Property Insurance

1 month ago


Singapore SINGAPORE REINSURANCE CORPORATION LIMITED Full time
Roles & Responsibilities

Responsibilities

  • Review insurance applications submitted by potential policyholders, carefully assessing all relevant information including financial history, credit scores, and claims histories to determine risk levels.
  • Analyse historical loss data and claims information to identify patterns and trends that may impact underwriting decisions and pricing strategies.
  • Stay informed about market trends, industry developments, and regulatory changes affecting property insurance, and adjust underwriting practices accordingly.
  • Determine the appropriate type and amount of coverage based on individual risk profiles.
  • Ensure all records of underwriting decisions, correspondence, and other relevant information in compliance with company policies and regulatory requirements.
  • Stay abreast about market trends, industry developments, and regulatory changes affecting property insurance, and adjust underwriting practices accordingly.
  • Document all underwriting decisions and ensure accurate records are maintained for auditing purposes.
  • Identify potential risks and propose risk management strategies to mitigate losses and protect the company's financial interests.
  • Ensure compliance with all relevant insurance laws, regulations, and internal policies. Understand and adhere to ethical guidelines in underwriting practices.

Requirements

  1. Bachelor’s degree in business, Finance, Engineering, or related field.
  2. Minimum 10 years of related experience with extensive Insurance Market knowledge, including complex risks underwriting
  3. Ability to analyse large industrial risks with strong analytical skills to evaluate risk factors, assess data, and make informed underwriting decisions.
  4. Experience of risk engineering is a plus.
  5. Strong knowledge in insurance laws, regulations, and industry best practices.
  6. Effective and good communication skills, written and verbal, for engaging with stakeholders (internal & external).
  7. Strong insurance broker relationships in Singapore and the Asian region.
  8. Ability to navigate changing market conditions, regulatory requirements, and customer demands.
  9. Portfolio Management with the ability to prioritize tasks and meet deadlines in a fast-paced environment.
  10. Comprehensive understanding of property insurance policies, coverage options, and underwriting guidelines.
  11. Ability to work independently and collaborate effectively with a team.
  12. Sound decision-making skills and ability to exercise judgment in complex situations


Foot Note:

1) All personal data collected will solely be used for recruitment purposes.

2) By submitting your application, you therefore consent the company to retain the information provided for future opportunities for a limited period. Such data will be deleted or anonymized when it is no longer required for a business or legal purpose.


Tell employers what skills you have

Foot
Assessing
Analytical Skills
Ability To Work Independently
Property
Risk Management
Auditing
Underwriting
Compliance
Good Communication Skills
Portfolio Management
Regulatory Requirements
Pricing
Ability to Prioritize
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