Non-life Treaty Underwriter
5 days ago
MAPFRE RE is one of the Top 20 Global Reinsurers in the world as well as the professional Reinsurer of the MAPFRE Group.- We are present in 19 offices throughout the world with active business portfolio with clients from more than 100 countries worldwide to provide reinsurance-related services and capacity, through all kinds of Treaty and Facultative reinsurance solutions and for all lines of businesses, both Life and Non-Life.- We are currently looking for a highly motivated, qualified and an ambitious professional to assume the position of a
- **Singapore**.- In this position, you will be responsible for devising and executing a winning Business Strategies to profitably develop our portfolio in line with the Underwriting Authorities and Client Strategies set out by the Management.- You will also have to manage an existing portfolio; and cultivate new revenue opportunities in the region for MAPFRE RE.- RESPONSIBILITIES- Handling client relations, identifying and developing new business potential and new clients in collaboration with various operations of MAPFRE RE within the APAC region.
- Clearly and positively articulating proposition and risk appetite internally and externally
- Anticipate client needs, monitor trends in order to recommend changes and work with business partners to provide solutions.
- Contributing to the wider development of effective business strategies, priorities and market propositions, drawing on own knowledge, understanding and interpretation of local markets and competitors
- Managing timely and efficient review of quotes that are requested by brokers/clients
- Ensuring proper documentation of pricing review done and decisions made
- Punctual fulfilment of internal protocols, tools and systems
- Negotiate participation, pricing and terms and conditions with brokers. Proactively manage capacity and develop business opportunities
- Underwrite and evaluate Natural Catastrophe exposures and accumulation, ensuring an understanding of catastrophe modelling and interpretation of scenarios
- Underwrite to the governance framework - e.g. Underwriting Authorities, Global Underwriting Standards, Guidelines, Rules and Principles
- Achieve Contract Certainty on all accounts at time of inception
- REQUIREMENTS- Bachelor’s Degree in **Law, Actuarial Science, Economics** or similar.
- Minimum experience in **Non-Life Treaty Reinsurance of 10 years** - with competency Property/Cat Treaty Underwriting a must
- First-hand experience with the Korea, Malaysia and Taiwan markets is a must, prior experiences of Regional Treaty Placement Arrangements is a plus
- Strong insurance risk assessment and reinsurance pricing skills
- Excellent organization and communication skills (both written and verbal) as well as an ability to work cross-functionally
- Excellent technical and analytical skills, logical and concise in approach and demonstrate attention to detail
- A pragmatic approach to business pressure and agility are essential.
- Self-motivated and able to work within a team environment, outcome focused.
- Dedicated Asian regional experience and networks will be preferred.
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