Assistant Manager / Manager, Segment Profit Centre - Commercial Lines

MSIG Singapore; Singapore; On-site; SGD 120,000 - 180,000; Full time

Benefits offered by this job

On-site work

Competitive compensation

Job summary

MSIG Singapore is seeking a senior underwriter to develop and drive Property & Casualty strategies across Engineering, Construction and Bonds. You will oversee policy wordings, underwriting guidelines, and distribution channels while coordinating with multiple MSIG business units to secure approvals and drive profitability.

The role emphasizes strong leadership, compliance with regulatory and group policies, and active participation in market engagements with the industry.

Qualifications

• Tertiary qualification and professional insurance qualifications.

Responsibilities

• Develop and implement P&C strategy across Engineering, Construction, and Bonds.
• Collaborate with business units to secure referrals and approvals from MSIG Asia/Head Office/Treaty/CEO.
• Ensure timely responses to business units.

Skills

Digitalization savviness

Portfolio Management

Underwriting

Commercial insurance

Education

Tertiary qualification and professional insurance qualifications

Job description

• 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

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

Other working arrangements offered : On-site