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Allianz launches Excellence in Technical to develop underwriter of the future

Press release   •   Sep 02, 2019 09:27 BST

Allianz Insurance has revitalised its award winning underwriting academy by launching Excellence in Technical. Reflecting the latest advances in technology and supporting the development of the underwriter of the future, new faculties include data, pricing and portfolio management.

Key highlights include specialist online and external training alongside on the job support and a greater range of learning styles reflected in types of training available. Modules have been refreshed and new areas of expertise have been introduced to the programme.

The new data management faculty is split into seven areas of specialism so that the learning journey can be tailored to suit each individual role within that part of the business.

Allianz’s underwriting academy began in 2001 and Excellence in Technical evolves from this, and will continue to develop and grow as technology in insurance and the importance of data increases.

Neil Clutterbuck chief underwriting officer, Allianz Insurance, commented: “In a highly competitive and fast moving market it’s crucial that we continually increase our technical trading capabilities. We need great underwriters but in addition we also need highly developed data and pricing skills to fully exploit the wealth of data we have using the latest technologies and ways of working available to us.

“This is a fantastic opportunity for our employees as we’ve created bespoke learning journeys for each role. It’s about creating meaningful skill sets that serve the business and the individual in an increasingly digital world. Excellence in Technical demonstrates our ongoing commitment to learning and development ensuring that our people are equipped to respond to the evolving world.”

ENDS

The information contained in this press release relates to Allianz Insurance plc. Allianz Insurance plc is one of the largest general insurers in the UK and part of the Allianz Group.

The Allianz Group is one of the world's leading insurers and asset managers with more than 92 million retail and corporate customers. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 673 billion euros on behalf of its insurance customers. Furthermore our asset managers PIMCO and Allianz Global Investors manage more than 1.4 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index. In 2018, over 142,000 employees in more than 80 countries achieved total revenues of 131 billion euros and an operating profit of 11.5 billion euros for the group.

These assessments are, as always, subject to the disclaimer provided below.

Cautionary note regarding forward-looking statements

This document includes forward-looking statements, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements. Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz Group's core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates, most notably the EUR/USD exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions including and related integration issues and reorganization measures, and (xi) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.

No duty to update

The Allianz Group assumes no obligation to update any information or forward-looking statement contained herein, save for any information we are required to disclose by law.

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