Underwriter

Hannover Rückversicherung AG; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

Hannover Re Malaysia is seeking an experienced Underwriter to join our P&C team. This role will develop and execute country-level strategies, underwrite Treaty business within delegated authority, and align with branch and group objectives.

The ideal candidate holds a bachelor’s degree in insurance or related field, at least 5 years in P&C/reinsurance, and fluent Korean and English for client engagement and negotiations; willingness to travel and work collaboratively in a dynamic, regional

Qualifications

• Bachelor’s degree in insurance, Engineering, Risk Management, Finance, Actuarial Science, or a related field.
• A minimum of 5 years' of relevant experience in Property & Casualty (P&C)/ Non-Life insurance/reinsurance sector, preferably with exposure to treaty underwriting.
• Good knowledge and understanding of the Korea insurance/reinsurance market
• Familiarity with regional market dynamics, client needs, and regulatory environments
• Ability to communicate in Korean and English fluently to communicate and serve Korean speaking customers.

Responsibilities

• Underwrite and maintain Treaty business within the delegated authority, in accordance with the underwriting principles, procedures, relevant guidelines and align with group and local strategy.
• Conduct quantitative and qualitative analyses of treaty submissions, negotiate treaty structures, terms and wordings, and handle inquiries from clients and brokers in line with underwriting guidelines and branch business strategy.
• Develop and maintain business relationships with clients and brokers to support sustainable portfolio growth and long term value creation.
• Effectively communicate with the immediate team as well as the wider P&C business units. Manage business partner relationships, stakeholder engagements and apply effective negotiation skills.

Skills

Underwriting skills

Portfolio building

Numeracy

Problem-solving

Interpersonal skills

Communication (Korean & English)

Organization & multitasking

Adaptability

Education

Bachelor's degree in insurance/related field

Tools

Microsoft Office

Actuarial/pricing software

Underwriting systems

Job description

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Hannover Re - as one of the world's leading reinsurers, we provide coverage for the risks of yesterday, today and tomorrow. Our strength? Connecting Power: Within our global team of around 4,000 colleagues, we bring together knowledge, perspectives and a strong sense of responsibility. We rely on one another, challenge ourselves and continuously develop both our services and our products. Whether working with risk calculation models, developing digital tools or creating pragmatic solutions for our clients: here, you can contribute your expertise and actively shape what comes next.Sounds good? Get to know us as a reliable employer and find your place with us.

We are currently hiring a Underwriter to join the P&C team in Malaysian Branch. This role is responsible for holding the enterprise-wide responsibility to develop and execute a country-level strategy for Korea, or as decided by the Head of Treaty, which will drive value creation in line with the Branch's business strategy.

You can look forward to

• Underwrite and maintain Treaty business within the delegated authority, in accordance with the underwriting principles, procedures, relevant guidelines and align with group and local strategy.

Marketing & Business Development

• Conduct quantitative and qualitative analyses of treaty submissions, negotiate treaty structures, terms and wordings, and handle inquiries from clients and brokers in line with underwriting guidelines and branch business strategy.
• Develop and maintain business relationships with clients and brokers to support sustainable portfolio growth and long term value creation.

Stakeholder Engagement & Management

• Effectively communicate with the immediate team as well as the wider P&C business units. Manage business partner relationships, stakeholder engagements and apply effective negotiation skills. Contribute meaningfully to growing and maintaining the portfolio with an emphasis on technical results.

Reporting

• Review performance of designated portfolio, assist in preparing reports (board, management, ad hoc); Liaise with Technical Accounting to ensure accounts are up to date and monitor portfolio to measure variance from set targets.

Administration

• Maintain adequate procedure, record and administration on relevant document management and underwriting systems within scope of work.

You come equipped with

• Bachelor's degree in insurance, Engineering, Risk Management, Finance, Actuarial Science, or a related field.
• A minimum of 5 years' of relevant experience in Property & Casualty (P&C)/ Non-Life insurance/reinsurance sector, preferably with exposure to treaty underwriting.
• Good knowledge and understanding of the Korea insurance/reinsurance market
• Familiarity with regional market dynamics, client needs, and regulatory environments
• Ability to communicate in Korean and English fluently to communicate and serve Korean speaking customers.
• Strong underwriting and portfolio building skills.
• Ability to interpret complex data, loss trends, and actuarial models for informed decision-making.
• Proficiency in underwriting tools and Microsoft Office; familiarity with actuarial/pricing software is an advantage.
• Willingness to travel for client and broker meetings, as required.
• Negotiation and Networking
• Attention to detail and problem-solving
• Independently and proactively manage designated works and support colleagues if required
• Good understanding of insurance/reinsurance
• System and process management
• Numeracy
• Problem-solving skills and a logical approach to work
• Good in contract wording construction & interpretation
• Ability to manage and optimize their portfolio of clients.
• Ability to work both in a team and independently whenever the situation requires.
• Corporate and profit oriented thinking and acting.
• Competence and confidence when dealing with internal or external customers.
• Strong interpersonal skills.
• Organised and ability to multitask.
• Resilient and adaptability to change.

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