Political Risk and Credit Insurance Underwriter

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

Job summary

MSIG Singapore is seeking a skilled underwriter to develop and drive the Credit and Political Risks insurance strategy across all distribution channels. You will lead underwriting decisions, referrals to senior management, and cross-functional collaboration to optimize loss ratios and compliance.

The role emphasizes strong digitalization capabilities, portfolio management, and effective liaison with distribution partners to expand market reach.

Qualifications

• Experience in developing and underwriting Credit and Political Risks insurance.
• Familiarity with pricing, referrals, policy wordings and product enhancements is a plus.
• Strong understanding of distribution channels and stakeholder liaison.

Responsibilities

• Develop and implement Credit and Political Risks insurance strategy, initiatives and plans.
• Underwrite and refer to senior approvals when needed.
• Ensure timely responses to market and internal stakeholders.
• Maintain prudent underwriting while balancing business considerations.
• Collaborate with Governance, Reinsurance, Actuarial and Claims teams to manage loss ratios.
• Negotiate, underwrite, and accept accounts within authority guidelines.
• Engage with market and industry stakeholders.
• Ensure compliance with laws, regulations and group policies.

Skills

Digitalisation savviness

Portfolio Management

Distribution channels knowledge

Interpersonal liaison

Education

Tertiary qualification and professional insurance qualifications

Job description

Responsibilities

• Develop and implement Credit and Political Risks insurance business strategy, initiatives and plans; responsible for both the Topline and Bottomline of the segment. This also includes product development, review of policy wordings and underwriting/Treaty guidelines, platform development (if any) and management of distribution of Credit and Political Risks products and services across all distribution channels
• Underwrite and prepare referrals to CEO / MSIG Asia / MSIG USA for approvals, whenever necessary.
• Ensure that reasonable TAT is achieved for response to market / internal stakeholders.
• 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 understanding and appreciation of Credit and Political Risks insurance across the company
• 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 2 years of experience in developing and underwriting Credit and Political Risks insurance business and products or credit analysis, banking, finance, or related fields
• Credit and Political Risks Insurance business and underwriting, pricing, referrals, review of policy wordings and product enhancements
• Digitalisation savviness
• Portfolio Management
• Knowledge of distribution channels structure and good interpersonal liaison with them

Other working arrangements offered : On-site