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, Risk Acceptance Authority, Underwriting breaches, work processes
- 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 MSIG Asia/Head Office, the establishment of procedures, control mechanisms, monitoring and reporting
- Conduct underwriting audit of Business Units, Underwriting and Reinsurance workshop, training sessions
- Support the development and implementation of Environmental Risk Management framework and strategy
- Support management of Service Providers through liaising with relevant Segment Profit Centres and Business Units
- Support compliance with Group and regulatory reporting requirements (PPF, IFRS17)
- Undertake any other duties as may be assigned
- Tertiary qualification and/or insurance professional qualifications
- At least 8 years of Underwriting experience in general insurance operations
- General insurance market and regulatory requirement
- Knowledge in commercial Insurance business and underwriting, pricing, audit, referrals, review of policy wordings and product enhancements
- Business transformation, Digitalisation savviness
- Business Analysis and portfolio management techniques
- Knowledge in insurance products
- Good interpersonal and communication skills, verbal and written
