Assistant Manager / Manager, Segment Profit Centre - Commercial Lines

hyperscal solutions pte. ltd.; Shenton Way; On-site; SGD 120,000 - 180,000; Full time

Job summary

MSIG Singapore, a leading general insurer with over a century of local presence, invites an experienced Senior Underwriter to lead Commercial insurance initiatives in Singapore. You will shape P&C strategy, review policy wordings, and manage referrals across distribution channels.

Ideal candidates bring 6+ years in senior underwriting, strong portfolio management skills, and a digital mindset to drive underwriting excellence while ensuring regulatory compliance and collaboration with governance,

Qualifications

• At least 6 years of senior/lead underwriting experience in Commercial insurance.
• Experience in policy wording review, referrals, and product enhancements.
• Digitalization savviness and knowledge of distribution channels.

Responsibilities

• Develop and implement P&C business strategy, initiatives and plans; responsible for Topline and Bottomline of the P&C segment.
• Liaise with Business Units on referral accounts and prepare referrals for approvals.
• Ensure timely turnaround for replies to Business Units.
• Underwrite and accept accounts within Risk Acceptance Authority.
• Collaborate with Governance, Reinsurance, Actuarial and Claims teams to manage loss ratios.
• Negotiate, underwrite, and accept accounts within authority.
• Develop and mentor junior underwriters and explain decision making.
• Engage with the industry for market insights.
• Ensure compliance with laws, regulatory provisions and Group policies.

Skills

Underwriting

Portfolio management

Stakeholder liaison

Digital savvy

Education

Tertiary qualification

Professional insurance qualifications

Job description

COMPANY DESCRIPTION

A leading general insurer with a local presence of over 100 years, MSIG Singapore offers an extensive range of insurance solutions for commercial and personal risk protection, enabling the security and safety of individuals and businesses. MSIG Singapore holds an A+/Stable financial rating by Standard & Poor's.

A testament to its growing strength and influence, MSIG Singapore has garnered numerous awards for delivering digitally innovative and customer‑centric solutions. In 2023, 2022 and 2020, MSIG Singapore was awarded Insurance Asia Awards' Claims Initiative of the Year.

MSIG is a subsidiary of Mitsui Sumitomo Insurance Co., Ltd, and a member of the MS&AD Insurance Group - one of the largest general insurance groups in the world with presence in 50 countries and regions globally, 18 of which are in Asia Pacific including all ASEAN markets as well as in Australia, New Zealand, China, Hong Kong, Taiwan, South Korea and India. Headquartered in Japan, MS&AD is amongst the top non‑life insurance groups in the world based on gross revenue.

RESPONSIBILITIES

• Develop and implement Property & Casualty (which includes Engineering, Construction, Bonds) business strategy, initiatives and plans; responsible for both the Topline and Bottomline of the P&C segments. This also includes product development, review of policy wordings and underwriting/Treaty guidelines, P&C platform development (if any) and management of distribution of P&C products and services across all distribution channels
• Liaise with Business Units on referral accounts and prepare referrals to MSIG 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

OTHER INFORMATION

• At least 6 years of experience in a senior / head level developing and underwriting Commercial insurance business and products
• Commercial Insurance business and underwriting, pricing, referrals, review of policy wordings and product enhancements
• Digitalization savviness
• Portfolio Management
• Knowledge of distribution channels structure and good interpersonal liaison with them
• Singapore Property & Casualty market