Senior Underwriting Specialist

Income Insurance Limited; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

Income Insurance Limited in Singapore is seeking a Senior Underwriter / Senior Executive – NB UW to assess and underwrite life and health insurance applications, including new business and policy servicing.

You will explain underwriting decisions to sales channels, provide service support, liaise with reinsurers on complex cases, and sign off underwriting letters. A diploma or degree is required; degrees in Insurance or Biomedical/Life Science are a plus.

Qualifications

• Underwriter role in life and health insurance; assess and underwrite applications.
• Explain underwriting decisions to sales channels and provide guidance.
• Liaise with sales teams and reinsurers on complex cases or treaty limits.
• Sign off on underwriting requirement letters and special terms letters.

Responsibilities

• Assess and underwrite life and health insurance applications (new business and policy servicing) and decide if the risk can be accepted.
• Explain underwriting decisions and requirements to the sales channels.
• Provide service support and liaison for the sales channels.
• Assist the sales channels on their queries related to underwriting requirements and underwriting decision.
• Liaise with reinsurers on complex cases or refer cases to reinsurer if sum at risk exceeds treaty limits.
• Check and sign off underwriting requirement letters and special terms letters prior to release.
• To be involved in adhoc duties or projects related to underwriting.

Skills

Communication skills

Team player

Ownership

Results-driven

Education

Diploma or degree

Degree in Insurance or Biomedical Science or Life Science advantageous

Job description

Senior Underwriter / Senior Executive – NB UW

• Assess and underwrite life and health insurance applications (new business and policy servicing) and decide if the risk can be accepted
• Explain underwriting decisions and requirements to the sales channels
• Provide service support and liaison for the sales channels
• Assist the sales channels on their queries related to underwriting requirements and underwriting decision
• Liaise with reinsurers on complex cases or refer cases to reinsurer if sum at risk exceeds treaty limits
• Check and sign off underwriting requirement letters and special terms letters prior to release
• To be involved in adhoc duties or projects related to underwriting

Requirements:

• At least a diploma or degree
• A degree in Insurance or Biomedical Science or Life Science would be an added advantage
• At least 5 years of experience in life and health underwriting
• Experience in Singapore life insurance market will be preferred
• Good written and verbal communication skills
• Team player with good interpersonal skills
• Committed, take ownership and results-driven