Accident & Health Pricing Underwriter
āļāļĩāđāļāļąāļāļāđ āđāļĨāļāđ āđāļāļŠāļāļąāļ§āļĢāļąāļāļāđ āļāļģāļāļąāļ (āļĄāļŦāļēāļāļ)Office: PARQ
Department: A&H
Date: 2024
Key Objective
- Main Interfaces: Underwriting and Product Development, Claims Department, Operations and Business Integration, Line of Business Team (Direct Marketing, Travel, Brokerage)
- Partner, Broker, Agent, Direct Customer
- Underwriting Management
- 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
Reports to: Head of A&H Underwriting
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
- Minimum 5 years of experience in A&H underwriting
- Minimum 7 years of experience in insurance industry
- Bachelorâs Degree in insurance or related fields (masterâs degree preferred)
- Male, Female age 30-40 years old
- Solid proficiency of underwriting and insurance industry theories and practices
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