Underwrite New Business case of A&H and approve cases within assigned authority according to the underwriting standard
Oversee and direct submissions to Head of Underwriting for review beyond delegated underwriting authority.
Obtain approval by Regional Management or Global Underwriting when appropriate.
Ensure all business is underwritten within established Internal Audit Guidelines
Establish, implement and communicate country underwriting policies and procedures, response timetables and quality standards.
Proactively prepare for account renewal review & sponsor campaigns with marketing staffs. Work with sales staff to identify and produce new products and/or packages to meet current or potential market needs and to generate underwriting profits. Ensure approvals from appropriate regional and regulatory authorities are obtained timely. Initiate account and product reviews with sales staff.
Develop and ensure the following underwriting management programs are implemented:
Loss Control (appropriate use of the available services)
Quality Control
Underwriting Plan/Monitoring Control
Pricing Management (using the Burning Cost Model as appropriate)
Catastrophe Management
Portfolio Planning, including Account Management
Portfolio Pricing
Portfolio Monitoring and Control
Train, mentor and guide Underwriters to be technically proficient in underwriting and product development. Initiate and lead in reviewing underwriting proficiency and customer focus efficiency of Underwriters and Underwriting team
Liaise with other functional groups to ensure appropriate and timely flow of technical information into and out of the Underwriting Unit: e.g., Finance and Claims.
Support the implementation and maintenance of new and existing products
Support and Assist Product Development in terms of:
Rating and Form development and approval
Product library updates
Review Regulatory Rate Filing and approval management
U/W Coordination with marketing
Skills
Comfortable and effective in verbal and written communications in English.
High level of interpersonal and negotiation skills at multiple levels.
Experience working within a profit center environment with a mid-size to large multinational company.
Able to team lead and provide excellent leadership to the department to drive results
Ability to work in a fast-paced growth environment and multi-task, also under pressure
Advanced excel skill and actuarial knowledge / background is plus
Experience
Minimum 5 years of experience in A&H underwriting
Minimum 7 years of experience in insurance industry
Qualifications
Bachelor’s Degree in insurance or related fields (master’s degree preferred)
Solid proficiency of underwriting and insurance industry theories and practices
