Assistant Underwriter, Entertainment - Allianz - London - Wizbii

Assistant Underwriter, Entertainment

  • By Allianz
  • Entry-level job
  • July 2017
  • London (United Kingdom)
  • Finance / Management Control

Job description


Based in London and working in the Entertainment team, you will proactively support the preparation of the Underwriting process (Preparatory. No authority/Entry Level). You will be expected to develop and maintain peer level relationships with brokers. You will also deliver effective and efficient Underwriting support for internal and external customers. In addition you will proactively liaise with other functions to ensure timely and accurate policy administration.


Assist in underwriting of new and renewal accounts to meet top and bottom line targets

Proactively prepare relevant underwriting information including client / market research and claims data

Assist in evaluation of Natural Catastrophe Accumulation (for relevant LoBs)

Assist in pricing of risks, using global tools as appropriate

Underwriting Approach and Compliance

Provide proactive support to ensure Underwriting compliance in line with LoB governance framework - e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles

Assist in ensuring contract certainty is achieved on all accounts at time of inception

Assist in ensuring binding of FAC Reinsurance prior to policy inception

Policy Documentation and Administration

Proactively establish and maintain policy file (whether electronic or paper) for each risk and transaction handled

Ensure accurate policy documentation issued to broker (where AGCS responsibility to do so) or broker has issued documentation (where broker responsibility)

Support administration of International Insurance Programs (for relevant LoBs)

Accounts Reconciliations

Proactively support timely and accurate booking of policy premiums and credit control / collection processes

Proactively work with other functions (e.g. operations, credit control) to resolve outstanding accounts queries

Market Management

Coordinate with Market Management

Relationship Management

Proactively develop relationships with internal functional areas involved in Underwriting process, including e.g. MMC, ARC, Claims, Operations

Develop and maintain relationships with brokers at peer level


Preferably a degree in Economics, Law, or other appropriate discipline

Progress towards professional insurance qualification, or a demonstrated interest (e.g. CII)

Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to Lines of Business

Pricing and Market management: Analyse current performance against benchmarks applying how the market operates and functions, the business needs and customer needs

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.

Basic understanding of regional / local Line of Business insurance markets and competitor landscape

Basic understanding of legal and regulatory framework

Communication Skills: clearly and effectively express ideas and messages via presentations/speech or in writing.

Influencing skills: ability to persuade and motivate others to act without direct authority

Analytical skills: ability to effectively absorb information from various sources, then analyze, study or examine data in detail and draw appropriate conclusions

Exposure to / basic understanding of legal and regulatory framework

Exposure to relationship building with brokers

Exposure to/ basic understanding of regional / local LoB insurance markets and competitor landscape

Exposure to working in complex, global matrix organization


AGCS 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.

At Allianz Global Corporate & Specialty (AGCS) we offer the opportunity to work in a dynamic environment with global challenges at the world’s leading P&C insurer.

Did you know Allianz insures more than half of the Fortune Global 500® companies, or that AGCS insures major movie productions, cyber security threats, and that we are the leading specialist in satellite and space insurance?

We have offices in 29 countries and with our extensive Allianz and partner network we help customers in more than 160 countries worldwide.

At AGCS UK we are not only impressive for our clients, but also for our employees as we offer the following generous benefits:

-Flexible buy/sell holiday options
-Bupa private medical insurance
-Generous pension contributions
-Enhanced paid maternity, paternity, shared parental leave
-Flexible working options
-Subsidized on-site massages
-25% off Allianz Insurance products
-Employee stock purchase plan for Allianz shares
-Education / study sponsorship
-Global mobility within AGCS and the wider Allianz Group

…and many more individual flexible benefits to choose from. We pride ourselves on our approach to wellbeing and provide regular seminars, activities, and events devoted towards the overall health of our employees.

We are looking for talented individuals who are passionate about what they do – come and find out why AGCS is the place for you!

Reference Code


Allianz 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 85 million private and corporate customers and more than 142,000 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.

Allianz 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.

AGCS SE is rated AA by Standard & Poor’s and A+ by A.M. Best.

More information about careers at Allianz Global Corporate Specialty can be found at
Get a mail digest of vacancies that match your profile!
Thousand of vacancies are available for you on Wizbii :)

About Allianz

Allianz est l’une des premières compagnies mondiales d’assurance, avec un chiffre d’affaires qui s’élevait à plus de 100 milliards d’euros dans le monde en 2012. Présent dans plus de 70 pays, dans lesquels il compte 144 000 collaborateurs, Allianz est spécialisé dans plusieurs métiers : l’assurance pour les particuliers, professionnels, entreprises et collectivités, et la gestion du patrimoine. En France, le groupe compte plus de 5 millions de clients et 2500 points de vente.

Allianz organise régulièrement des campagnes de recrutement pour ses alternants et stagiaires. Son objectif est également de recruter 30 % de jeunes diplômés parmi ses embauches en CDI, parmi lesquels 30 % ont effectué un stage ou une alternance au sein du groupe. Allianz propose des offres d’emploi au sein de différents métiers : l’assurance, le support, le management et pilotage, le digital, la vente et le marketing. 

One vacancy open at Allianz

Find your next job on Wizbii,
the leading professional platform for youth's employment

Job vacancies

Jobs right at your fingertips!