Senior Risk Engineering Underwriter

Allianz Spa; Lombardia; On-site; EUR 60,000 - 75,000; Full time

Job summary

Allianz Group seeks a Senior Risk Engineering Underwriter based in Milan to lead strategic underwriting for Construction and Corporate Client risks in the Italian market. You will align with the Risk Engineering Team and liaise with agents/brokers to drive targets and ensure consistent underwriting discipline.

You will collaborate across Sales, Risk Consulting, Claims, and other lines, shaping product development and ensuring alignment with corporate guidance while representing Allianz in local

Qualifications

• Master's degree in Industrial, Civil, Construction, Mechanical Engineering or equivalent.
• From 8 to 15 years of proven underwriting profitable Risk Engineering for corporate and construction risks as well as Engineering Professional Firms.
• Proven leadership skills; able to work in an international organization.
• Fluent in English and Italian (both written and spoken).
• Data analytics and proficiency with Office 365 and other collaboration tools.

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 Engineering 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, Risk Consulting, Claims and other product lines to achieve key marketing strategies, including cross-selling.
• Ensure underwriting consistency and discipline per corporate guidelines and authority levels.
• Proactively support development and implementation of new and/or modified products.
• Support acquisition of new business and retention of existing business.
• Communicate local business strategy externally.

Skills

Leadership skills

Risk assessment

Pricing and market analysis

Communication skills

Data analytics

Office 365 / collaboration tools

Entrepreneurial mindset

Fluent in English and Italian

International teamwork

Education

Master's degree in Industrial, Civil, Construction, Mechanical Engineering or equivalent

Tools

Office 365

Job description

SENIOR RISK ENGINEERING UNDERWRITER

Job Purpose/Role

Based in Milan and reporting to the Risk Engineering Team, you will be in charge of developing and executing the strategy for the Constructions and Corporate Client 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 Risk Engineering 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 Engineering 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 Industrial, Civil, Construction, Mechanical Engineering or equivalent experience
• From 8 to 15 years of proven experience in underwriting profitable Risk Engineering for corporate and construction risks as well as Engineering Professional Firms
• 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 and Italian (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 range applicable to the position offered is between € 60.000 gross and € 75.000 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).