Intern - Underwriting & Portfolio Management (m/f/d)

Summary

The mission of the UW department is to promote the profitable growth of the RSA line of business focusing on clients/business opportunities. Reporting to the Senior Lead of UW & Portfolio Management liasing with the Markets, Operational, Sales, Finance, IT teams and Allianz Partners Business Units, you will be responsible for case underwriting and the monitoring and remediation of our RSA clients portfolio. As an intern, you are mainly responsible for monitoring the profitability of RSA contacts and calculating the requested quotes (new quotes and renewals) with accuracy, aligned with total simplicity and within the deadlines.

Key Responsibilities

• Monitor and analyse statistical data and technical results, in all dimensions to detect deviations & derive insights for trends, frequency and severity assumptions
• Analyse profitability and understand cost drivers, to prepare rehabilitation plans for unprofitable schemes/clients and follow up the implementation of corrective actions
• Produce analysis on existing schemes prior to annual reviews to support global and local sales in preparing the final offer for business partners to make sure that the prepared offer is the best possible and if necessary participating in meetings with selected clients
• Produce reports and add commentary needed for smart circle & closely working with the finance and reserving team to ensure there is an aligned understanding of reserving and cost allocation assumptions
• Support the planning dialogue (PD) & RFC process by providing the UW views on expected premiums, commissions, costs and claim trends in future periods
• Calculating the requested new quotes and renewals with accuracy, aligned with total simplicity and within the deadline, supporting profitable growth and ensuring that all group procedures and guidelines are followed
• Testing new tariffs prepared by Pricing & Actuarial team to make that they are correct and that the products calculated with their use will be beneficial for the BU/Group
• Performing other tasks (related to PUW activities) as requested by the manager