About the Division/Dept
The Underwriting & Products Department is responsible for all underwriting governance, product management and portfolio management of the Company.
Job Purpose
As an Underwriter, you will play a pivotal role in supporting product management, underwriting governance and portfolio monitoring matters to achieve company's twin objectives of GWP growth and underwriting profitability.
Main Responsibilities
Underwriting Governance
- Support in the review and documentation of the underwriting manual, guidelines improvements in accordance to the Company’s risk appetite statement and strategy.
- Support in the review and documentation of authority delegation table in accordance to each underwriter’s technical know-how and experience.
- Review and maintain the underwriting workflow, checklist and documentation requirement.
- Conduct underwriting audit and peer review.
Product Management
- Conduct market analysis and competitor research to ensure our product(s) remain competitive.
- Review existing product and develop new innovative insurance product(s) from time to time to meet the current market demands.
- Support in conducting product training and develop underwriting resources (e.g. wordings, UW and pricing tools)
Portfolio Management
- Monitor the overall portfolio including gross/net underwriting profitability, actual vs forecast.
- Analyse major loss trends and provide underwriting improvement recommendation, including coverage, pricing, underwriting risk selection criteria, etc.
- Monitor macro- & micro-environment and provide pre-emptive underwriting insights.
Requirements
- Minimally Degree or equivalent
- Possess BCP/CGI/PGI/HI Certification. ACII an advantage.
- Minimally 5 years’ experience in underwriting the commercial and/or personal lines.
- Proficiency in Microsoft Office.
- Proficiency in English. Chinese / other SEA language an advantage.
- Excellent customer-mindedness with good interpersonal and communications skills.
- Meticulous, organised and able to multi-task efficiently.
- Able to work well independent and in a team environment.