Risk Selection Analyst

Description:

Allianz Commercial, a leading global insurance and financial services provider, is seeking a talented and analytical Motor Risk Selection Analyst to join its newly created Motor Risk Selection Team within the Retail Portfolio Pricing and Underwriting division.

This role combines analytical, underwriting, and pricing expertise to enhance the accuracy and profitability of retail motor and road rescue products under the Allianz brands. You will play a key part in shaping risk selection strategies and ensuring continuous improvement through data-driven insights.

As part of a forward-thinking and inclusive organisation, you will work in a hybrid environment, collaborating with a team of multi-skilled professionals who value innovation, inclusion, and continuous learning.

Key Responsibilities

• Manage and optimise underwriting rules and footprint for retail motor and road rescue products.

• Analyse opportunities to expand or contract risk appetite, ensuring sound commercial decisions.

• Monitor key risk indicators (KRIs) and quotability performance across products.

• Develop and present proposals to modify underwriting guidelines.

• Implement rule changes within Radar Live and ensure consistent application across systems.

• Identify and adjust areas where claims cost prediction models show variance or reduced accuracy.

• Conduct actual vs. expected claims monitoring, using statistical insights to refine model performance.

• Lead deep-dive analyses into specific product segments, identifying opportunities to optimise pricing and risk control.

• Support the development and improvement of underwriting capabilities on retail motor products.

Required Skills & Attributes

• Strong analytical and problem-solving skills, with the ability to make data-driven recommendations.

• Knowledge of underwriting, pricing, or risk assessment frameworks.

• A forward-thinking, innovative mindset with a passion for improving systems and processes.

• Ability to interpret statistical outputs and communicate insights effectively to business teams.

• Commercial awareness and understanding of competitive market dynamics.

• Proficiency in data analytics tools and statistical methods.

Preferred Expertise

• Experience with underwriting guides, risk models, or actuarial pricing structures.

• Familiarity with Radar Live or similar pricing/underwriting systems.

• Background in motor insurance, portfolio pricing, or risk management.

• Actuarial study progress or interest in pursuing professional actuarial qualifications.

What Allianz Offers

Allianz provides a comprehensive rewards and development package that supports your personal and professional growth, including:

• Annual salary: Circa £35,000 per year (based on experience and location).

• Hybrid working model with flexible working hours.

• Annual performance-based bonus.

• 25 days annual leave with flexible buy/sell options.

• Generous contributory pension scheme.

• Training and accreditation through the Global P&C Academy (covering underwriting, risk, pricing, and claims).

• Study support for actuarial qualifications via the Institute and Faculty of Actuaries (UK).

• Access to professional learning platforms like DataCamp, LinkedIn Learning, and Databricks Academy.

• 50% staff discounts on Allianz insurance products (car, home, pet).

• Volunteering days, retail discounts, and wellbeing initiatives.

• Global career opportunities within the Allianz Group, the world’s number one insurance brand.

Diversity, Equity & Inclusion

Allianz is deeply committed to fostering an inclusive workplace culture built on integrity, fairness, inclusion, and trust. As a proud member of myGwork – the global LGBTQ+ business community, Allianz welcomes applications from candidates of all backgrounds, identities, and abilities.

The company is certified and accredited by organisations including:

• EDGE (Gender Inclusion)

• Disability Confident Employer

• Women in Finance Charter

• Stonewall Diversity Champion

• Race at Work Charter Signatory

• Armed Forces Covenant Gold Standard Employer

Allianz actively supports neurodiverse and disabled applicants, offering reasonable adjustments, assistive technology, and flexible work arrangements as needed.