Senior Underwriter - Portfolio management specialist

Reporting to the Head of Travel Underwriting for European Hub, you will be responsible for leading portfolio remediation efforts across the global travel insurance book, with an immediate focus on the United Kingdom. This role drives technical underwriting excellence through deep-dive performance analysis at both client and portfolio level, identifying root causes of deterioration and implementing corrective action to ensure rate adequacy and sustainability. The role partners closely with Pricing, Actuarial, Claims, and Distribution to execute targeted remediation strategies aligned with the Travel Line of Business strategy. Ensures all underwriting actions are technically sound, commercially relevant, and fully compliant with Allianz and AzP standards.

What You Do

• Lead and drive remediation efforts across global travel portfolios, with an initial and primary focus on the United Kingdom market.
• Conduct deep-dive analysis on individual client and portfolio performance to identify specific causes of deterioration, including rate inadequacy, rating factor drift, and shifts in risk mix.
• Collaborate closely with the Pricing team to ensure tariff and non-tariff books are performing in line with expectations; recommend and implement targeted adjustments where deviations are observed.
• Work hand-in-hand with the Portfolio Monitoring and Actuarial teams to identify underperforming segments, define remediation plans, and provide accurate performance data into central portfolio tools.
• Ensure underwriting actions are aligned with Allianz standards and AzP Underwriting Guidelines, with a strong focus on technical soundness and commercial impact.
• Support the annual planning process through robust commercial margin analysis, forecasting outcomes of remedial actions, and highlighting residual risks.
• Maintain transparency on all portfolio changes and initiatives to support reserve adequacy and proper technical provisioning.
• Represent underwriting in cross-functional remediation squads, working closely with Product, Distribution, and Claims to address root causes of underperformance and drive sustainable profitability.
• Communicate findings and proposed actions clearly to senior leadership, with focus on data-driven rationale and outcome-focused proposals.

Who You Are

• 8+ years of professional experience in insurance data analysis, pricing, or performance monitoring.
• Degree in Actuarial Science, Statistics, Econometrics, Mathematics, Computer Science, Data Analytics, or related field.
• Being Qualified actuary (e.g., FIA, FSA, or equivalent) or Chartered Professional Accountant (CPA or equivalent) represents an advantage.
• Strong hands-on experience with MS SQL (or equivalent database technologies).
• Experience using insurance performance monitoring tools.
• Proven expertise in data analytics and reporting tools, especially Power BI.
• Advanced MS Excel skills and strong overall MS Office proficiency.
• Experience in insurance pricing tools (e.g. Radar) represents an advantage.
• Fluent English, both written and spoken.

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

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 matter, 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.

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