Junior Underwriter Property (m/f/d)

 

Let’s care for tomorrow. 

Your ambitions.  Your dreams.  Your tomorrow 

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

 

Allianz Commercial specializes in corporate property insurance for the most complex and challenging risk exposures in more than 200 countries and territories. With a focus on larger international risk portfolios, we offer tailor-made 'All Risks' property damage and business interruption insurance through our global network.  

 
Our experience speaks for itself, insuring the majority of Global Fortune 500 companies, managing over 1000 global property insurance programs, and fielding an underwriting team averaging over 20 years’ experience, backed up a worldwide team of risk consultants and claims specialists.  

 

We are looking for a Junior Underwriter Property (m/f/d), based in Cologne. 

 

The Impact You Will Have 

As part of our Property Underwriting team, you will be responsible for supporting and underwriting profitable new and renewal business to meet targets regionally, including global elements. Your responsibilities will also include negotiating participation, pricing and terms & conditions; supporting the acquisition of new business and retaining existing business. You will work closely with clients and brokers to develop personalized solutions, as well as maintaining existing and developing new relationships. 

 

Some of your specific responsibilities could include: 

• Underwrite profitable business to meet overall performance targets. 

• Structure customized solutions in line with the team's underwriting guidelines and underwriting policy for clients and brokers. 

• Negotiate participation, pricing, and terms with brokers to ensure competitive and profitable outcomes. 

• Ensure contract certainty is achieved at inception for all accounts. 

• Utilize global pricing tools to maintain consistency and accuracy in underwriting. 

• Proactively manage capacity to support business growth while mitigating risks. 

• Ensure underwriting compliance with governance frameworks, including authorities, guidelines, and rules.  

• Build and maintain strong relationships with brokers, clients, and key stakeholders while acquisition of new business. 

 

What You’ll Bring to the Role 

• Ideally, initial experience in underwriting, operations, or claims – for example, through internships, working student positions, a dual study program, or vocational training. 

• Basic understanding of the local insurance market and competitor landscape. 

• Approachable, at ease creating and maintaining relationships both inside the company and with brokers. 

• Excellent interpersonal and communication skills paired with business acumen.  

• Strong analytical skills for absorbing and examining data in detail, drawing appropriate conclusions. 

• Pro-active and positive attitude to team work, able to assist others and also take on your own responsibilities. 

• Ability to work in a complex, global matrix organization. 

• A willingness to learn and explore how AI can enhance your role and the broader organization is expected. 

• Fluent German and English language skills. 

 

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 center of expertise of Allianz Group, insuring mid-sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family-owned and medium-enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.

 

Learn more about careers at Allianz Commercial by clicking here.

 

Learn more about Allianz Commercial by clicking here.

 

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust. 

 

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations. 

 

Join us. Let's care for tomorrow. 

 

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.  Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.

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