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Property & Casualty Underwriter (Distribution/$6K + AWS) (ID: 678926)

Persolkelly

Singapore

On-site

SGD 60,000 - 80,000

Full time

3 days ago
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Job summary

A leading company in the insurance sector seeks an Underwriter for Property & Casualty business. You will play a crucial role in underwriting processes, ensuring profitability, and managing business relationships. Candidates should have a solid background in insurance underwriting and strong interpersonal skills. This position offers an opportunity to enhance your career in a dynamic environment, addressing the complex needs of the market.

Qualifications

  • 3 years’ experience in P&C insurance underwriting with direct intermediary engagement.
  • Knowledge of insurance operations and underwriting procedures.
  • Good understanding of laws and legislation in the insurance industry.

Responsibilities

  • Underwrite and maintain a profitable book of P&C business.
  • Develop and enhance Pricing Model and establish Market Price.
  • Ensure timely response to intermediaries’ requests.

Skills

Communication
Interpersonal skills
Negotiation
Risk assessment
Business acumen
Attention to detail

Education

ACII
ANZIIF
Degree/Diploma in Insurance

Job description

Assist in underwriting of new and renewal Property & Casualty business of higher technical complexity under underwriting standards and delegated authority levels. Deliver a high-level service standard to the intermediaries, partners and customers with focus of building relationships and promoting the company.

Responsibilities:

  • Develop, maintain, review and enhance appropriate Pricing Model and establish Market Price.

  • Underwrite and maintain a profitable book of P&C business.

  • Ensure Technical Portfolio Management and conduct remediation for underperforming portfolios.

  • Assist the Team Lead to compile, analyze and prepare monthly reports required and present during monthly meetings and business reviews.

  • Assist the Team Lead to develop, maintain, review and enhance Underwriting Manual and Policy Wording.

  • Assist the Team Lead to ensure that the team determines an acceptable pricing and terms, within their underwriting authority and underwriting guidelines, on new business and renewals.

  • Ensure acceptable loss ratio through coordinating account stewardship process, loss control activities, tracking and following up on large claims and related activity as required.

  • Ensure evaluation of facultative reinsurance needs and coordination as necessary within company underwriting and risk control guidelines.

  • Ensure that sanction checks are conducted.

  • Ensure timely and proper passing down of instructions to Policy Administration with the required information / documentation.

  • Stay current on competition, underwriting environment, and market conditions and to share findings and updates with all members of the team as appropriate.

  • Develop, maintain and deepen relationships with intermediaries in support of business retention and acquisition and works with customers and distributors (agents & FAs) to determine their insurance related needs and provide solutions.

  • Maintain service standards by timely response to intermediaries’ requests and timely receipt of collateral and agreements in addition to meeting deadlines on submissions of quotations, certificates and/or policies.

  • Adopt practices to ensure rigorous screening via our KYC process.

Requirements:

  • ACII, ANZIIF or Degree/Diploma in Insurance

  • Preferably 3 years’ experience in Property & Casualty insurance underwriting with direct intermediary engagement / technical underwriting.

  • Good knowledge of insurance operations, underwriting procedures and understanding of policy wordings.

  • Good understanding of risk assessment, laws and legislation in relation to the general insurance industry and specifically within the Property & Casualty field.

  • Good communication with interpersonal and negotiation skills.

  • Good business acumen and detailed oriented.

EA License No.: 01C4394 (PERSOLKELLY Singapore PTE LTD)

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