Insurance Underwriter

2 days ago


Kuala Lumpur, Kuala Lumpur, Malaysia American International Group Full time

About the Role

As a seasoned insurance professional, you will play a pivotal part in developing insurance solutions that address the exposures of companies and individuals. Your expertise will be instrumental in bringing groundbreaking insurance solutions to market, catering to the evolving needs of our customers.

Key Responsibilities:

  • Develop and implement sales strategies, product development, pricing, planning & coordinate marketing activities with distribution channels.
  • Provide comprehensive product training for all channels, including SME risk appetite and identify areas for growth.
  • Contribute to the overall strategic direction and development of the SME portfolio, review of electronic trading platform (Transact) business rules and rating algorithm, and improvements in operational efficiency.

Performance Metrics:

  • Execute and measure performance of distribution channels assigned (Agents & Brokers) to achieve business targets. Expected hit ratio of 60% on new business and retention ratio of 86% for the renewals.
  • Assist HOD with the development and roll-out of any new products.
  • Work closely with Corporate Communication and Legal to coordinate all marketing and communication activities, materials, and collaterals in conjunction with any new products launched.
  • Lead and coordinate UAT activity for the department.
  • Responsible for underwriting and portfolio management of the department. Quarterly review of business rules and recommend areas of improvement.
  • Assist HOD on any other ad-hoc tasks, assignments, projects, reports, presentation, training, marketing & communication materials for the department.

Requirements:

  • Bachelor's degree
  • AMII or ACII (Added advantage)
  • 5 years + in the insurance industry specifically Commercial Insurance
  • Competencies Required: Problem solving, Decision making, Analytical, Communication, Initiative


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