COMPANY DESCRIPTION
A leading general insurer with a local presence of over 100 years, MSIG Singapore offers an extensive range of insurance solutions for commercial and personal risk protection, enabling the security and safety of individuals and businesses. MSIG Singapore holds an A+/Stable financial rating by Standard & Poor's.
A testament to its growing strength and influence, MSIG Singapore has garnered numerous awards for delivering digitally innovative and customer-centric solutions. In 2023, 2022 and 2020, MSIG Singapore was awarded Insurance Asia Awards Claims Initiative of the Year.
MSIG is a subsidiary of Mitsui Sumitomo Insurance Co., Ltd, and a member of the MS&AD Insurance Group - one of the largest general insurance groups in the world with presence in 50 countries and regions globally, 18 of which are in Asia Pacific including all ASEAN markets as well as in Australia, New Zealand, China, Hong Kong, Taiwan, South Korea and India. Headquartered in Japan, MS&AD is amongst the top non-life insurance groups in the world based on gross revenue.
RESPONSIBILITIES
- Develop and implement Credit and Political Risks insurance business strategy, initiatives and plans responsible for both the Topline and Bottomline of the segment. This also includes product development, review of policy wordings and underwriting/Treaty guidelines, platform development (if any) and management of distribution of Credit and Political Risks products and services across all distribution channels
- Underwrite and prepare referrals to CEO / MSIG Asia / MSIG USA for approvals, whenever necessary.
- Ensure that reasonable TAT is achieved for response to market / internal stakeholders.
- Ensure that prudent technical underwriting is conducted as well as balancing the business aspects of securing the accounts.
- Collaborate with Governance, Reinsurance, Actuarial and Claims teams to manage loss ratios
- Negotiate, underwrite, accept all accounts within Risk Acceptance Authority/Risk Acceptance Guide
- Develop understanding and appreciation of Credit and Political Risks insurance across the company
- Market engagements with the industry
- Ensure compliance with all laws, regulatory provisions and Group policies as are relevant to the role
- Undertake any other duties as may be assigned
QUALIFICATIONS- Tertiary qualification and professional insurance qualifications
OTHER INFORMATION- At least 2 years of experience in developing and underwriting Credit and Political Risks insurance business and products or credit analysis, banking, finance, or related fields
- Credit and Political Risks Insurance business and underwriting, pricing, referrals, review of policy wordings and product enhancements
- Digitalisation savviness
- Portfolio Management
- Knowledge of distribution channels structure and good interpersonal liaison with them
Please note that your application will be sent to and reviewed by the direct employer - MSIG Insurance (Singapore) Pte Ltd
