Allianz Global Assistance UK Senior Travel Underwriter in Croydon, United Kingdom
Main objective of the Role
Allianz Partners is a truly global company, with a global structure throughout the Underwriting department. This role will be a key role in the UK Business Unit and part of the European Underwriting team. The role will also have a strong working relationship with both UK and colleagues in other European countries
Safeguard the future profitability of the Travel line of business
Ensuring that new & renewal business pricing proposals are made in line with the company’s profitability objectives and underwriting policy.
Partner with Sales colleagues to deliver ambitious growth targets
Provide top quality analysis and insight of existing scheme performances
Rehabilitate poor performing schemes within the portfolio
Support Global and European topics – including the sharing of knowledge and implementing ‘best practice’ processes.
The role will work closely with:
Local, Regional and Global Product Management teams
Local and Global Pricing Model and Portfolio Monitoring teams
Head of Travel Case UW and Pricing Europe
Regional and Global UW teams (multi-country tenders)
Local and Global Sales teams
Local Operations / Claim handling teams
Local Compliance and Risk Management teams
- To support the development of technical underwriting competency across the Pricing and Underwriting function
To ensure accurate records of all quotations provided including any proof of authorisation and any changes made to the final quotation from the original price proposal.
Ensure prices are correctly set-up on relevant systems and match the approved prices.
To monitor on a regular basis, the on-going performance of business and to ensure timely proposals for remedial action for accounts not performing to target.
To have knowledge of the practical application of any regulatory and/or legislative issues applicable to the Travel line of business. Including, but not limited to, being aware of ABI and FCA announcements.
To contribute to any development of new products or line of products as required by the Business.
Be a point of contact for co-insurer, re-insurer, and other Travel line of business specific providers.
To complete all appropriate administration on a timely basis.
To pro-actively identify and recommend areas of improvement, with particular focus on streamlining processes and ensuring audit trails are maintained.
To support ad-hoc workloads requiring input from the Underwriting department.
You will also be responsible for the following;
Health & Safety
To ensure that your work area is kept safe and tidy at all times.
To abide by the Health & Safety Work Act 1974
To notify the Company Health & Safety officer or the Managing Director of any Health & Safety issues which may cause harm to fellow employees
To advise your Manager of any areas of work for which you require any additional training.
Be available for training on new schemes/policy changes and skills as required
Quality Management System
- To work as a member of a department within the quality system and follow all documented quality procedures and instructions.
Key Performance Areas
- To work towards achieving 100% on all Company, departmental, team and individual key performance targets.
- To work within and be compliant at all times with all relevant regulations and legislation applicable to the role
Physical Make-up & Appearance
- Office based role – Smart
Understanding of pricing methodology
Detailed understanding of regulatory bodies and legislation and their impact on the business
CII Qualified, or equivalent
Experience of working in remote teams
Strong understanding of insurance principles, practices and risk perception
Computer literate particularly using Excel.
Special Skills & Knowledge
Strong organisational and problem solving skills.
Numerate and analytical.
The ability to recognise and deliver excellent customer service.
The ability to effectively communicate at all levels both verbally and in writing.
Ability to manage tasks effectively to ensure compliance with quotation deadlines.
Previous experience of Underwriting Travel Insurance business.
Proven knowledge and understanding of technical Underwriting, including reserving, earning models, IBNR and their practical application to pricing.
Willingness and competence for cross-border co-operation in Europe and globally
Aptitude & Personality
Excellent communication and interpersonal skills.
Proactive, quick thinking, flexible and adaptable to changing situations.
Responsible and confident approach to work duties.
Able to work under pressure.
Able to make quick/sound decisions.
- Ability to prioritise workload/tasks.
Listen to other people’s ideas and point of view
Strong eye for detail.
External Title: Senior Travel Underwriter
External Company Name: Allianz Global Assistance
External Company URL: https://www.allianz-assistance.co.uk/
Address Line 1: 102 George Street