Product Development Expert - Construction Property - North America

Allianz Insurance•New York, NY

9d•Hybrid

About The Position

We are looking for Product Development Expert – Construction Property – North America, based in New York, Chicago, Alpharetta, Houston or Toronto. Your Team The Chief Technical Office is responsible for working with technical functions including Pricing, Product Management, Underwriting Integrity, Reinsurance, Portfolio and Accumulation Steering including Catastrophe Management, and Risk Consulting to ensure we are building Technical Excellence across our North America region, and in alignment with the overall global approach. The Impact You Will Have Reporting to the Chief Technical Officer, North America, the Product Development Expert – Construction Property – North America will be responsible for supporting the efforts and execution of the Product Development strategy for the North American Constructions Property practice as led by the Managing Director, Technical Underwriter, NA in collaboration with Hub Lead Construction, NA and as supported by the Global Line of Business (LoB) Head and Global Product Development. You will support the efforts to strategically drive the innovation and execution of refreshed or new product offerings as well as customized wording for specific accounts. You will work collaboratively with Underwriting, Claims and Legal teams to create and define a market leading presence for product innovation in the Construction sector. Additionally, you will liaise with a panel of value-added service providers for Allianz Construction policyholders and support consideration and selection of new service providers or service offerings.

Requirements

A minimum of 5 years of experience in Construction Property Underwriting;
A minimum of 5 years of product development experience;
Previous experience designing, developing and implementing consistent, robust contract wordings;
Comprehensive technical knowledge of Construction Property products, coverages, underwriting practices, pricing processes and sales distribution channels;
Ability to assess risk exposures and hazards relevant to Construction, as well as analyze Construction trends and scenario plans;
Ability to analyze current performance against various benchmarks with a view to ensure adequate progress and satisfactory performance in product wordings, including specific terms and conditions;
Experience working with international teams and remote colleagues;
Ability to analyze highly complex contracts and underwriting principles, identifying and resolving issues before they transpire;
Ability to develop framework for product genesis to completion, all while communicating with key stakeholders;
Excellent verbal and written communications skills with an ability to communicate with a variety of people across the organization;
Ability to utilize AI tools to support day-to-day tasks, improve efficiency and contribute to data-driven decision making;
Bachelor’s Degree.

Responsibilities

Developing, implementing, and modifying products (Line of Business specific or cross-line), standard wordings and coordinate product-specific organizational matters of LoB with PCs, Regions etc., ensuring global knowledge sharing with regard to special products/enhancements and specific underwriting knowledge for LoB products.
Supporting the Construction LoB internally and externally to customers, brokers, service providers, the industry, and other organizations.
Proactively involve functional areas including other LoB teams, Claims, Legal and Distribution.
Actively supporting LoB specific projects and task forces.
Providing support for special products.
Identifying litigation trends, coverage trends and market developments, including market potentials and clients.
Monitoring new (legal) developments, coordinating and steering regional/country issues (e.g., liability and insurance law development).

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