Assistant Underwriting Manager, Financial Lines

Intermediate (3-6 years)


Technical Skills

  • Accountancy
  • Business Development
  • Negotiation
  • New Business Development
  • Sales
  • Underwriting
  • underwriting support

Job Description

Assistant Underwriting Manager, Financial Lines

Location: Hong Kong

Our opportunity


Being part of the team, you will apply your professional knowledge and expertise to support Management Liability Practice Leader and Head of Specialty on portfolio performance of the Commercial Insurance Division for Management Liability segments. If you are interested in working in a dynamic, challenging environment, for a company that recognizes and rewards your creativity, initiative and contributions, just simply click "Apply online"


Your role
As an Assistant Manager, your main responsibilities will involve:
  • Develop and maintain strong relationships with brokers and other distributors in support of business retention and acquisition.  Work with customers and distributors to determine their insurance related needs and provide solutions
  • Assist in formulating and executing underwriting plans for D&O, Crime and Financial Institution risks, as well as sales and service strategy for these product lines
  • Underwrite and analyze new and renewal business of Commercial Insurance Division utilizing The Zurich Way of Underwriting (TZW) framework, within delegated authority levels
  • Responsible for Business Development and market facing activities with key distribution partners, including International and local brokers and agency channels
  • Apply TZW of Underwriting elements for new business & renewals; handling assigned accounts and works within delegated authorities
  • Measure exposure and analyze risk; determine the technical price according to agreed pricing process; quote and set coverage; negotiate terms & conditions
  • Contribute to development and execution of Zurich’s strategy; build relationships in support of customer/ business acquisition and retention (e.g. by handling a range of queries, providing advice to assist with the development of an account; Implementing agreed technical standards, controls, practices and procedures, thereby maintaining underwriting discipline
  • Timely update and use of RCT to proactively manage and improve the pipeline
  • Contribute ideas and work for the development of new or enhanced propositions based on technical, customer and distributor insights


Your Skills and Experience
As an Assistant Manager, your skills and qualifications will ideally include:
  • Bachelor’s Degree or typically hold or working towards relevant professional qualification such as ACII
  • Minimum 3-5 years of underwriting experience in domestic or International Program (IP) underwriting with strong preference for Financial Lines products, including Financial Institutions, D&O, Crime lines
  • Practical market-facing underwriting experience
  • Fluency in English, Cantonese and Mandarin speaking added advantage
  • Knowledge in Financial Lines products, including Financial Institutions, D&O, Crime lines underwriting
  • Added preference for skills in structuring multinational insurance business in a compliant manner
  • Knowledge of major legal & regulatory issues in Financial Lines in HK and to some extent in overseas markets added advantage
  • Experience in servicing multinational/ complex accounts with large/ key brokers
  • Negotiation, influencing and selling skills
  • Ability to develop relationships with key business partners
  • Pipeline management and new business development
  • Ability to build trust based business relationships with customers and producers
  • Open mind to try new ways and alternative approaches of doing things
  • Self-starter, proactive, results and execution oriented


Additional Information
Primary work location is Hong Kong. You can apply by clicking on the button “Apply online”
Who we are
Looking for a career that will excite, challenge and inspire you? Thinking about insurance? Perhaps you should. Working for us is a totally different experience to what you probably expect. How do you feel about the things you truly love? Don’t you want to protect them in the best way possible? Imagine if you could help people do this all over the world. You’d give them confidence and reassurance by protecting what they love most. This is no easy task. In today’s interconnected world, tackling risk is fast, unpredictable and invigorating. You’ll have to think on your feet as you manage risks big and small, from flooding to cyber crime. You’ll be tackling issues like these in over 170 countries. It’s a big challenge, but you’ll have a truly diverse network helping you. As part of an international team, every day would provide opportunities to learn, grow and share ideas.
As you make an impact across borders, you’ll feel the support of being part of a strong and stable company. A long-standing player in the insurance industry, we make every effort to address the career development needs and plans of our employees to ensure their success in the future.
So make a difference. Be challenged. Be inspired. Be supported, Love what you do. Work for us.
Zurich Insurance has the policy to be an equal opportunity employer. We aim to attract and retain the best qualified individuals available, without regard to criteria such as race/ethnicity, national origin, religion, gender, sexual orientation, age or disability.

At Zurich we believe that having a culture of inclusion is essential in delivering good results. Attracting, retaining and developing a diverse workforce where employees feel valued, respected and empowered allows people to reach their full potential. As a business this diversity helps us to better reflect and understand our 4 million customers’ needs to allow us to drive better outcomes. As a global organisation, with an increasingly agile workforce, we're happy to consider flexible working arrangements.

Employment TypeFull-time
Career LevelIntermediate (3-6 years)
Education LevelBachelor
QualificationAssociate of Chartered Insurance Institute (ACII)
LanguageEnglish, Cantonese, Mandarin (Putonghua)
Zurich Insurance GroupInsurance and Reinsurance

Zurich Insurance Company Ltd 25-26/F, One Island East 18 Westlands Road, Quarry Bay

directions_walk9 mins walk from Tai Koo Station