PURPOSE
This role will be expected to perform risk assessment of all life and health products to deliver quality risk assessment, meet service level agreement and productions targets set.
KEY ACCOUNTABILITIES
- To perform risk assessment of all life and health products to ensure that risk assessed is compliant to our company’s and regulatory guidelines and with experience in underwriting applications with sum assured up to SGD 3m.
- To work closely with new business and distribution team to ensure that service delivery and production targets are met.
- To review appeals, provide preliminary underwriting services and handle post claim underwriting.
- To assist Senior Underwriter/Head of Underwriting to constantly review of our underwriting guidelines to ensure that it is complied with our Group’s underwriting philosophy.
- To support new product launches and corporate’s initiatives by establishing appropriate underwriting guidelines for the initiatives.
- To perform underwriting audits.
- To provide training and consultation support to distribution channels.
- Reduce operational risk by settings guidelines, procedures and controls that are compliant to the Company’s risk governance and philosophy.
- Deliver the Company’s key performance indicators set.
- Achieve operations efficiency through automation by constant analysing management information data generated by automated rules engine, reviewing and updating the underwriting rules to improve straight through processing rates.
- Work on projects that are assigned by Senior Underwriter / Head of Underwriting.
QUALIFICATIONS / EXPERIENCE
- Degree holder
- At least 8 to 10 years of underwriting experience in life and health insurance
- Preferably with FLMI and pursuing ALU.
KNOWLEDGE, SKILLS & ABILITY
- Strong knowledge in life & health insurance.
- Good understanding on regulatory related to life and health insurance.
- Good verbal and written communication skills.
- Good interpersonal skill
- Good analytical, problem solving and decision-making skills.
