Assistant Manager, IPL Underwriting & Product Development

Chubb Ltd.; Malaysia; On-site; MYR 80,000 - 120,000; Full time

Job summary

Chubb in Malaysia is seeking an experienced Underwriter to assist the Senior Manager in managing the underwriting and product development for the IPL portfolio. The role focuses on meeting financial targets and enhancing operational efficiency through effective portfolio management.

Ideal candidates will have a minimum of 6 years' experience in General Insurance, particularly in motor underwriting, and possess a Bachelor's degree in a related field. Strong skills in stakeholder communication and compliance are essential.

Qualifications

• Minimum 6 years of experience in the General Insurance industry, ideally in motor underwriting.
• Experience in portfolio management and insurance product pricing is beneficial.
• Strong background in coordinating information and communication with stakeholders.

Responsibilities

• Contribute to achieving yearly financial targets as part of the IPL team.
• Improve underwriting efficiency in risk assessment and acceptance.
• Manage the performance of the portfolio and enhance underwriting processes.
• Develop new product features and ensure compliance with guidelines.

Skills

Underwriting

Portfolio management

Financial analysis

Stakeholder communication

Education

Bachelor’s Degree in relevant field

Professional insurance qualifications

Job description

Key Objective

The position is responsible for assisting the Senior Manager, UW and Product in managing the overall underwriting and product development function within the IPL portfolio, i.e. Auto, Residential & Specialty Personal Lines (SPL – Device Protection, Cyber Insurance etc.), and aim to meet IPL yearly financial target, both topline and bottomline. This also includes identify business opportunities, ensure proper governance process and good underwriting discipline that support the accelerated growth in the IPL portfolio.

Major duties and responsibilities

• Financial Targets – To contribute as part of the IPL team structure in achieving the yearly financial plan, both topline & bottomline.

• Operation Efficiency – To improve the underwriting journey during risk assessment & acceptance, reduce administrative work, and shorten the time taken for referral/approval case.

• Portfolio Management – Assess and manage the portfolio performance, and underwriting referrals as well as continuous review and enhancements of underwriting processes and procedures.

• Relationship Management – Work closely with distribution channels with constructive feedback & discussion and generating new ideas to keep growing the portfolio.

• Service standard – Ensure that service standard level of underwriting work is within the agreed turnaround time.

• Product Development – Provide technical support when developing new product features, new coverage wording, obtain approval etc.

• System Enhancement – To support the system change required or system maintenance required for Auto, Residential or SPL products.

• Reporting – Adherence to reporting, internal and external, timely and accurate submission of reports and statistics.

• Compliance – Ensure full compliance with regulatory, PIAM, local, regional and global guidelines including peer review.

• Any other duties as assigned