Casualty Facultative Underwriter

2 weeks ago

Singapore Swiss RE Full time

The Opportunity


We are looking for an ambitious Casualty Underwriter who has the skills, drive and commitment to develop his/her career in Swiss Re Reinsurance Division as one of the world's global reinsurance leaders.


You will be part of our Asia Facultative Team to grow a profitable Casualty facultative book primarily in in South-East Asia and India region whilst executing our Swiss Re Fac Go-To market strategies and promoting our presence and propositions to brokers and clients.

You will also get exposure beyond the South-East Asia market through supporting peak renewals and 4-eye consultation of other markets within Asia.

The role further entails exploring growth opportunities for SwiftRe, Swiss Re's cutting edge end-to-end global digital platform for small and medium industrial and commercial businesses.

Swiss Re is a bottom-line driven company and your performance will be measured based on bottom line growth.

The role reports into the Head Casualty Facultative Greater China and Southeast Asia, based in Singapore.

The Team


This is a great opportunity to join Swiss Re Singapore Casualty Facultative Team and become part of the Asia P&C Facultative Underwriting community across our Asia Pacific local business units.

We share the common vision and goals to collaboratively grow our Fac business across Asia territories from Japan, Korea to Greater China, Southeast Asia, India and Australia and New Zealand.


In this role you will be an important member of a new and energetic team that facilitates entrepreneurial & team spirit, underwriting expertise, resilience, as well as your personal and professional development.


Key Responsibilities

Underwriting and Business focus:

  • Be the first port of call for Casualty facultative business, and provide high quality, timely and appropriate service to clients and brokers
  • Grow a profitable and balanced Casualty Facultative book in accordance with the planned portfolio targets and Go-To Market strategy, within stated underwriting guidelines and authority and other governance rules.
  • Drive business origination and enhance relationship building with clients and brokers. Ensure robust new business pipelines and improve renewal retention to maximise Swiss Re Fac's commercial position
  • Cross sells Property and other lines of business where possible
  • Grow facility business and explore opportunities for SwiftRe, Swiss Re's cuttingedge endtoend global digital platform for small and medium industrial and commercial businesses
  • Proactively manage portfolio for sustainable profitable growth and mmonitor portfolio metrics. Observe external risk landscape and trends. Steer portfolio to reach profitability targets and target portfolio profile
  • Mitigate volatility, manage line size and explore alternative approaches which allow us to write business profitably and meet client needs
  • Ensure diligent use of pricing/modelling tools and robust reflection of pricing to exposure and risk quality. Proactively improve data transparency and accuracy.
  • Support development of budgets and business plans and ensure timely steering and reporting
  • Help train, develop, and retain underwriting talent
  • Improve efficiency & productivity
  • Support underwriting peer reviews & audits. Implement audit recommendations.
  • Provide underwriting support to other Swiss Re offices and handle ad hoc tasks as required
  • Proactively manage operational risks to ensure Operational Risk Management (ORM) compliance. Contribute to the ORM process and internal risk reviews.

SwiftRe Responsibility:

  • Develop a profitable and diversified portfolio, improve efficiency and automation within the underwriting control framework
  • Promote SwiftRe propositions, develop new partners, expand into new territories, and deepen penetration in existing markets and partners
  • Steer the portfolios for profitable growth, contributes to underwriting parameters setting, whilst optimizing automation, response time and underwriting control
  • Improve SwiftRe functionality, underwriting control and userfriendliness working closely with the SwiftRe Product Team
  • Support product setup and adapts generic products to local market needs
  • Provide timely response to clients and brokers; handle daily submissions and special acceptances and answer client's queries; provide coaching to clients and support SwiftRe client onboarding
General

  • Actively seek and procure opportunities in the market through high quality client and broker interactions, relationship building and engagement
  • Provide technical advice and conduct trainings to Swiss Re clients and internal functions
  • Proactively liaises with the Claims Team to stay abreast of claims trends and issues of market / client companies and their profitability
  • Proactively streamline underwriting processes and workflows in collaboration with Business Services and Business Management
  • Lead / participate in projects as required

About Swiss Re
Swiss R

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