Underwriting Manager
2 months ago
About the Role
The Underwriting & Claims Manager - Captive Management will be responsible for managing a portfolio of captive (re)insurance companies and providing technical underwriting and claims support across the team. The successful candidate will report to the Managing Director, Captive & Insurance Management Solutions, Asia Pacific.
Key Responsibilities- Manage the day-to-day delivery of captive management services to clients, and be the primary point of contact within WTW, in relation to all Underwriting and Claims queries on captives.
- Maintain an ongoing relationship with clients and gain an understanding of their business and industry.
- Assist in coordinating Board meetings, including the production and issuance of Board packs and minutes for same; presentation of information in a Board meeting environment.
- Liaise with brokers, insurers, reinsurers, loss adjustors, auditors (internal/external), Board/Committee members, lawyers, and actuaries to fulfill the above responsibilities.
- Report to the Directors/Committee(s) on all relevant Underwriting/Claim activities in accordance with the Underwriting and Claims protocol.
- Review annual premium allocation models by country by client where required.
- Prepare/review policy wordings pertaining to Underwriting and Claims issues, certificates endorsements, reinsurance agreements.
- Ensure that (re)insurance companies under management comply with the respective regulatory authority regulations and filing requirements.
- Production of detailed Underwriting accounts, review of premium and claims information, including compilation of claim statistics, assist in budgets/forecasts, reconcile bordereaux to cash payments, arrange for payment of claims, and develop claims analysis for presentation to the client and/or other interested parties.
- Assist the Client in premium collection due to the Client in relation to the Policies written on both direct and reinsurance basis and the payment of applicable reinsurance premiums ceded by the client to the reinsurers.
- Assist in ad hoc projects/systems implementation.
About WTW
WTW is a leading global insurance and reinsurance broker and risk management advisor. We provide a wide range of services to clients across the globe, including captive management, underwriting, and claims support.
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