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Underwriting (Fac)

3 months ago

Singapore SAMSUNG REINSURANCE PTE. LTD. Full time
Degree in a technical discipline like Engineering preferred

  • ACII/FCII or equivalent would be an advantages
  • Worked in the insurance/ reinsurance industry for more than 3 years as a Property Underwriter
  • Work experience with regional responsibilities and good knowledge of markets
  • Underwriting experience and market knowledge of SEA, India and North Asia
  • Underwriting experience and market knowledge of Middle East is an advantages
  • Fluent English spoken and written is essential
  • Additional regional language(s) would be an advantage
  • Excellent oral and written communication with good negotiation skills
  • Good interpersonal skills, approachable and a good team player
  • Possesses leadership qualities
Willing to travel

Main Responsibilities include but not limited to following:

  • To analyze risks and its exposures for assessment of risk quality and insurance coverage including pricing of risks and other related requirements
  • To ensure compliance with company guidelines in the underwriting of facultative business
  • To ensure proper administration of facultative business transacted including followup actions for endorsement, registration in IT system and reporting.
  • To provide advice on claims matters
  • To cooperate with other teams in the pursuit of company targets
  • To take on other assigned roles and responsibilities relevant to facultative reinsurance business
  • Be able to carry out desktop evaluation of a risk and where necessary seek relevant information clarification from the cedant/broker
  • Be able to price the exposure and set other terms and conditions so as to ensure longterm profitability
Be able to evaluate and steer portfolio in order to enhance results and to fit company's risk appetite.