Property and Casualty Underwriter

4 days ago


Singapore 5 STONES HRM PTE. LTD. Full time $104,000 - $130,878 per year

Job Description

  • Develop and implement Property & Casualty (which includes Engineering, Construction, Bonds) business strategy, initiatives and plans; responsible for both the Topline and Bottomline of the P&C segments. This also includes product development, review of policy wordings and underwriting/Treaty guidelines, P&C platform development (if any) and management of distribution of P&C products and services across all distribution channels
  • Liaise with BUs on referral accounts and prepare referrals to MA/HO/Treaty/CEO for approvals
  • Ensure that reasonable TAT is achieved for the account to be replied to the BUs
  • Ensure that prudent technical underwriting is conducted as well as balancing the business aspects of securing the accounts.
  • Collaborate with Governance, Reinsurance, Actuarial and Claims teams to manage loss ratios
  • Negotiate, underwrite, accept all accounts within RAA/RAG
  • Develop and mentor other more junior underwriters / BUs and explain the decision taken for the accounts.
  • Market engagements with the industry
  • Ensure compliance with all laws, regulatory provisions and Group policies as are relevant to the role
  • Undertake any other duties as may be assigned

Qualifications

  • Tertiary qualification and professional insurance qualifications
  • At least 6 years of experience in a senior / head level developing and underwriting Commercial insurance business and products
  • Commercial Insurance business and underwriting, pricing, referrals, review of policy wordings and product enhancements
  • Digitalization savviness
  • Portfolio Management
  • Knowledge of distribution channels structure and good interpersonal liaison with them
  • Singapore P&C market


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