Underwriter, Casualty

Liberty in Asia Pacific; Singapore; On-site; SGD 60,000 - 100,000; Full time

Job summary

Liberty in Asia Pacific seeks an experienced Casualty Underwriter to contribute to growth and profitability through underwriting, marketing, and management of standard risk products. The role emphasizes broker and client relationships, pricing discipline, and cross-functional collaboration with claims, risk management, and IT teams.

The successful candidate will review and rate new business and renewals, develop selling strategies, and ensure timely premium collection and policy documentation.

Qualifications

• Previous relevant experience in a similar role with a broker or insurance company specializing in Casualty insurance products.
• Excellent working knowledge of PC based systems and applications such as Outlook, Microsoft Word, Excel, PowerPoint and database systems for managing contacts, schedules and calendars is required.
• Tertiary qualifications in a related discipline would be desirable.

Responsibilities

• Establishing and maintaining strong relationships with brokers and clients to facilitate marketing, sale and training of Liberty brand and products.
• Reviewing, rating and underwriting target new business and renewal business in line with Liberty’s quality selection and adequate pricing guidelines.
• Developing and executing selling and negotiation strategies to ensure profitability of assigned specialty product line(s).
• Ensuring brokers and clients receive a high level of underwriting service that differentiates Liberty from competitors.
• Coordinating with claims, risk management and other stakeholders to promote Liberty’s integrated business approach.

Skills

Relationship building

Underwriting

Negotiation

Communication

Market knowledge

Education

Tertiary qualifications in related discipline

Tools

Microsoft Office

Database systems

Job description

Under general supervision, the Underwriter role contributes to the growth and profitability of the Casualty line of business through marketing, underwriting and managing of products and services of standard risks. Some risks may require special handling or unusual coverage. Demonstrates functional technical knowledge of underwriting concepts, practices, procedures and techniques to include coverage issues, product lines, marketing, relevant systems and competition in the marketplace.

Responsibilities:

• Establishing and maintaining strong relationships with brokers and clients to facilitate the marketing and sale and training of the Liberty brand and products.
• Reviewing, rating and underwriting target new business and renewal business in line with Liberty’s quality
• selection and adequate pricing guidelines.
• Developing and executing selling and negotiation strategies to ensure contribution to the profitability of assigned specialty product line(s).
• Ensuring that brokers and clients receive a high level of underwriting service that differentiates Liberty from its competitors.
• Ensuring premium payments are received and discrepancies investigated in a timely manner by referring to Debtors report from Finance department.
• Managing facilities to ensure growth and retention.
• Communicating with other product line Underwriters in order to leverage cross-selling opportunities and deliver a complete service to the broker and client.
• Providing input into product development and marketing plans including market research, competitor analysis, product design and geographic/segment focus.
• Reviewing and negotiating policy terms and conditions including assisting with the production of manuscript facility policy wordings and endorsements.
• Participating in the execution of marketing plans including representing Liberty at industry social events, conferences and other relevant market related presentations.
• Providing input into the financial and strategic planning process relative to the product line.
• Building the Liberty Brand and own profile within the market.
• Working closely with claims department, risk management and all other key internal stakeholders to promote Liberty’s “integrated business unit approach” and ensure seamless delivery of underwriting services.
• Liaise with Business Operations and Compliance regarding streamlining administrative processes and creating efficiencies.
• Coordination of and administering workflow via Processing Services Team (PST).
• Managing and maintaining the Online Quotation System and Certificate Issuance System.
• Liaising with other Business Units such as IT in assessing systems for handling facility business.
• Reviewing broker agency facility agreements and binders.
• Articulating Liberty’s value proposition and testing rating elasticity during the underwriting process.
• Providing input into the financial and strategic planning process relative to the product line.
• Acting as a referral point to other relevant employees within the department.
• Providing technical training and guidance to underwriters/assistant underwriters & underwriting assistants.
• Contributing to an effective team environment by interacting professionally with all team members and providing developement, support and assistance as required.
• Demonstrating behavior at all times in line with the Liberty core values.
• Updating and maintaining various logs and preparing reports as required.
• Participating in audits as required.
• Ensuring compliance with all legal, statutory and corporate affairs requirements on a timely basis.
• Taking responsibility and showing initiative in the development of your technical and soft skills.
• Continuing to seek improvement of the product and of self by the continuous improvement of practices and processes.
• Performing other related duties as assigned by your manager or other appropriate officer.
• Managing broker referrals.
• Reviewing binder agreements.

Requirements:

• Previous relevant experience in a similar role with a broker or insurance company specializing in Casualty insurance products.
• Excellent working knowledge of PC based systems and applications such as Outlook, Microsoft Word, Excel, PowerPoint and database systems for managing contacts, schedules and calendars is required.
• Tertiary qualifications in a related discipline would be desirable.