Underwriter

1 week ago

Kuala Lumpur, Malaysia Hannover Re Full time

Underwriter

Hannover Re - more than 3,500 employees at locations all over the world. Our strength? Connecting Power: We rely on each other. As a reinsurer, we protect customers in the event of a claim. This requires customised, innovative solutions. Solutions that worked yesterday may be outdated tomorrow. We challenge ourselves and continuously optimise our services, advice and products. All this makes us one of the leading and most profitable reinsurance groups in the world and a reliable employer.

We are currently hiring an Underwriter to join our Property and Casualty Facultative team in Malaysian Branch. This role is to develop and execute a line-of-business level strategy which will drive value creation in line with the branch objectives.

This role reports to Team Lead - Engineering, Energy and Power at the Malaysian Branch.

**You can look forward to**
- Implement and monitor underwriting strategy, policy, guidelines and controls consistent with Group objectives and directives, and consistent with client group focus to set the Company strategy.
- Assure the quality of technical risk reviews and acceptances and stipulation of reinsurance conditions in accordance with underwriting guidelines, authorities, targets and client strategies. This includes in-depth knowledge of all tools and models used in the underwriting process to evaluate underwriting data to make appropriate underwriting decisions within the scope of authority while achieving profitability targets.
- Develop and grow a sustainable book of business and exploit new business potentials through active development of relationships vis-a-vis clients and brokers across regions.
- Build partnerships with relevant businesses (beyond clients and brokers) to understand their strategy, evaluate specific opportunities, gain business sponsorship, and identify specific activities to deliver strategic value to branch's business.
- Develop the strategic plans for their line of business, territory and ensure integration of these plans into an improved annual result, forecast and budget process.

**You come equipped with**
- University degree in any discipline but a discipline related to the line of business would be an advantage, for example civil engineer for property and law for liability.
- Minimum of 5 years' working experience in risk management within insurance or reinsurance industry with a strong background in energy and power underwriting. Proven track record in risk management for industry providers.
- Good in contract wording construction & interpretation
- Technical knowledge of the insurance power industry and its operations
- Power engineering or electrical engineering background would be an advantage.
- Excellent written and verbal communication skills in English are required. Knowledge of any other language is an advantage.
- Good negotiation skills and ability to deliver excellent customer service.
- Strong analytical skills, data literacy and attention to details
- Strong underwriting acumen including an understanding of line of business coverage, risk hazards and policy forms.
- Problem-solving skills and a logical approach to work.

Job ID 1941

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