Risk Selection Analyst

Home Risk Selection Analyst

Role Description

We are looking for a Risk Selection Analyst to join a newly created Home Risk Selection team within the Retail Portfolio Pricing and Underwriting team. This is a hybrid role and can be worked from one of our offices in London, Birmingham, Leeds or Bournemouth.

We’re excited to bring together the disciplines of pricing and portfolio underwriting into one Retail Portfolio Pricing and Underwriting team. We believe that to be the best in the business, it’s critical to blend these skills together. The team will be responsible for direct home and travel products under the Allianz brands. The team will be multi-skilled in pricing, underwriting and data analytics.

You ll participate in the Global P&C Academy accreditation, enhancing your skills in underwriting, risk engineering, pricing, and claims management while exchanging best practices across the Allianz Group. Furthermore, for pricing-based roles, Allianz Insurance offers a generous study package to enable the actuarial qualification to be obtained through the Institute and Faculty of Actuaries in the UK.

Our team values continuous learning, you can enjoy free access to top training platforms like Data Camp, Databricks Academy, and Linked In Learning. Additionally, we host Lunch and Learn sessions on key business topics hosted by experts across the team and monthly insight sessions, including the Data Science Forum and analyst forum, to refine your technical skills.

Salary Information

Pay:
Circa £35,000 per year.

Pay is based on relevant experience, skills for the role, and location. Salary is only one part of our total reward package.

About You

In this role you will:

• Support the Management of the underwriting rules/footprint for home and travel products.
• Analyse opportunities to expand or contract the underwriting footprint.
• Monitor quotability and report on KRIs relating to footprint.
• Create proposals to change underwriting rules.
• Implement changes to the underwriting rules within Radar Live.
• Identify opportunities to adjust the claims cost prediction models where they are less credible.
• Performing actual versus expected claims monitoring process to detect segments where emerging claims information is significantly different from expectation.
• Carrying out “deep dives” into certain niches and recommending changes to the technical cost models based on your analysis and insight.
• Support the development of underwriting capability on home products.

Essential Skills

We don t expect you to know everything from day one, but the following will enable you to hit the ground running:

• True expert and an advocate for change and innovation.
• Demonstrate the Retail Risk Selection team’s value to the business.
• Can use judgement to assess underwriting risks in new or unusual segments.
• Sound commercial proposals.
• Keeps track of the competition.
• Invested in data analytics and statistics.

Expert in at least one of:

• Underwriting guides and rules, product structures and coverage.
• Pricing.
• Data analytics and statistics.

What We Will Offer You

Recognised and rewarded for a job well done, we have a range of flexible benefits for you to choose from- so you can pick a package that’s perfect for you. We also offer flexible working options, global career opportunities across the wider Allianz Group, and fantastic career development and training. That’s on top of enjoying all the benefits you’d expect from the world’s number one insurance brand, including:

• Flexible buy/sell holiday options
• Hybrid working
• Annual performance related bonus
• Contributory pension scheme
• Development days
• A discount up to 50% on a range of insurance products including car, home and pet
• Retail discounts
• Volunteering days

Our Ways of Working

Do you need flexibility with the hours you work? Let us know as part of your application and if it’s right for our customers, our business and for you, then we’ll do everything we can to make it happen. Here at Allianz, we are signatories of the ABIs flexible working charter. We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements.

Our aim with this is to help…