Head of Aviation Underwriting

Sompo Insurance; Singapore; On-site; SGD 120,000 - 160,000; Full time

Job summary

A leading insurance provider in Singapore is seeking an experienced professional to lead their Aviation line of business (LOB) in the APAC Region. The ideal candidate will manage the aviation insurance portfolio, develop strategies for growth, and foster strong relationships with brokers and clients. Candidates should have a Bachelor's degree and over 10 years of experience in aviation insurance, demonstrating leadership and strategic thinking. This role promises engagement with industry stakeholders and opportunities for innovation in insurance solutions.

Qualifications

• Minimum 10+ years of experience in aviation insurance underwriting, broking, or management roles.
• Demonstrated success in managing large-scale portfolios and delivering profitable growth.
• In-depth knowledge of aviation insurance products and underwriting practices.

Responsibilities

• Develop and implement the overall strategy for the Aviation LOB in the APAC Region.
• Manage the aviation insurance portfolio, ensuring profitability and adherence to underwriting standards.
• Build and maintain strong relationships with brokers, clients, and industry stakeholders.

Skills

Leadership

Analytical skills

Communication

Negotiation

Strategic thinking

Education

Bachelor’s degree in Insurance, Business Administration, Aviation Management, or a related field

Advanced degree preferred

Job description

Key Responsibilities

Strategic Leadership

• Develop and implement the overall strategy for the Aviation LOB in the APAC Region, aligning with the company’s broader objectives.
• Identify growth opportunities and emerging risks in the aviation industry to expand market presence.
• Lead the division in responding to market trends, regulatory changes, and competitive pressures.

Portfolio Management

• Manage the aviation insurance portfolio, ensuring profitability and adherence to underwriting standards.
Ran>Review and implement pricing models, underwriting guidelines, and risk selection frameworks for aviation risks relevant to the APAC Region.
• Monitor portfolio performance and recommend adjustments to improve results while balancing risk exposure.

Business Development

• Build and maintain strong relationships with brokers, clients, and industry stakeholders to drive new business opportunities.
• Represent Sompo at industry events, conferences, and forums to strengthen brand presence in the aviation sector.
• Collaborate with sales and marketing teams to develop targeted campaigns and initiatives for aviation insurance.

Team Leadership

• Lead, mentor, and develop a high-performing team of underwriters and aviation insurance professionals.
• Foster a culture of collaboration, innovation, and continuous improvement within the division.
• Provide training and development opportunities to ensure the team stays ahead of industry developments.

Operational Excellence

• Ensure compliance with internal underwriting guidelines, regulatory requirements, and corporate policies.
• Oversee claims handling processes to ensure prompt and fair resolution of aviation-related claims.
• Drive efficiencies in processes, leveraging technology and data analytics to improve decision-making and operational performance.

Innovation and Risk Management

• Explore innovative insurance solutions, such as parametric policies and digital products, tailored to aviation clients.
• Conduct risk assessments for new and emerging aviation trends (e.g., drones, urban air mobility).
• Collaborate with actuarial and risk management teams to model complex aviation risks.

Qualifications and Skills

Education and Experience

• Bachelor’s degree in Insurance, Business Administration, Aviation Management, or a related field. Advanced degree preferred.
• Minimum 10+ years of experience in aviation insurance underwriting, broking, or management roles.
• Demonstrated success in managing large-scale portfolios and delivering profitable growth.

Technical Skills

• In-depth knowledge of aviation insurance products, underwriting practices, and risk assessment methodologies.
• Familiarity with global aviation regulations, industry standards, and market dynamics.
• Strong analytical skills with the ability to interpret complex data and make informed decisions.

Leadership and Interpersonal Skills

• Exceptional leadership capabilities with experience managing cross-functional teams.
• Excellent communication and negotiation skills to engage with clients, brokers, and stakeholders.
• Strategic thinker with a proactive approach to solving challenges and identifying opportunities.