About this role
Responsible for providing technical support in underwriting and product development in relation to all class of insurance across all distribution channels.
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The Job
Underwriting
· Monitor underwriting standards and ensure they are aligned to the Company’s business strategies and underwriting policies
· Achieve sustainable and profitable underwriting outcome for all products written
· Provide technical support in underwriting for all distribution channels
· Handle underwriting referrals and product enquiries from all distribution channels
· Review policy/clause wordings and maintain the policy wording library
· Review, monitor and management of Fire, Personal Accident and Bond accumulation
· Conduct quarterly underwriting quality review
· Review and update of SOPs, Proposal Forms and underwriting documents
· Run reports and validate accuracy (example: quarterly underwriting performance report, accumulation, premium register, etc)
· Keep up-to-date with market products, pricing and activities in the Personal & Commercial Lines space
Product Development
· To coordinate all stages of product development, from initial concept to finalization and distribution
· To develop or revamp products based on business needs and requirement
· Assist in market competitor analysis (including benefits and pricing comparisons)
· To coordinate the entire product management process including coordinating the review and its submission for approval
· Ensuring the satisfactory completion of post-launch reviews
· Coordinating the Annual Product Review and its submission to Group Product Management and Approval Committee (GPMAC)
Others
· Ensure compliance with all laws, regulatory provisions and Group policies in relation to Company's operations
· Tertiary education or professional insurance qualification
· Minimum 3 years’ working experience in general insurance industry or technical knowledge in underwriting and reinsurance
· Possess analytical and problem-solving abilities, collaboration and communication skills
· Good interpersonal skills
· Proficient in MS Word, Excel and PowerPoint
· Team player and able to work independently
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