Regional Head of Financial Lines & Cyber, Asia

Job description

Let’s care for tomorrow.
Your ambitions. Your dreams. Your tomorrow

At Allianz Commercial (AZC), we are the global leader for insuring corporate and specialty risks in the Allianz Group. Whether it’s aircraft, satellites, the world’s biggest ships and tallest building, cyber-attacks, or climate change impacts, AZC has the major risks covered when it comes to protecting businesses.

 

Job Purpose:

The primary purpose of this role is to lead the Financial Lines and Cyber team to develop and execute the line of business (LoB) strategy and responsible for the growth of the regional portfolio for the Asia region. This role is also required to proactively support and contribute to the development of the global LoB strategy.
 

Key Responsibilities:

Lead and Manage Underwriting Teams

·  Lead and manage regional team, including direct reports and matrix management of functional reports.
·  Manage cost center budget within plan.

 

Underwriting Strategy

·  Develop and execute local and regional Underwriting strategy for line of business.
·  Support the development of global Underwriting LoB strategy, in line with Allianz Commercial Chief Underwriting Office.
·  Support the development of cross LoB regional strategy, in line with the region and markets.

 

Steering and Controlling

·  Steer and control regional line of business portfolio to drive achievement of financial targets (e.g. full combined ratio).
·  Drive underwriting planning process and monitor adherence to plan, taking corrective action as necessary.
·  Proactively liaising with functional areas to review performance of end-to-end Underwriting life cycle.

 

Underwriting Approach and Compliance

·  Ensure underwriting consistency and underwriting discipline and adherence to all corporate guidelines and authority levels, including Rules and Principles, Underwriting Authorities, corporate governance rules, and local regulatory framework.
·  Referral / case Underwriting of key clients as required.

 

Product Development

·  Proactively support development and implementation of new and modified products
·  Proactively support development and implementation of pricing tools.

 

Market & Relationship Management

·  Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary)
·  Coordinate with local Distribution team to drive successful execution of strategic plan. 
·  Communicate regional LoB strategy externally.
·  Maintain executive contacts and accompany the Underwriting of all core or strategic accounts 
·  Positively represent Allianz Commercial internally within the Allianz Group, and externally to the market.
·  Proactively drive involvement of functional areas in Underwriting process, including e.g. Distribution, Risk Consulting, Claims and Operations.

 

Key Experience / Requirements / Skills:

·  Significant experience in Underwriting management position in relevant line of business.
·  Expert understanding of regional / local LoB insurance markets and competitor landscape.
·  Well recognized relationship building with brokers at peer group level and well established within local market.
·  Expert understanding of legal and regulatory framework.
·  Significant experience in leadership and development of direct teams internationally and within complex global matrix environments.   

 

Technical Skills

·  Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to LoB.
·  Pricing and Market management: Analyze 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.

 

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.
·  Influencing skills: Ability to persuade and motivate others to act, without executive authority.
·  Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire.
·  Managing people: Ability to lead and manage a team of underwriters. Includes the ability to delegate tasks, steer team direction/goals, etc.

 

Required Education

·  Degree in Economics, Law, or other appropriate discipline.
·  Completion of professional insurance qualification (e.g. CII).

 

Language

·  Fluency in written and spoken English is mandatory; proficiency in other Asian languages a plus.

 

55841 | Underwriting | Management | Allianz Commercial | Full-Time | Permanent

 

What is 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.

 

Let’s care for your opportunities to progress
From career development and digital learning programmes 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 help people returning 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 Allianz Group brand serving the world’s largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations’ economies. We bring together the corporate multinational business of Allianz Global Corporate & Specialty and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling. As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2022 generated more than €19 billion gross premium. 

 

Learn more about Early careers at Allianz Commercial by clicking here
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.