Assistant Manager Property and Casualty

Income Insurance Limited; Singapore; On-site; SGD 45,000 - 65,000; Full time

Job summary

A leading insurance provider in Singapore seeks an individual for the role of Underwriter. Responsibilities include developing Property & Casualty and Motor business, underwriting risks, and managing relationships with intermediaries. Candidates should have 1-2 years of experience in the Commercial Lines Insurance sector and possess strong interpersonal and communication skills. A degree or diploma in any field is required, with preferences for candidates holding insurance certifications. This position offers opportunities for growth and performance-driven achievements.

Qualifications

• Candidates should have 1 to 2 years of working experience in the Commercial Lines Insurance industry.
• Strong connection and/or close rapport with intermediaries is essential.
• Adequate understanding of underwriting and product technical knowledge.

Responsibilities

• Develop Property & Casualty and Motor business with intermediaries.
• Underwrite risks within guidelines and limits.
• Provide quotations and negotiate terms with intermediaries.
• Ensure compliance with company rules and regulations.
• Conduct market research and provide technical advice to intermediaries.

Skills

Good team player

Ability to work under pressure

Self-motivation

Strong communication skills

Interpersonal skills

Presentation skills

Familiarity with MS Office

Education

Degree/Diploma holder in any field

Insurance certifications (CGI preferred)

Job description

Description

• Responsible to develop Property & Casualty and Motor (Broker) business.
• To manage, develop and growth a designated panel of intermediaries by assisting to retain existing business and generate new business opportunities with intermediaries.
• Underwrite and accept risks within the Underwriting guidelines and acceptance limit.
• Ensure that both target & underwriting growth are met as set out by Head of Section and /or Head of Department

Key Responsibilities include

• To provide quotations and negotiate terms with intermediaries to ensure the hit ratio is within satisfactory level.
• Underwrite and accept risks within delegated authority as specified in Underwriting Guidelines, Treaty and Acceptance Limits to achieve effective implementation of business.
• To place facultative reinsurance outwards for risks exceeding Treaty capacity, and/or for the purpose of minimizing and spreading risk exposure
• To secure Special Acceptance approval from Treaty for potential accounts beyond Income’s retention or Treaty’s parameter
• To assist Motor underwriters in business development for Brokers’ channel.
• To constantly identify intermediaries with potential / business opportunities and build stronger rapport.
• To adhere to company rules & regulations, compliance and corporate governance to ensure no breach in daily business activities
• Carry out market research by soliciting intermediaries' feedback, analyse competitors' packages and quotations, in consultation with Head of Section.
• To provide technical advice and trainings to intermediaries
• To assist and work as a team with the Servicing team in securing the renewal accounts as & when required.
• To assist to recruit and set up new broker account as and when required
• Submission of instructions including follow-up of documents with Business Processing to ensure that service standard is met
• Stand-in for administration works if required
• Assist to backup colleagues if they are not available such as leaves & etc
• Guide intermediaries on the online Bix system including resolving issues, if any.
• Undertake other duties or projects assigned by Head of Section &/or Head of Department

Other competencies and traits

• Good team player and able to interact with both internal and external parties
• Able to work under pressure and to make decision by offering solutions
• Able to self-motivation to achieve high target set
• Reliable and trustworthy person who can deliver when is expected and work within deadlines
• Maintain good relationship with colleagues from other sections &/or department to ensure smooth workflow
• Strong connection and/or close rapport with intermediaries
• Adequate in underwriting and products technical knowledge
• Adapts well with constant changes/focus in the company
• Familiar with MS Office (Excel, PowerPoint, Word)
• Service oriented withexcellent communication, interpersonal and presentation skills
• Degree/Diploma holder in any field
• Candidates with insurance certifications CGI preferred
• Have 1 to 2 years of working experience in the Commercial Lines Insurance industry in a similar capacity preferred