Junior Underwriter In Stockholm (Sweden) Or Copenhagen (Denmark) Interim Position App 18 Months (Maternity Cover)
Stockholm , ME 04783
Posted 2 months ago
SE-103 88 StockholmRegeringsgatan 54AGCS2019-05-16T00:00:000falseAllianz Global Corporate & Specialty (AGCS) is the Allianz Group's dedicated carrier for corporate and specialty insurance business. AGCS provides insurance and risk consultancy across the whole spectrum of specialty, alternative risk transfer and corporate business:
Marine, Aviation (incl. Space), Energy, Engineering, Entertainment, Financial Lines (incl. D&O), Liability, Mid-Corporate and Property insurance (incl.
International Insurance Programs).Worldwide, AGCS operates in 30 countries with own units and in over 210 countries and territories through the Allianz Group network and partners. In 2016, it employed around 5,000 people and provided insurance solutions to more than three quarters of the 'Fortune Global 500' companies, writing a total of 7.6 billion gross premium worldwide.~crlf~~crlf~AGCS SE is rated AA by Standard & Poor's and A+ by A.M. Best.~crlf~~crlf~More information about careers at Allianz Global Corporate Specialty can be found at www.agcs.allianz.com/careers~crlf~~crlf~ENAllianz is the home for those who dare a supportive place where you can take the initiative to grow and to actively strengthen our global leadership position.
By truly caring about people both its 88 million private and corporate customers and more than 140,000 employees Allianz fosters a culture where its employees are empowered to collaborate, perform, embrace trends and challenge the industry. Our main ambition is to be our customers' trusted partner, instilling them with the confidence to grow. If you dare, join us at Allianz Group.~crlf~~crlf~Allianz is an equal opportunity employer.
Everybody is welcome, regardless of other characteristics such as gender, age, origin, nationality, race or ethnicity, religion, disability, or sexual orientation.AGCSAGCS is dedicated to offering its employees an environment open for learning and development and hosts its own Underwriting Academy to drive continued excellence in underwriting and to better understand and serve our clients' needs.~crlf~ ~crlf~Allianz is the world's leading insurance company within Property and Casualty with presence in more than 70 countries. Around 83 million private and corporate customers rely on Allianz's knowledge, global reach, capital strength and solidity. ~crlf~ ~crlf~AGCS has around 4,500 employees and is a separate part of the Allianz Group that provides solutions to large and medium scale corporate clients with complex and international insurance needs. Our ambition is to be the partner of choice within our segment.
This acquires engaged and competent colleagues and that's where you come in!Required experience:~crlf~##Basic understanding of AGCS LoB products and portfolio~crlf~##Evidence of relationship building with brokers at peer group level ~crlf~##Basic understanding of regional / local LoB insurance markets and competitor landscape~crlf~##Basic understanding of legal and regulatory framework~crlf~##Experience working in complex, global matrix organization~crlf~ ~crlf~Required education:~crlf~##Preferably a degree in Economics, Law, or other appropriate discipline~crlf~##Progress towards professional insurance qualification (e.g. CII)~crlf~ ~crlf~Technical skills:~crlf~##Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to LoB~crlf~##Pricing and Market mgt:
Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs~crlf~##Contract Drafting and Interpretation: Design, develop and implement consistent, robust wordings~crlf~##Policy Management: Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation~crlf~ ~crlf~General skills:~crlf~##Communication skills:
Clearly and effectively express ideas and messages via presentations/speech or in writing~crlf~##Influencing skills: Ability to persuade and motivate others to act without direct authority~crlf~##Analytical Skills:
Ability to effectively absorb information from various sources, then analyze, study or examine data in detail and draw appropriate conclusions
Underwriting:~crlf~##Underwriting of new and renewal accounts to meet top and bottom line targets within predefined underwriting authority~crlf~##Participates in the acquisition of new business and retention of existing business (including client and broker negotiations where necessary) in line with Underwriting Strategy~crlf~##Proactively prepare relevant underwriting information including client / market research and claims data~crlf~##Assist in pricing of risks, using global tools as appropriate~crlf~ ~crlf~Underwriting Approach and Compliance~crlf~##Ensure Underwriting compliance in line with LoB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles~crlf~##Assist in ensuring contract certainty is achieved on all accounts at time of inception~crlf~ ~crlf~Policy Documentation and Administration~crlf~##Proactively establish and maintain policy file (whether electronic or paper) for each risk and transaction handled~crlf~##Ensure accurate policy documentation issued to broker (where AGCS responsibility to do so) or broker has issued documentation (where broker responsibility)~crlf~##Support administration of International Insurance Programs (for relevant LoBs)~crlf~ ~crlf~Accounts Reconciliations~crlf~##Manages timely and accurate booking of policy premiums and credit control / collection processes~crlf~##Proactively work with other functions (e.g. operations, credit control) to resolve outstanding accounts queries~crlf~ ~crlf~Market Management~crlf~##Positively represent AGCS externally to the market~crlf~##Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations~crlf~##Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders (e.g. risk managers)~crlf~ ~crlf~Relationship Management~crlf~##Proactively develop relationships with internal functional areas involved in Underwriting process, including e.g. MMC, ARC, Claims, Operations~crlf~##Develop and maintain relationships with brokers at peer level
####Independently prepares underwriting process within own area of responsibility and expertise
, and liaise with other functions to ensure timely/accurate policy administration~crlf~##Develop and maintain peer level relationships with brokers~crlf~ ~crlf~Future challenges:~crlf~##Effective working within the global matrix/sap/bc/webdynpro/sap/hrrcf_a_applwizard?PARAM=cG9zdF9pbnN0X2d1aWQ9QzJFQkRFMURDRjAyMUVEOTkwODNEMkE3MkNCQ0NBQTQ%3d&sap-wd-configid=ZA_AGT_GC_UNREG&sap-client=100&sap-language=EN&sap-ep-themeroot=%2fSAP%2fPUBLIC%2fBC%2fUR%2fnw5%2fthemes%2fZAGTLSfalse0AGCS-SW-6163185-E