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Group Underwriter

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Allianz

11d ago

  • Job
    Full-time
    Senior Level
  • Data
    Banking & Finance
  • Dubai

AI generated summary

  • You need a finance degree, 5+ years in data analysis and client management (insurance a plus), strong communication and presentation skills, and fluency in MS Office. Arabic is a plus.
  • You will analyze data to assess risks, determine premiums, collaborate on product development, ensure regulatory compliance, and monitor profitability to manage portfolios effectively.

Requirements

  • Bachelor’s Degree; any financial background is required. Certificate in Actuarial Science is a plus.
  • At least 5 years of work experience in data analysis, pricing and client management; Insurance industry is a plus.
  • Proven extensive experience in creating and delivering professional and effective presentation and report-writing skills.
  • Excellent English communication skills is a key for this role. Arabic skill is a plus.
  • Presentation skills
  • Ability to motivate others
  • Legally permitted to work in the country of operations.
  • Fluency in MS Office (Excel, Word, Outlook, PowerPoint) and general internet navigation and research skills.
  • Physically fit to carry out duties

Responsibilities

  • Analyzes statistical data to determine probability of risks or financial impact.
  • Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
  • Collaborates with programmers, underwriters, accounts, claims experts, and senior management to help insurance companies develop plans for new health line of business or improving existing health business.
  • Designs, reviews, and helps administer insurance policies, determining financial soundness and calculating premiums.
  • Determines policy contract provisions for health insurance.
  • Develops systems to ensure compliance with the requirements of regulatory bodies.
  • Assists in the development of new health products.
  • Assures continuous technical profitability to risk carriers (insurance & reinsurance companies).
  • Provides continuous and effective visibility to risk carriers on their portfolio status.
  • Conducts pricing review, analysis and development.
  • Provides early warnings and issue recommendations on corrective measures.
  • Assures high retention of clients.
  • Constructs probability tables based on statistical data analysis and other pertinent information.
  • Provides expertise to management, manage risks and maximize returns.
  • Measures, monitors, and mitigates portfolio and enterprise risks.
  • Oversees asset and liability modeling, product development, and profit testing.

FAQs

What is the job title for this position?

The job title is Group Underwriter.

What kind of organization is Allianz Group?

Allianz Group is one of the most trusted insurance and asset management companies in the world.

What are the primary responsibilities of the Group Underwriter?

The primary responsibilities include analyzing statistical data to determine risks, collaborating with various stakeholders, designing insurance policies, ensuring compliance with regulatory requirements, and providing expertise in managing risks.

What qualifications are required for this position?

A Bachelor's Degree with a financial background is required, and a Certificate in Actuarial Science is a plus.

How much work experience is needed for this role?

At least 5 years of work experience in data analysis, pricing, and client management is preferred.

Are presentation skills important for this job?

Yes, the role requires proven extensive experience in creating and delivering professional presentations and report-writing.

Is fluency in languages other than English required?

Excellent English communication skills are essential, and Arabic language skills are a plus.

What software skills are necessary for this position?

Fluency in MS Office (Excel, Word, Outlook, PowerPoint) and general internet navigation and research skills are required.

What type of work environment can employees expect?

Employees can expect a hybrid working environment with opportunities for personal and professional development.

Does Allianz Partners support diversity and inclusion?

Yes, Allianz Partners believes in a diverse and inclusive workforce and encourages applications from individuals of all backgrounds.

What benefits do employees receive at Allianz Partners?

Employees receive various development programs, work-life balance support, and a focus on health and wellbeing.

Do we have opportunities for career progression?

Yes, the organization encourages international mobility and career progression for its employees.

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Allianz

Our purpose: We secure your future. Our promise is to give confidence in tomorrow.

Finance
Industry
10,001+
Employees
1890
Founded Year

Mission & Purpose

The Allianz Group is one of the world's leading insurers and asset managers with more than 100 million private and corporate customers in more than 70 countries. We are proud to be the Worldwide Insurance Partner of the Olympic & Paralympic Movements from 2021 until 2028 and to be recognized as one of the industry leaders in the Dow Jones Sustainability Index. Caring for our employees, their ambitions, dreams and challenges is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us. Join us and together, let’s care for tomorrow.