Casualty Underwriting

4 days ago


Singapore PERSOLKELLY SINGAPORE PTE. LTD. Full time
Roles & Responsibilities

Responsibilities:

  • Responsible for underwriting of new and renewal Casualty business of moderate technical complexity under company' underwriting standards and delegated authority levels.
  • Adhere to both business and underwriting plans and strategies to support the business growth through the various distribution channels.
  • Develop, maintain, review and enhance appropriate Pricing Model and establish Market Price.
  • Underwrite and maintain a profitable book of Casualty business.
  • Ensure Technical Portfolio Management and conduct remediation for underperforming portfolios.
  • Assist to compile, analyze and prepare monthly reports required and present during monthly meetings and business reviews.
  • Assist to develop, maintain, review and enhance Underwriting Manual and Policy Wording.
  • Assist to ensure that the team determines an acceptable pricing and terms, within their underwriting authority and underwriting guidelines, on new business and renewals.
  • Ensure acceptable loss ratio through coordinating account stewardship process, loss control activities, tracking and following up on large claims and related activity as required.
  • Ensure evaluation of facultative reinsurance needs and coordination as necessary within company underwriting and risk control guidelines.
  • Ensure that sanction checks are conducted.
  • Ensure timely and proper passing down of instructions to Policy Administration with the required information / documentation.
  • Stay current on competition, underwriting environment, and market conditions and to share findings and updates with all members of the team as appropriate.
  • Working with the Head, own team and the other Team Leaders to drive the profitable growth of Casualty portfolio for the company and achieving market leadership.
  • Provide technical guidance to the team.
  • Assist in enhanced product development and successful business penetration launch.
  • Assist in growing new and existing business through strengthened account relationships by way of a multi-tier approach.
  • Assist in driving efforts in key business and line reviews including product selection, pricing, new product introductions, competitive (healthy) conversions via Key Decision Influencer, etc.
  • Proactively cross-sell and work in collaboration with Distribution, Underwriters of P&C, Specialty and Marine classes, Claims, Finance, Actuary and Risk Management on business enquiries.

Requirements:

  • Degree/Diploma in Insurance/ Business / Engineering with CGI
  • Minimum 4 years' experience in Casualty insurance underwriting with direct intermediary engagement / technical underwriting.
  • Good knowledge of insurance operations, underwriting procedures and understanding of policy wordings.
  • Good understanding of risk assessment, laws and legislation in relation to the general insurance industry and specifically within the Casualty field.

Interested candidates who wish to apply for the advertised position, please click on "Apply". We regret that only shortlisted candidates will be notified.
EA License No.: 01C4394 (PERSOLKELLY Singapore PTE LTD)
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Tell employers what skills you have

Casualty
Leadership
Remediation
Risk Assessment
Reinsurance
Risk Control
Legislation
Risk Management
Administration
Stewardship
Underwriting
Portfolio Management
General Insurance
Product Development
Pricing

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