Underwriting Manager, Fin Lines

Allianz; Singapore; On-site; Confidential; Full time

Job summary

Allianz Insurance Singapore is seeking an experienced Liability Underwriter to drive sales development for Liability across Brokers, GI agents and IFA channels, and to implement underwriting strategy for Casualty and Financial Lines of P&C in Singapore.

The role covers governance, data quality, risk assessment, pricing, and ensuring policy wordings reflect underwriting intent while driving portfolio profitability and market insights.

Qualifications

• 5+ years of experience in P&C underwriring with brokers, agency and FA business
• Strong local technical underwriting knowledge on liability of commercial P&C in Singapore
• Proven leadership and people management capabilities
• Strong business development skills to originate revenue from Brokers, GI agents and IFA
• Knowledge of policy wordings, underwriting philosophies and pricing mechanisms; AI skills are a plus

Responsibilities

• Establish and manage Liability Underwriting Governance and Operations
• Execute Liability underwriting activities: risk submission, data completeness, risk assessment, pricing, negotiation and binding
• Ensure policy wordings reflect underwriting intentions and comply with risk appetite
• Originate Liability revenues from Brokers, GI agents and IFA
• Analyze portfolio performance and provide recommendations by product and channel
• Monitor KPIs and prepare portfolio reports for decision making
• Provide underwriting trainings to distribution management and intermediaries

Skills

Liability underwriting

Leadership

Business development

Underwriting knowledge

AI skills (ChatGPT, Copilot)

Job description

Entity: Allianz Insurance Singapore

Within a span of just four 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.

Description

The role is responsible for enabling the sales development for Liability in Broker, the GI agent and IFA channels, including the implementation and execution of the underwriting strategy for Casualty and Financial Lines of P&C business in Singapore, driving sustainable growth and profitability for the company.

Key Responsibilities

• Responsible to establish and manage all matters relating to Liability Underwriting Governance and Underwriting Operations
• Manage and execute Liability 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.
• Oversee and ensure all policy wordings reflect the intended underwriting intentions and are in compliance with all necessary Group and local risk appetite.
• Originate Liability revenues from Brokers, GI agents and IFA
• Accountable for the top and bottom line of Brokers, Agents and IFA Liability 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
• Local technical underwriting knowledge on Liability of commercial P&C market in Singapore required
• Strong leadership and people management skills
• 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.

95747 | Underwriting | Professional | Non-Executive | Allianz Singapore | Full-Time | Permanent

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 centre 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 to 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 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.