Graduate Underwriting Natural Resources - Allianz Commercial Graduate Program 2025

Let’s care for tomorrow. 

Your ambitions.  Your dreams.  Your tomorrow 

Whether it’s aircraft, international business, offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.   

We are looking for a Graduate Underwriting Natural Resources to join our Allianz Commercial Graduate Program, based in Munich. 

Our Opportunity: 

Commencing in September 2025, this is your chance to kick-start your career in the insurance industry and begin an exciting journey with Allianz Commercial.  

We are on the lookout for dynamic individuals eager to learn, grow, and make a real impact to our organization. In return, during your first year with us, you can expect extensive training alongside meaningful on the job learning opportunities. 

Your Team: 

Our team is committed to insuring some of the world’s most exciting and impactful projects! We focus on major investments like wind and solar construction projects and the operation of power plants, including renewable energy projects. Our team specializes in areas like power, renewable energies, and automotive, as well as many other industries. By providing tailored insurance solutions, we help protect these large-scale investments and ensure their success. Working with diverse industries and innovative technologies, our team is at the forefront of supporting the transition to a more sustainable and energy-efficient future. If you're passionate about cutting-edge industries and want to make a real-world impact, this is the team for you! 

Your responsibilities: 

• You will support underwriting for new and renewal accounts, performing tasks like sanction checks and gathering claims data to assist the team in making informed decisions. 
• You will chase brokers for any additional or missing underwriting information, ensuring everything is in place for the underwriting process. 
• You will model risks using our pricing tools, helping assess and calculate potential risks associated with the accounts we insure. 
• You will attend meetings with brokers and clients alongside the underwriting team, gaining valuable exposure to client interactions and negotiations. 
• You will handle document management and update systems for the team, ensuring all files and information are accurate and organized. 
• You will liaise with other functions such as Operations, Credit Control, and Claims, ensuring smooth communication and collaboration across teams. 
• You will develop and maintain peer relationships with brokers, clients, and other underwriting teams, building strong professional networks. 
• You will participate in technical training sessions, continuously improving your knowledge and skills in underwriting and risk management. 

What You’ll Bring to the Role 

• Completion of a bachelor's university degree by September 2025 in a relevant field of Study. 
• Adaptability and Flexibility- Able to adapt and work effectively in different situations and remain calm under pressure 
• Communication- Excellent communication and interpersonal skills 
• Teamwork- Have a pro-active and positive attitude to teamwork, able to assist others and also take on your own responsibilities 
• Learning Mindset/ Ambition- A curious and creative mindset, willingness to learn and enthusiasm to own and drive your personal development. 
• Analytical Thinking- Ability to effectively absorb information from various sources, then analyze, study or examine data in detail, draw appropriate conclusions and present solutions to others. 
• Good computer skills, including MS/Excel, Word, and PowerPoint.  
• Fluent in English. 

Further Information: 

• Duration:  This is a permanent opportunity. After extensive training during the first 12 months on our Graduate Programme you will continue to work within the team and benefit from the lifelong learning opportunities that Allianz Commercial offers. 
• Working Hours: Full-time 
• Starting Date: September 2025 
• Recruitment Process: The assessment and selection process will vary depending on the opportunity you have applied for but if you are selected for progression, you should typically expect up to 2 interviews. For our graduate and apprentice opportunities in Europe, you will additionally be asked to undertake online assessments and to participate in an assessment centre. Full details of what to expect and how to succeed will be provided by your Talent Acquisition Partner. 
• Recruitment Timeline: Assessments will take place throughout February and March 2025. 
• To express your interest in this thrilling opportunity, simply upload your updated CV and carefully answer the mandatory questions in the application form. 
• Kindly note that due to the high volume of received resumes, our response time may vary. We assure you that we will make every effort to provide timely feedback, although the process may take some time. Your patience and understanding are greatly appreciated. We look forward to the possibility of working together at Allianz Commercial. 

64396 | Underwriting | Entry Level | Allianz Commercial | Full-Time | Permanent

What’s in it for you? 

Let’s care about everything that makes you, you 

We are committed to nurturing an inclusive environment where everyone feels they belong.  We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working.  Please feel free to discuss flexible working arrangements with us. 

Let’s care for your financial wellbeing 

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension. 

Let’s care for your opportunities to progress 

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery, and empowerment are fostered. 

Let’s care for life’s twists and turns 

From our support for flexible working, health, and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.  

Let’s care for our society and our planet 

With opportunities to be engaged in shaping a future that is safe, inclusive, and sustainable, we care for the tomorrows of our people, our industry, and our clients. 

Care to join us? 

Allianz Commercial is the Allianz Group brand serving the world’s largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations’ economies. We bring together the corporate multinational business of Allianz Global Corporate & Specialty and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling.   

As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2022 generated more than 19 billion gross premium.  

Learn more about Early careers at Allianz Commercial by clicking here

Learn more about careers at Allianz Commercial by clicking here. 

Learn more about Allianz Commercial by clicking here. 

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic. Diversity of thinking is an important part of our culture. 

People with disabilities: 
We want to give all our candidates the best opportunity to succeed.  If you need any adjustments to be made during the application and selection process, please email agcsglobalcareers@allianz.com

Recruitment Agencies:  
Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly.  Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters.  Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired.  When we do use agencies, we have a PSL in place, so please do not contact managers directly. 

#LI-NG1  

#LI-Hybrid