Underwriting Apprentice
Job Description
Job title: Underwriting Apprentice
Company: Allianz
Job description: 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 6 Underwriting Apprentices to join our London-based Underwriting teams.
The Opportunity
Our Apprenticeship Program is the perfect opportunity to start your career with a global company in the dynamic and thriving insurance industry.
Starting in September 2024, our Underwriting Apprentice program will give you the opportunity to develop a range of skills while spending two years working in one of our Underwriting teams. In addition to on-the-job development, you’ll spend 20% of your time participating in a Level 4 Insurance Specialist apprenticeship which will enable you to apply for your Diploma in Insurance from the Chartered Insurance Institute. This is an ideal opportunity for anyone looking to embark on a career as an Underwriter and will provide you with the knowledge, skills and behaviors for success.
Your Team
Our Underwriting teams work with companies worldwide to create insurance solutions designed for specific industries and business challenges, supporting customers as diverse as the world’s largest consumer brands, tech companies and the global aviation and shipping industry, but also floating wind parks, private pilots or Hollywood film actors.
You will be working within one of our experienced teams such as Aviation, Cyber, Property, Construction, Liability and Natural Resources who will help you to learn and grow. You will assist the underwriting of risks from receipt to submission binding and be welcomed into an inclusive and supportive environment where you can thrive and bring your unique perspectives and ideas to the table.
Some of your specific responsibilities could include:
- Support underwriting of new and renewal accounts, performing pre-underwriting activities such as sanction checks and collating claims data
- Chase brokers for additional / outstanding underwriting information
- Model risks using our pricing tools,
- Attend meetings with brokers and clients alongside the underwriting team.
- Handle document management and update systems for the team
- Liaise with other functions including Operations, Credit Control and Claims
- Develop and maintain peer relationships with brokers, clients and other Underwriting teams
Eligibility
- This position is designed for, and ideally suited to, school leavers holding 3 A-levels (or equivalent). Those with a higher level of qualification, such as a bachelors degree, are advised to apply to one of our other early careers programs or direct entry roles: Allianz Careers
- You must have achieved Level 2 in English and Maths (equivalent to GCSE grade 9-4/ A*-C)
- To comply with the apprenticeship eligibility rules, at the start of the apprenticeship, you must be aged 18 or over, living in England, not in full-time education and have the right to work in the UK
What You’ll Bring to the Role
- Interest in a career in insurance
- 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 team work, able to assist others and also take on your own 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:
- The role is fixed term for 24 months, but we expect well-performing candidates to be converted into a permanent role before the end of this term.
- We offer a generous study package with approximately 1 day a week dedicated to study.
- This apprenticeship will commence in September 2024.
- 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.
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.
42232 | Underwriting | Apprenticeship / Dual Studies | Allianz Commercial | Full-Time | Temporary
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.
Learn more about early careers at Allianz Commercial by clicking .
Learn more about Allianz Commercial by clicking .
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.
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 .
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.
