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Assistant Underwriter

Job Responsibilities:

  • Underwriting Support:

-Assist in evaluating new business and renewal submissions, including gathering and analyzing relevant data.

-Support the preparation of underwriting recommendations and proposals for decision-making.

-Ensure compliance with underwriting guidelines, company policies, and treaty.

  • Risk Assessment:

-Review survey reports and other risk documentation to assess exposures and recommend risk improvements.

-Assist in calculating adequate premiums by analyzing property characteristics, loss history, and risk mitigation measures.

  • Policy Administration:

-Prepare policy documents, endorsements, and quotations as directed.

-Monitor and ensure accurate and timely issuance of insurance policies and endorsements.

  • Data and Portfolio Management:

-Maintain and update underwriting records, databases, and files.

-Analyze portfolio performance and provide insights on trends and areas of improvement.

  • Client and Broker Communication:

-Communicate with brokers and clients to clarify risk details, gather required documentation, and answer general inquiries.

-Support the resolution of underwriting issues or discrepancies in collaboration with the team.

  • Technical Development:

-Participate in training sessions and workshops to build underwriting and risk assessment skills.

-Stay updated on market trends, regulatory changes, and emerging risks in property insurance.

  • Collaboration:

-Work closely with the senior underwriters to handle complex cases.

-Coordinate with other departments, such as claims, risk engineering, and reinsurance, as needed.

  • Risk Control and Mitigation:

-Assist in reviewing and following up on risk improvement recommendations for insured properties.

-Collaborate with risk engineers to ensure compliance with underwriting standards and guidelines.

  • Reinsurance and Treaty Management:

-Assist in ensuring adherence to treaty capacity and compliance with reinsurance guidelines.

-Liaise with reinsurers for facultative support, as needed.

  • Reporting and Analysis:

-Prepare and submit periodic reports on underwriting activities and performance metrics.

Job Qualifications:

  • Internship or 1–2 years in insurance underwriting or a related field is preferred.
  • Bachelor’s degree in insurance, Business Administration, Risk Management, or a related field.

To apply for this vacancy, please fill out the form below

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Allianz is fully committed to a workplace free of discrimination and actively promotes equal opportunities where all candidates have the same opportunity.

Allianz is committed to building a diverse workplace and recognizes that diverse employees bring varied skills, knowledge, backgrounds and perspectives to the workplace.