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 Property & Casualty segments. This also includes product development, review of policy wordings and underwriting/Treaty guidelines, Property & Casualty platform development (if any) and management of distribution of Property & Casualty products and services across all distribution channels
- Liaise with Business Units on referral accounts and prepare referrals to Asia/Head Office/Treaty/CEO for approvals
- Ensure that reasonable Turn Around Time is achieved for the account to be replied to the Business Units
- 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 Risk Acceptance Authority/Risk Acceptance Guide
- Develop and mentor other more junior underwriters / Business Units 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 8 years of experience in a senior / head level developing and underwriting Commercial insurance business and products
- Experience in Commercial Insurance business and underwriting, pricing, referrals, review of policy wordings and product enhancements
- Digitalisation savviness
- Portfolio Management
- Knowledge of distribution channels structure and good interpersonal liaison with them
- Good understanding and experience in Singapore Property & Casualty market
