Head Of Liability, Southeast Asia

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 the Head of Liability, Southeast Asia, you are responsible in developing and executing the Liability line of business (LoB) local strategy and proactively support the development of the global LoB strategy. You will manage all local LoB portfolio to ensure the successful achievement of the global Allianz Commercial MidCorp and LargeCorp targets. You will be responsible in managing all local LoB Underwriting staff and to develop and maintain strong relationships with brokers and clients.

Key Responsibilities:

Lead and Manage Underwriting Team

• Lead and manage local team, including direct reports and matrix management of functional reports.
• Manage cost centre budget within plan.
• Work with Allianz Operating Entities (OEs) in the region to support them in achievement of their plans.

Underwriting Strategy

• Develop and execute local LoB Underwriting strategy
• Support the development of global Underwriting LoB strategy, in line with the Chief Underwriting Office.
• Support the development of cross LoB regional strategy.

Steering and Controlling

• Steer and control local line of business portfolio to drive achievement of financial targets (e.g. full combined ratio)
• Drive underwriting planning process and monitor adherence to plan, taking corrective action as necessary.
• Proactively liaising with functional areas to review performance of the end-to-end Underwriting life cycle.

Underwriting Approach and Compliance

• Ensure underwriting consistency and underwriting discipline and adherence to all corporate guidelines and authority levels, including Rules and Principles, Underwriting Authorities, corporate governance rules, and local regulatory framework.
• Referral / case Underwriting of key clients as required.    

Product Development

• Proactively support development and implementation of new and modified products.
• Proactively support development and implementation of pricing tools.
• Maintain executive contacts and accompany the Underwriting of all core or strategic accounts.

Market & Relationship Management

• Proactively support acquisition of new business and retention of existing business (including client and broker negotiations where necessary)
• Coordinate with local MMC to drive successful execution of strategic plan.
• Communicate local LoB strategy externally.
• Positively represent Allianz Commercial internally within the Allianz Group, and externally to the market.
• Proactively drive involvement of functional areas in Underwriting process, including e.g. MMC, ARC, Claims, Operations

Key Experience / Requirements / Skills:

Required Experience

• Significant experience in Underwriting management position in relevant line of business.
• Expert understanding of regional / local LoB insurance markets and competitor landscape.
• Well recognized relationship building with brokers at peer group level and well established within local market.
• Expert understanding of legal and regulatory framework.
• Significant experience in leadership and development of direct teams internationally and within complex global matrix environments.

Required Education

• Preferably Degree in Economics, Law, or other appropriate discipline.
• Completion of professional insurance qualification (e.g. CII).

Technical Skills

• Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to LoB.
• Pricing and Market Management: Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer need.
• 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 & Presentation: Ability to express ideas and messages clearly, both written and verbally.  Ability to "sell" an improvised or prepared audience winning story.
• Influencing skills: Ability to persuade and motivate others to act, without executive authority.
• Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire.
• Managing people: Ability to lead and manage a team of underwriters. Includes the ability to delegate tasks, steer team direction/goals, etc.

Languages

• Fluent in English and a local Asia language

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).

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.

Recruitment Agencies:

AzC has an in-house recruitment team, which focuses on sourcing great candidates directly. AzC 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.