Senior Underwriter

Allianz Insurance Singapore; Singapore; On-site; SGD 120,000 - 190,000; Full time

Job summary

Allianz Insurance Singapore (AIS) is seeking an experienced Underwriting lead to manage the MidCorp Multiline portfolio and drive the sales development for commercial lines across distribution channels in Singapore.

You will implement and execute underwriting strategy for P&C LOBs and multinational programs, monitor performance with KPIs, and collaborate with local offices to expand multinational offerings and ensure profitability.

Qualifications

• 5+ years of experience in the P&C industry with brokers, agency and FA business.
• 2+ years of experience in Liability Multinational programs preferred.
• Local technical underwriting knowledge on commercial P&C market in Singapore required.
• Strong business development capabilities.
• Thorough technical understanding of clauses, policy wordings, underwriting philosophies and pricing mechanisms.
• AI skills e.g. ChatGPT and Microsoft CoPilot an advantage.

Responsibilities

• Manage underwriting activities: risk submission, data completeness, risk assessment, coverage structure and design, rating and pricing, negotiation and binding.
• Develop multinational programs and coordinate with local offices for LAP placements.
• Enhance Multinational Program offerings to achieve profit and growth objectives.
• Ensure policy wordings reflect underwriting intents and risk appetite across Group and local requirements.
• Originate commercial lines revenue from Brokers, GI agents and IFA.
• Analyze portfolio performance and provide recommendations by product and channel.
• Monitor KPIs and prepare reports/analysis to support portfolio decisions.
• Provide underwriting trainings to distribution management and intermediaries.

Skills

P&C underwriting

Business development

Policy wordings

AI tools (ChatGPT)

Job description

Entity: Allianz Insurance Singapore
Allianz Insurance Singapore (AIS) has established itself as one of the fastest-growing General Insurance companies in the market, achieving remarkable success since its inception. Through a strong commitment to excellence, innovation, and customer focus, AIS has consistently delivered outstanding business growth. We are also proud to be certified as a Great Place to Work, reflecting our dedication to fostering a positive, inclusive, and employee-driven culture where our people can thrive.

Entity: Allianz Insurance Singapore
Allianz Insurance Singapore (AIS) has established itself as one of the fastest-growing General Insurance companies in the market, achieving remarkable success since its inception. Through a strong commitment to excellence, innovation, and customer focus, AIS has consistently delivered outstanding business growth. We are also proud to be certified as a Great Place to Work, reflecting our dedication to fostering a positive, inclusive, and employee-driven culture where our people can thrive.

Description

The role is responsible for managing MidCorp Multiline portfolio and enabling the sales development for commercial lines in all distribution channels, including the implementation and execution of the underwriting strategy for P&C LoBs and multinational programs in Singapore, driving sustainable growth and profitability for the company.

Key Responsibilities

• Manage and execute Underwriting activities in an efficient and effective manner including: risk submission; completeness of data; analysis and assessment of the risk; coverage structure and design; rating and pricing; negotiation and binding.
• Work with the team to develop multinational programs.
• Leverage and enhance the Multinational Program offering to achieve profit and growth objectives.
• Facilitate LAP placements (both renewals and new businesses) with other local offices within Allianz Group.
• Ensure all policy wordings reflect the intended underwriting intentions and are in compliance with all necessary Group and local risk appetite.
• Originate commercial lines revenues from Brokers, GI agents and IFA
• Accountable for the top and bottom line of Brokers, Agents and IFA commercial lines segment, analysing product portfolio for opportunities and provide recommendations by product and channel
• Perform comprehensive product performance monitoring/controlling along key KPIs. Prepare reports/analysis on portfolio development to support portfolio management decisions. Prepare ad-hoc analysis based on needs of portfolio managers and other stakeholders.
• Establish robust portfolio monitoring KPIs to enable holistic analysis of portfolio performance
• Analyse and monitor underwriting performance of individual products and distribution channels in the portfolio.
• Drive and follow through necessary corrective action items to improve quality of portfolio and product profitability
• Establish the key strategy of core portfolios, across product optimisation & proposition, channel collaboration & expansion, and internal underwriting & claims efficiency
• Provide insights on local market trends and developments
• Provide underwriting trainings to both distribution management and intermediaries

Qualifications And Skills

• 5+ years of experience in the P&C industry with brokers, agency and FA business
• 2+ years of experience in the Liability Multinational programs preferred
• Local technical underwriting knowledge on commercial P&C market in Singapore required
• Strong business development capabilities
• Thorough technical understanding of clauses, policy wordings, underwriting philosophies and pricing mechanisms.
• AI-Skills e.g. ChatGPT and Microsoft CoPilot an advantage.

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges is what makes us a unique employer. We are united by a shared commitment: to put our customers first and at the center of everything we do. Their needs inspire our thinking and guide our actions. Together, we can build an environment where everyone feels empowered and confident to explore, grow and shape a better future – for our customers and for the world around us.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion and trust are at the heart of our culture. We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let's care for tomorrow.

Note: Having different strengths, experiences, perspectives and approaches is an integral part of Allianz‘ company culture. One means to achieve this is a regular rotation of Allianz employees across functions, Allianz entities and geographies. Therefore, Allianz expects from its employees a general openness and a high motivation to regularly change positions and collect experiences across Allianz Group.