Property and Casualty Underwriter

5 STONES HRM PTE. LTD.; Singapore; On-site; SGD 80,000 - 100,000; Full time

Job summary

A leading insurance firm in Singapore is seeking a senior professional to develop and implement Property & Casualty business strategies. The ideal candidate will possess a tertiary qualification and professional insurance qualifications, with at least 6 years of experience in developing and underwriting commercial insurance products. Responsibilities include collaborating with various teams to manage loss ratios and ensuring compliance with relevant regulations. This role offers an opportunity to influence the P&C segments' topline and bottomline.

Qualifications

• At least 6 years of experience in a senior / head level developing and underwriting Commercial insurance business and products.
• Knowledge of Singapore P&C market.
• Ability to negotiate, underwrite, and accept accounts.

Responsibilities

• Develop and implement Property & Casualty business strategy and initiatives.
• Collaborate with Governance, Reinsurance, Actuarial and Claims teams to manage loss ratios.
• Ensure compliance with laws and regulatory provisions.

Skills

Commercial Insurance business and underwriting

Portfolio Management

Digitalization savviness

Interpersonal liaison with distribution channels

Education

Tertiary qualification and professional insurance qualifications

Job description

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 BUs on referral accounts and prepare referrals to MA / HO / Treaty / CEO for approvals
• Ensure that reasonable TAT is achieved for the account to be replied to the BUs
• 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 RAA / RAG
• Develop and mentor other more junior underwriters / BUs 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
• 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 P&C market