Underwriter, 3283

Hannover Re; Kuala Lumpur; On-site; MYR 120,000 - 210,000; Full time

Job summary

Hannover Re Malaysia is seeking an experienced Underwriter to join the P&C team. The role spans country-level strategy development and enterprise-wide execution to drive value in line with the Branch’s business strategy.

You will underwrite Treaty business, conduct analyses of submissions, negotiate terms, and build client and broker relationships to support portfolio growth. Strong communication in Korean and English is required, with travel as needed.

Qualifications

• Bachelor-level degree in a relevant field (insurance, risk management, finance, actuarial)
• Minimum 5 years in P&C/non-life, preferably treaty underwriting
• Good knowledge of Korea insurance/reinsurance market
• Fluent in Korean and English
• Strong underwriting and portfolio building skills
• Ability to interpret data, loss trends, and models for decisions

Responsibilities

• Underwrite and maintain Treaty business within delegated authority
• Analyze treaty submissions and negotiate terms and wording
• Develop and maintain relationships with clients and brokers
• Communicate with internal teams and manage stakeholder relations
• Review portfolio performance and assist in reporting to management
• Maintain documentation and administration in underwriting systems

Skills

Underwriting

Portfolio building

Numeracy

Problem-solving

Attention to detail

Negotiation

Teamwork

Communication (Korean/English)

Adaptability

Education

Bachelor's degree in Insurance/Engineering/Risk Management/Finance/Actuarial Science or related field

Tools

Underwriting tools

Microsoft Office

Actuarial/pricing software (advantage)

Job description

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

Underwriting

• 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.

We are #somewhatdifferent - people with their own stories, experiences, and career paths. Everyone is welcome!

More on our work environment, your entry opportunities and development prospects can be found at www.hannover-re.com/en/career.