Senior Underwriter, Motor

ALLIANZ INSURANCE SINGAPORE PTE. LTD.; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading insurance company in Singapore seeks a senior motor underwriter to drive its motor insurance strategy, manage risk, and ensure profitability. The ideal candidate will leverage 8-10 years of experience and strong analytical skills to succeed in a collaborative environment, contributing to the company's growth and market presence.

Qualifications

• Minimum 8-10 years of experience in motor and commercial motor underwriting.
• Knowledge of Singapore insurance market and regulatory requirements.
• Excellent negotiation and communication skills.

Responsibilities

• Adhere to motor underwriting guidelines and risk assessment protocols.
• Optimize motor-related processes for efficiency and compliance.
• Collaborate with cross-functional teams for profitable growth.

Skills

Negotiation

Communication

Analytical skills

Attention to detail

Education

Bachelor's degree in business, finance, or related field

Job description

Within a span of just five years, Allianz Insurance Singapore (AIS) has emerged as the fastest-growing General Insurance company, achieving an unprecedented level of success. Since its inception in Singapore, AIS has consistently doubled its revenue year on year, a testament to its unwavering dedication to excellence.

AIS takes great pride in being certified as a Great Place to Work, a reflection of our commitment to fostering a thriving and employee-driven business culture.

Role:

The senior motor underwriter reports to the Head of Motor and is responsible for driving the company’s motor insurance strategy which include retail motor, commercial motor and motor fleet, to drive sustainable growth and profitability for the company.

Responsibilities:

• Underwriting and Risk Management: Adherence to motor underwriting guidelines and risk assessment protocols to deliver sound underwriting practices. Monitor and manage the motor portfolio to maintain an appropriate risk profile and profitability.
• Operation excellence: Optimize all motor related processes include new business and renewal, to ensure efficiency, quality customer and distributor service, and compliance with regulatory requirements.
• Collaboration: Work closely with cross functional teams, including pricing, sales, claims, policy administration and finance, to ensure adequacy in premium, deliver quality customer and distributors’ proposition, exchange relevant insights on motor portfolio and ensure profitable growth of the motor portfolio.
• Market Analysis: Stay updated with market trends, customer preferences, and regulatory changes to anticipate shifts in the industry landscape and make informed underwriting decisions.
• Partnership Development: Foster relationships and partnerships with relevant stakeholders such as key distributors and automotive industry players, to expand market reach and develop the motor insurance business.

Requirements:

• A minimum of 8-10 years of experience in motor and commercial motor underwriting. In-depth knowledge of the Singapore insurance market and regulatory requirements.
• Excellent negotiation and communication skills, both verbal and written, to effectively interact with diverse stakeholders.
• Strong analytical skills and attention to details to maintain a balance between risk management and business profitability.
• A bachelor's degree in business, finance, or a related field is typically required.

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. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.

We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.

Great to have you on board. Let's care for tomorrow.