Junior Underwriter Cyber

6 months ago

London, United Kingdom Allianz Commercial Full time

**Let’s care for tomorrow.**
**Your ambitions. Your dreams. Your tomorrow.**

Whether it’s aircraft, international business, offshore wind parks, or Hollywood film productions, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.

We are looking for a Junior Underwriter Cyber (M/F) based in London.

**Your Team**

At Allianz Commercial we specialise in offering Cyber/Technology PI insurance for the most complex and challenging exposures. With a focus on larger global risk portfolios and major national risks, we offer tailor made ‘All Risks’ property damage and business interruption insurance through our global network.

**The Impact You Will Have**

Reporting to the Head of Cyber Underwriting for the UK, you will work closely with clients and brokers to develop personalised solutions as well as developing new relationships. You will be responsible for underwriting profitable new and renewal business to meet Cyber targets regionally in line with the global strategy. Your responsibilities will also include negotiating participation, pricing and terms & conditions, supporting the acquisition of new business and retaining existing business.

**Some of your specific responsibilities could include**:

- Underwrite and evaluate Cyber exposures, contributing to the profitable growth of the book
- Actively drive involvement of functional areas in the Underwriting process, including Market Management, Risk Consulting, Claims, Operations, etc.
- Support more experienced underwriters on complex business as appropriate
- Develop broker relationships and attend client meetings to market our offering and value proposition

**What You’ll Bring to the Role**
- You have 1-3 years’ experience in an underwriting or underwriting support function preferably in the Cyber/Tech PI/Media segment
- Ideally you are CII qualified or equivalent or working towards it
- You have recognised relationships with clients and brokers at peer group level and are well established within your reference market
- You have a specialised understanding of regional / national Cyber insurance markets and the competitor landscape
- You are able to negotiate effectively achieving the best outcome for your portfolio while maintaining positive business relationships with your clients and brokers
- You are capable of leveraging data and analytics to make business more efficient and effective
- You have a good understanding of the legal and regulatory framework
- You can design, develop and implement consistent, robust wordings for contracts.

42722 | Underwriting | Entry Level | Allianz Commercial | Full-Time | Permanent

**What’s in it for you?**

**Let’s care about everything that makes you, you**
We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

**Let’s care for your financial wellbeing**
We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

**Let’s care for your opportunities to progress**
From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.

**Let’s care for life’s twists and turns**
From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.

**Let’s care for our society and our planet**
With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.

**Care to join us?**

Allianz Commercial is the Allianz Group brand serving the world’s largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations’ economies. We bring together the corporate multinational business of Allianz Global Corporate & Specialty and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling.

As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2022 generated more than €19 billion gross premium.

Learn more about careers at Allianz Commercial by clicking here.

Learn more about Allianz Commercial by clicking here.

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