Chubb life Assurance Co., Ltd.
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Accident & Health Pricing Underwriter
atChubb life Assurance Co., Ltd.Position Title: Accident & Health Underwriting Manager (Pricing)
Office: PARQ
Department: A&H
Date: 2024
Key Objective
Reports to: Head of A&H Underwriting
Skills
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
Qualifications
- Bachelor’s Degree in insurance or related fields (master’s degree preferred)
- Male, Female age 30-40 years old
- Solid proficiency of underwriting and insurance industry theories and practices
Skills required
- Product Development
- Internal Audit
- Finance
- English (Fair)
Experience required
- 5 years
Skills optional
- Negotiation
- Excel
Salary
- Negotiable
Job function
- Medical / Health Care
Job type
- Full-time
Age preferred
- From 30 to 40
Company overview
Size:2000-5000 employees
Industry:Insurance
Location:Bangkok
Website:www.acegroup.com/th-th/
Founded in:2001
Ranking:4.5/5
The insurance companies of Chubb serve multinational corporations, mid-size and small businesses with property and casualty insurance and services; affluent and high net worth individuals with substantial assets to protect; individuals purchasing life, personal accident, supplemental health, homeown ... Read more
Why join us: At ACE, we recruit people who will contribute to the growth and success of the company and focus on meeting customers' needs. We are committed to developing all our employees and to ensuring they are satisfied in their work at ACE, which is one of the world’s leading insurance companies. We are a ... Read more
Head office: Sinsatorn tower
Benefits
- Pension Fund
- Professional development
- Five-day work week
- Social Security
- Job training
- Learning & Development Opportunities
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