Risk Consulting, Claims and other lines to support marketing strategies.
• Ensure underwriting consistency and adherence to corporate guidelines and local regulations.
• Support development and implementation of new or modified products.
• Assist in acquiring new business and retaining existing business (agent/broker negotiations).
• Communicate local business strategy externally.

Skills

Fluent Italian & English

Strong communication

Entrepreneurial mindset

International work experience

Risk assessment

Education

Degree in Engineering or Economics or Law or equivalent

Job description

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

Degree in Engineering or Economics or Law or equivalent Experience

• At least 3 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 Liability.
• 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 Italian and English (both written and spoken)

Data Reporting

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 range applicable to the position offered is between € 45.000 gross and € 55.000 gross.

Employment will be subject to the terms and conditions set forth in the National Collective Labor Agreement for Insurance Companies and the applicable Company Agreement.

The final determination of the starting remuneration will be based on an evaluation of the candidate’s qualifications, skills, and relevant experience in relation to the requirements of the role.

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.

Join us.

Let's care for tomorrow.

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