Regional Underwriting Specialist

2 days ago


Singapore American International Group Full time

* Develop and execute business strategy to successfully propel AIG Financial Lines into a significant and profitable long-term, sustainable leadership position in the APAC marketplace, and in support of the company's ROE objectives over the long-term.* Ensure the required standards of governance, systems and controls, and regulatory compliance are established and maintained.* Communicate to APAC countries the broader International and Regional Financial Lines strategy as it corresponds to local market dynamic, challenges and opportunities* Drive the APAC Financial Lines vision and value proposition in close co-operation with Country GM's and the GI International Financial Lines function, that recognize changing business and competitive environment dynamics, key business drivers, and financial elements and demonstrate the value we bring to our clients.* Develop, position, market, and deliver innovative, market-leading products and services through our geographical framework to a network of producers in a manner that effectively leverages our strengths as a competitive differential in the marketplace.* Drive underwriting excellence across the Financial Lines business in collaboration with the CUO, by establishing and ensuring adherence to risk appetite, line setting, standards and guidelines, and ensure rating and pricing adequacy.* Ensure alignment amongst Financial Lines underwriting staff and leads on interaction with Client and Broker Engagement, other underwriting business lines, Claims, Actuarial, Finance and other functions to achieve product and company goals.* Collaborate with Actuarial on creating and maintaining proper pricing tools and technique.* Conduct detailed portfolio reviews to assess profitability, rate adequacy, product/segment mix, and general adherence to agreed strategy.* Establish strong relationships with Regional and Country leadership; create mutual understanding of overall Financial Lines strategy, underwriting methodology and the risks we assume to drive effective execution of the business model.* Support country teams where needed to help maintain key client and partner relationships across APAC.* Support team(s) in making business decisions that leverage their expertise and experience in combination with powerful, analytical models;* Engage with local teams on resource allocation decisions for the Financial Lines Underwriting function in conjunction with Country GM.* Develop tools and strategies, in collaboration with HR, to attract and retain top industry talent and develop high performing teams.* Drive a culture that promotes collaboration, diversity and inclusion.* Collaborate with Claims team to ensure a reputation of Claims excellence in the marketplace.* Monitoring market developments/trends & intel on competitors* Engage with non-client/broker external stakeholders such as the Board and regulators, as required* Strong record in an underwriting role, specifically in Financial Lines technical area.* Strong technical Financial Lines skills and a solid understanding and knowledge of the APAC insurance market.* The ability to underwrite Direct and Facultative Reinsurance Business.* Experience with Major


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