Property and Casualty Underwriter

5 STONES HRM PTE. LTD.; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading insurance firm in Singapore is seeking an experienced professional to develop and implement strategies for their Property & Casualty business. The ideal candidate will have over 6 years of experience in commercial insurance underwriting, strong interpersonal skills, and a deep understanding of the Singapore P&C market. Responsibilities include product development, compliance management, and mentoring junior staff. This role requires a tertiary qualification and professional insurance credentials.

Qualifications

• At least 6 years of experience in a senior or head level role developing and underwriting Commercial insurance business.
• Knowledge of distribution channels structure and good interpersonal liaison with them.
• Knowledge of the Singapore P&C market.

Responsibilities

• Develop and implement Property & Casualty business strategy and plans.
• Liaise with BUs on referral accounts and manage account approvals.
• Ensure compliance with all laws and regulations relevant to the role.

Skills

Commercial Insurance business and underwriting

Digitalization savviness

Portfolio Management

Good interpersonal skills

Education

Tertiary qualification and professional insurance qualifications

Job description

Overview

Job responsibilities include developing and implementing 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.

Responsibilities

• 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