Underwriting Graduate (Allianz Commercial Graduate Program) London 2024

Let’s care for tomorrow.

Your ambitions. Your dreams. Your tomorrow.

Whether it’s aircraft, international business, offshore wind parks or Hollywood film productions, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.

We are looking for an Underwriting Graduate to join our Allianz Commercial Graduate Program, based in London.

The opportunity

Commencing in September 2024, this is your chance to kick-start your career in the dynamic and thriving insurance industry and begin an exciting journey with Allianz Commercial.

We are on the lookout for enterprising individuals eager to learn, grow, and make a real impact on our organization. In return, during your first year with us, you can expect extensive training alongside meaningful on-the-job learning opportunities.

Your team

The Chief Underwriting Office team works globally supporting and driving business strategy in collaboration with local teams. Collectively they manage 10 different insurance products, referred to as lines of business, ensuring our risk and exposure levels are maintained at a profitable level. This means working with local teams, external partners in the market, and most importantly our clients.

Each product team is responsible for ensuring we deliver strong results, whilst also understanding the context of the bigger picture, e.g. ESG commitments, industry change and the latest innovation internally and externally.

As a graduate, you'll closely collaborate with key stakeholders, including our Chief Underwriting Officer, gaining exposure to strategy-setting, authority adherence, and cultivating the global underwriting culture. You’ll have the opportunity to work directly with teams from around the world, maintaining core operating principles whilst discovering innovative solutions to emerging risks and underdeveloped market opportunities.

Day-to-day activities will range from carrying out market and portfolio analysis, through to supporting innovation efforts and global engagement activities. You will gain a detailed understanding of underwriting and insurance, gaining insights into the role of an Underwriter as well as a view on how portfolios are managed and steered through the cycle.

This is a unique chance to gain an insight into how one of the world’s biggest insurance companies manages its business.

What you’ll bring to the role

• Completion of a bachelor's university degree by October 2024.
• Adaptability and Flexibility- Able to adapt and work effectively in different situations and remain calm under pressure.
• Communication- Excellent communication and interpersonal skills.
• Teamwork- Have a pro-active and positive attitude to teamwork, able to assist others and also take on your responsibilities.
• Learning Mindset/ Ambition- A curious and creative mindset, willingness to learn, and enthusiasm to own and drive your personal development.
• Analytical Thinking- Ability to effectively absorb information from various sources, then analyze, study, or examine data in detail, draw appropriate conclusions, and present solutions to others.
• Good computer skills, including MS/Excel, Word, and PowerPoint.
• Fluent English language skills.

Further information

• Duration: This is a permanent opportunity. After extensive training during the first 12 months of our Graduate Programme, you will continue to work within the team and benefit from the lifelong learning opportunities that Allianz Commercial offers.
• Working Hours: Full-time.
• Start Date: September 2024.
• Recruitment Timeline: Assessments will take place throughout Spring 2024.
• To express your interest in this thrilling opportunity, simply upload your updated CV and carefully answer the mandatory questions in the application form.
• We anticipate applications being accepted until 14th April 2024 but reserve the right to close earlier if application numbers are high. We strongly encourage you to submit your application as soon as possible.
• Kindly note that due to the high volume of received resumes, our response time may vary. We assure you that we will make every effort to provide timely updates on your application status, although the process may take some time. Your patience and understanding are greatly appreciated. We look forward to the possibility of working together at Allianz Commercial.

Additional information

Allianz Commercial 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.

What’s 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 (details vary by location), including a generous bonus scheme and pension.

Let’s care for your opportunities to progress

From career development and digital learning programs 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 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.