COMPANY DESCRIPTION
A leading general insurer with a local presence of over 100 years, MSIG Singapore offers an extensive range of insurance solutions for commercial and personal risk protection, enabling the security and safety of individuals and businesses. MSIG Singapore holds an A+/Stable financial rating by Standard & Poor's.
A testament to its growing strength and influence, MSIG Singapore has garnered numerous awards for delivering digitally innovative and customer-centric solutions. In 2023, 2022 and 2020, MSIG Singapore was awarded Insurance Asia Awards Claims Initiative of the Year.
MSIG is a subsidiary of Mitsui Sumitomo Insurance Co., Ltd, and a member of the MS&AD Insurance Group one of the largest general insurance groups in the world with presence in 50 countries and regions globally, 18 of which are in Asia Pacific including all ASEAN markets as well as in Australia, New Zealand, China, Hong Kong, Taiwan, South Korea and India. Headquartered in Japan, MS&AD is amongst the top non-life insurance groups in the world based on gross revenue.
RESPONSIBILITIES
- Administer central register of Underwriting manuals, guideline and Risk Acceptance Authority and Underwriting breaches
- Monitor overall pricing adequacy
- Support the Monitoring, analysis and review to improve results
- Optimize Underwriting productivity and efficiency through technology and enhanced workflow for referrals
- Represent the company to liaise with relevant authorities eg. MOM
- Administer Group Underwriting Policies and Guidelines, including liaising with MA/HO, the establishment of procedures, control mechanisms, monitoring and reporting
- Conduct underwriting audit of BUs, Underwriting and Reinsurance workshop, training sessions
- Support management of Service Providers through liaising with relevant SPCs
- Support compliance with regulatory reporting requirements (PPF, IFRS17)
- Undertake any other duties as may be assigned
Tertiary qualification and/or insurance professional qualifications
OTHER INFORMATION- At least 8 years of Underwriting experience in general insurance operations
- General insurance market and regulatory requirements
Leadership qualities with emphasis on business transformation, performance achievement and strategic vision
- Experience in conducting Underwriting Audits
Good Training and mentoring skills
Portfolio management techniques
Knowledge in insurance products and reinsurance
Good interpersonal and communication skills, verbal and written
