Let’s care for tomorrow. 

Your ambitions.  Your dreams.  Your tomorrow 

 

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

 

We are looking for a Head of Alternative Risk Transfer (ART), Asia Pacific, based in Singapore. 

 

The Impact You Will Have 

Reporting to the Regional Head of ART, based in UK, you will underwrite profitable new and renewal ART business to meet LoB targets locally/regionally. You will drive negotiation of participation, pricing and terms and conditions. You will own accounts / clients and develop and maintain strong relationships with brokers and clients. 

You will be involved in training and development of team and act as a referral point for other underwriters and other LoB staff. You will also contribute to planning and strategy. You will actively guide portfolio level underwriting decisions, guide collaboration with other LoBs within the region and globally and actively contribute to Allianz Commercial Integration. 

 

Key Responsibilities: 

 

Underwrite Profitable business 

Actively participate in underwriting strategy design including pricing, capacity utilization and portfolio management. 

Underwrite new and renewal accounts to meet top and bottom-line LoB targets.  

Negotiate participation, pricing and terms and conditions.  

Proactively manage capacity.  

Underwrite and evaluate Natural Catastrophe Accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios.  

Actively guide more junior underwriters and pricing staff. 

 

Underwriting Approach and Compliance 

Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles.  

Participate in the design of those Guidelines, Rules and Principles at a regional and global level in close collaboration with the ART Regional Head. 

Ensure contract certainty is achieved on all accounts at time of inception 

Actively contribute to the development of pricing tools, guidelines and methods within the LoB. 

 

Policy Documentation and Administration 

Ensure accurate policy documentation issued to broker (where Allianz Commercial responsibility to do so) or broker has issued documentation (where broker responsibility).  

Collaborate with ART Legal and others to develop new contract wording where necessary. 

File maintenance – ensure file is established (whether electronic or paper) and maintained for each risk and transaction handled. 

Proactively support completion of policy administration and credit control processes. 

 

Support Underwriting Strategy & Leadership 

Be integral to development and execution of regional Underwriting strategy for LoB. 

Training, developing and coaching of less experienced staff (including junior underwriters, actuarial, operations, credit control) 

Delegate work as appropriate.  

Actively promote ART LoB to other internal stakeholders.  

Actively collaborate with Risk Management to aid in their understanding of risks to be taken by the LoB. 

 

Market Management 

Lead the acquisition of new business and retention of existing business  (including client and broker negotiations where necessary) 

Proactively guide MMC on market management initiatives.  

Educate Distribution on capability, products and ideas and actively deliver the same to Brokers and Clients. 

 

Relationship Management 

Positively represent Allianz Commercial and the Allianz Brand externally to the market. 

Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations 

Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers) 

 

What You’ll Bring to the Role 

 

Key Experience / Requirements / Skills 

Proven track record in Underwriting profitable ART business in LoB. Good understanding of ART LoB products and portfolio – Minimum 5 to 7 years 

Proven track record in Pricing profitable business. Good understanding of Pricing products and portfolio management. – Minimum 5 to 7 years 

Good understanding of Alternative Risk Transfer structured solutions and their application – Minimum 5 to 7 years 

Must be experienced in Parametric Products, Multi Year Multi Line Products, Funded Solutions and must demonstrate an ability to create other innovative products to address new and novel market and customer needs – Minimum 5 to 7 years 

Understanding of legal and regulatory framework – Minimum 5 to 7 years 

Experience working in complex, global matrix organization – Minimum 5 to 7 years 

 

Technical Skills 

Risk Assessment and Management: Proven ability to assess risk and inherent exposures and natural hazards relevant to Art LOB 

Structuring: Understand complex structured transactions and with actuarial assistance develop pricing and performance models and metrics.  

Negotiate with brokers and customers. 

Contract Drafting and Interpretation: Design, develop and implement consistent, robust wordings 

Policy Management: Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation. 

 

General Skills 

Communication & Presentation: Ability to express ideas and messages clearly, both written and verbally.  Ability to "sell" an improvised or prepared audience winning story 

Stakeholder and Team Management: Ability to develop and positively influence key, strategic position holders across locations and functions. Demonstrate Leadership within the team. 

Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire. 

Strategic Planning: Ability to develop innovative solutions in a fast-changing environment; ability to communicate strategies to address market trends or changes in the business environment 

 

Required Education 

Must have a degree in Economics, Law, or other appropriate discipline  Preferably a master's degree in a relevant subject. 

 

Language 

Fluency in written and spoken English; proficiency in other international languages is a plus. 

 

64909 | Underwriting | Management | 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 center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks.Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises.We also cover unique risks such as offshore wind farms, infrastructure projects and film productions.Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling.Allianz Commercial helps customers to prepare for what's ahead. 

 

Learn more about careers at Allianz Commercial by clicking here. 

 

Learn more about Allianz Commercial by clicking here. 

 

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic. Diversity of thinking is an important part of our culture. 

 

People with disabilities: 
We want to give all our candidates the best opportunity to succeed.  If you need any adjustments to be made during the application and selection process, please email agcsglobalcareers@allianz.com 

 

Recruitment Agencies:  

Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly.  Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters.  Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired.  When we do use agencies, we have a PSL in place, so please do not contact managers directly. 

 

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