Underwriter Property South Korea, Allianz

Allianz

Location:
South Korea, Seoul

Category:
Insurance

Contract Type:
Employment contract

Salary:

Not provided

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Job Description:

At Allianz Commercial, we are the global leader for insuring corporate and specialty risks in the Allianz Group. This role involves underwriting profitable new and renewal business to meet LoB targets, maintaining relationships with brokers and clients, and ensuring compliance with Underwriting Authorities and guidelines.

Job Responsibility:

Underwrite new and renewal accounts to meet top and bottom-line targets
Negotiate participation, pricing and terms and conditions with brokers
Proactively manage capacity
Underwrite in line with LoB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles
Ensure contract certainty is achieved on all accounts at time of inception
Ensure utilization of global pricing tools
Ensure placing and binding of FAC Reinsurance prior to policy inception
Ensure accurate policy documentation issued to broker (where AGCS responsibility to do so) or broker has issued documentation (where broker responsibility)
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
Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary)
Proactively liaise with MMC on market management initiatives
Positively represent AGCS 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).

Requirements:

Proven track record in Underwriting profitable business in LoB
Good understanding of LoB products and portfolio
Demonstrable, established relationships with brokers at peer group level and established within market
Good understanding of regional/local LoB insurance markets and competitor landscape
Understanding of legal and regulatory framework
Experience working in complex, global matrix organization
Ability to assess risk inherent exposures and natural hazards relevant to LoB
Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs
Design, develop and implement consistent, robust wordings
Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation
Communication skills: Clearly and effectively express ideas and messages via speech or writing
Influencing skills: Ability to persuade and motivate others to act, without executive authority
Analytical Skills: Ability to effectively absorb information from various sources, then analyze, study or examine data in detail, and draw appropriate conclusions.

What we offer:

Inclusive environment
Hybrid working model
Flexible working arrangements
Great compensation and benefits package
Generous bonus scheme
Pension
Career development and digital learning programmes
International career mobility
Support for flexible working, health, and wellbeing
Private healthcare
Generous parental leave benefits
Support for career breaks
Opportunities to engage in shaping a future that is safe, inclusive, and sustainable.

Additional Information:

Job Posted:
May 09, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Underwriter Property South Korea