Executive / Officer, Underwriting (Raffles Health Insurance)

Raffles Medical Group Ltd; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

Raffles Medical Group Ltd in Singapore is seeking an experienced Insurance Underwriter to assess health insurance applications, determine risk, and set terms. The role involves examining applications, coordinating with medical information, and ensuring timely processing.

You will review underwriting criteria, discuss complex cases with senior underwriters, and provide guidance across departments. A diploma or degree and at least four years in insurance or healthcare are required, with strong

Qualifications

• Must have strong communication and interpersonal skills.
• Ability to analyze information and assess risk.
• Detail-oriented with ability to multi-task and meet deadlines.

Responsibilities

• Underwrites health insurance products and assesses applicant insurability.
• Reviews applications against policy terms and criteria.
• Coordinates with medical information and prepares underwriting decisions.
• Discusses complex cases with senior underwriter/clinical director and supports related departments.

Skills

Communication skills

Interpersonal skills

Attention to detail

Multi-tasking

Education

Diploma / degree in any discipline

Job description

Overview:

Underwriter is responsible for defining the specific terms of the insurance policy that is agreed upon. On a day to day basis, an insurance underwriter will examine insurance applications, conduct extra research, collect background information and make risk assessment. Underwriter is responsible in reviewing insurance applications and screens them based on the criteria of the specific terms of the insurance policy that is agreed upon. Underwriter will analyze the risks associated with applications and ensure that it meets the minimum criteria.

MAJOR DUTIES AND RESPONSIBILITIES

• Underwrites health insurance products such as Term Life, Critical Illness, Hospitalisation & Surgery, and Outpatient etc.
• Assess applicant insurability by analyzing information in the application, screen applicants on the basis of set criteria, determine the risk of insuring an applicant, and decide special terms of exceptions.
• Prepare documents to obtain additional information, make arrangement for applicant to undergo medical examination etc.
• Summarize medical reports received provided.
• Propose underwriting decision.
• Discuss with Senior Underwriter / Clinical Director for complicated cases.
• Provide advice, when required, to colleagues from other departments.
• Work closely with related departments to ensure that insurance applications are processed timely and accurately.
• Miscellaneous duties and administrative support as required for research & data analysis pertaining to underwriting

JOB REQUIREMENTS

• Diploma / degree in any discipline
• Minimum 4 years of relevant experience in Insurance or Healthcare.
• Sound understanding of underwriting concept.
• Possess good communication and interpersonal skills
• Positive, patient, organized, reliable personal
• Meticulous and keen in details.
• Ability to work independently as well as in a team.
• Ability to multi-task and complete tasks within specified timeline.
• Result driven and self-motivated.
• Able to handle a dynamic environment, flexible and open to changes.
• Keen learner.

We regret that only shortlisted candidates will be contacted.