Underwriter, Entertainment

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

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

Job Purpose/Role:

In your role as Underwriter, you will support the Regional Lead Underwriter Entertainment in building up a profitable and sustainable Entertainment portfolio in the Region. You will underwrite profitable new and renewal business of the Entertainment Line of Business in Asia, offering Film/TV/Commercials and Live Entertainment (Contingency, event liability & property). You will be responsible for the negotiation of participation, pricing, terms and conditions. In addition to that, you will develop and maintain strong relationships with brokers and clients. Furthermore, you will support the global Entertainment Chief Underwriting Office (CUO) with regional and global expansion and product development activities.

Key Responsibilities:

Underwrite Profitable Business

Underwrite Film/TV/Commercials, Live and Contingency new and renewal risks to meet top and bottom-line targets (local and/or regional). Ownership of certain accounts / clients. Ensure and understand accumulation control / modelling, catastrophe modelling and interpretation of scenarios if applicable. Negotiate participation, pricing and terms and conditions with brokers.

Underwriting Approach and Compliance

Support development of wordings / guidelines for international expansion. Underwrite with governance framework (Underwriting Authorities, Underwriting Guidelines, Rules, 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.

Policy Documentation and Administration

Ensure accurate policy documentation issued to broker. File maintenance – ensure file is established and maintained for each risk and transaction handled. Proactively support completion of policy administration and credit control processes.

Market Management

Proactively support acquisition of new business and retention of existing business.

Relationship Management

Positively represent AGCS externally to the market. Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders.

Support Underwriting Strategy & Leadership

Support development and execution of Entertainment regional and global Underwriting strategy.

Key Experience / Requirements / Skills:

Required Experience

Proven track record in Underwriting profitable business in this line of business (LoB). Understanding of LoB products and portfolio. Demonstrable, established relationships with brokers at peer group level. Good understanding of regional / local LoB insurance markets and competitor landscape. Understanding of legal and regulatory framework. Experience working in complex, global matrix organization.

Required Education

Preferably a degree in Economics, Law, or other appropriate discipline. Progress towards professional insurance qualification CII).

Technical Skills

Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to LoB. 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.

General Skills

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 analyse, study or examine data in detail, and draw appropriate conclusions.

Languages

Fluent in English and a local Asia language

What’s in it for you?

Let’s care about everything that makes you, you

Let’s care for your financial wellbeing

We believe in rewarding performance with a great compensation and benefits package (details vary by location).

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 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 (AzC) is a global corporate insurance carrier and part of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across 10 dedicated lines of business. 

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 company culture.

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