Senior Underwriting Specialist

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

Job summary

A reputable insurance company in Singapore is looking for an Underwriter to assess and underwrite life and health insurance applications. The role requires at least 5 years of experience in the field, preferably within the Singapore life insurance market. Candidates should possess a diploma or degree, with additional qualifications in Insurance or Life Sciences being advantageous. Strong communication skills and the ability to work well in a team are essential. This position offers an opportunity to impact decision-making in underwriting.

Qualifications

• Minimum 5 years of experience in life and health underwriting.
• Experience in Singapore life insurance market preferred.

Responsibilities

• Assess and underwrite life and health insurance applications.
• Explain underwriting decisions and requirements to the sales channels.
• Provide service support and liaison for the sales channels.
• Assist the sales channels with underwriting queries.
• Liaise with reinsurers on complex cases.

Skills

Good written and verbal communication skills

Team player

Interpersonal skills

Ownership and results-driven

Education

Diploma or degree in a relevant field

Degree in Insurance or Biomedical Science or Life Science

Job description

• 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