Reinsurance Contracts Expert

Swiss Re; Kuala Lumpur; On-site; MYR 200,000 - 280,000; Full time

Job summary

Swiss Re is seeking a Head of P&C Reinsurance Contracts in Kuala Lumpur, Malaysia. This role involves drafting and evaluating reinsurance contracts while ensuring compliance with corporate standards.

The ideal candidate will have over five years experience in the (re)insurance sector, strong negotiation skills, and a strong grasp of P&C policy wordings and coverage. High fluency in both Chinese and English is essential, with additional fluency in Mandarin as a plus.

Qualifications

• Five or more years of (re)insurance experience in claims, underwriting, coverage counsel, legal or product roles.
• Solid understanding of P&C (re)insurance policy wordings, coverage and business processes.
• High fluency in Chinese and English, including business terminology.

Responsibilities

• Draft and critique (re)insurance contracts and related documents.
• Perform portfolio analysis on contract risks.
• Support contract negotiations with clients and brokers.
• Develop training materials on contract-related matters.

Skills

Analytical abilities

Business negotiation skills

Excellent communication

Contract drafting

Customer servicing

Education

Degree in business, finance, insurance, law or related field

Professional insurance designation (e.g., ACII or equivalent)

Job description

Head of P&C Reinsurance Contracts, Asia Pacific is seeking a regional Reinsurance contract wordings counsel / expert to join our team supporting Swiss Re’s property and casualty (P&C) reinsurance business in the Asia Pacific region. The position will be based in Kuala Lumpur, Malaysia.

About The Team

P&C Contracts is part of Underwriting Excellence in Property & Casualty Reinsurance and is responsible for ensuring Swiss Re (re)insurance agreements comply with underwriting and contracts standards. The team consists of approximately 40 legal, claims, and underwriting experts and specialists who support all Lines of Property, Casualty, and Specialty business.

Core Responsibilities

• Independently draft and critique (re)insurance contracts, binders, slips, endorsements and related documents to align written agreements with business intent and corporate requirements.
• Perform portfolio analysis and provide insights on trends related to contract risks, using Swiss Re contracts systems and database.
• Align reinsurance contracts with applicable law, regulations and internal requirements.
• Coordinate, communicate and participate in the development of corporate policies on contract‑related matters.
• Support functional development of contract management and analytical systems.
• Collaborate with Client Managers and Underwriters in contract negotiations, including discussions with external clients and brokers.
• Act as an expert technical advisor, providing guidance to various corporate functions regarding contract formation / interpretation, implications of particular contract language and best practices.
• Develop training materials and deliver internal, external or public training on contract‑related matters; drive thought leadership on contract certainty.
• Maintain strong governance, risk and control standards with respect to contract wordings and processes.

About You

The successful candidate will develop a thorough understanding of relevant law, regulations and market practices in the Asia Pacific region and apply these to (re)insurance agreements. Participation in global projects and initiatives through co‑working with team mates from the US and EMEA Regions is expected. Candidates should have strong analytical abilities, experience in business negotiations and excellent written and verbal communication skills, including the ability to engage confidently and in an impactful manner with internal stakeholders and clients. We are seeking a candidate with an innovative, pragmatic and results‑oriented mindset, who works independently with personal responsibility and accountability while building cooperative relationships across functions.

Contract experts must be available for business travel of roughly two weeks each year.

Requirements

• Degree holder in business, finance, insurance, law or a related field; preferably with a professional insurance designation (e.g., ACII or equivalent). A legal background / qualification in common / English law is an advantage.
• Five or more years of (re)insurance industry experience in claims, underwriting, coverage counsel, legal or product roles.
• Solid understanding of P&C (re)insurance policy wordings, coverage, product and business processes.
• Good skill and confidence in commercial / (re)insurance coverage agreement drafting.
• External customer servicing, management or advising experience is an advantage.
• Exposure to a multi‑cultural work and/or client‑servicing environment.
• High level fluency in Chinese and English, including business terminology. Additional fluency in Mandarin is a plus.
• Effective computer and information technology literacy.

Reference Code: 138447