Responsible to develop Property & Casualty and Motor (Broker) business.
To manage, develop and growth a designated panel of intermediaries by assisting to retain existing business and generate new business opportunities with intermediaries.
Underwrite and accept risks within the Underwriting guidelines and acceptance limit.
Ensure that both target & underwriting growth are met as set out by Head of Section and /or Head of Department
Key Responsibilities include:
To provide quotations and negotiate terms with intermediaries to ensure the hit ratio is within satisfactory level.
Underwrite and accept risks within delegated authority as specified in Underwriting Guidelines, Treaty and Acceptance Limits to achieve effective implementation of business.
To place facultative reinsurance outwards for risks exceeding Treaty capacity, and/or for the purpose of minimizing and spreading risk exposure
To secure Special Acceptance approval from Treaty for potential accounts beyond Income's retention or Treaty's parameter
To assist Motor underwriters in business development for Brokers channel.
To constantly identify intermediaries with potential / business opportunities and build stronger rapport.
To adhere to company rules & regulations, compliance and corporate governance to ensure no breach in daily business activities
Carry out market research by soliciting intermediaries feedback, analyse competitors packages and quotations, in consultation with Head of Section.
To provide technical advice and trainings to intermediaries
To assist and work as a team with the Servicing team in securing the renewal accounts as & when required.
To assist to recruit and set up new broker account as and when required
Submission of instructions including follow-up of documents with Business Processing to ensure that service standard is met
Stand-in for administration works if required
Assist to backup colleagues if they are not available such as leaves & etc
Guide intermediaries on the online Bix system including resolving issues, if any.
Undertake other duties or projects assigned by Head of Section &/or Head of Department
Other competencies and traits:
Good team player and able to interact with both internal and external parties
Able to work under pressure and to make decision by offering solutions
Able to self-motivation to achieve high target set
Reliable and trustworthy person who can deliver when is expected and work within deadlines
Maintain good relationship with colleagues from other sections &/or department to ensure smooth workflow
Strong connection and/or close rapport with intermediaries
Adequate in underwriting and products technical knowledge
Adapts well with constant changes/focus in the company
Familiar with MS Office (Excel, PowerPoint, Word)
Service oriented with excellent communication, interpersonal and presentation skills
Degree/Diploma holder in any field
Candidates with insurance certifications CGI preferred
Have 1 to 2 years of working experience in the Commercial Lines Insurance industry in a similar capacity preferred
