Key Objective
This position is responsible for :-
- Evaluate risks and underwrite new and renewal business for the Corporate Book, Accident & Health segments in accordance with underwriting guidelines, emphasizing growth and profitability.
- Assist in monitoring the Accident & Health portfolio to ensure that underwriting performance aligns with financial targets.
Major duties and responsibilities :-
Underwriting
- Completes assignments of moderate to high complexity while working within delegated authority.
- Offers technical underwriting support and guidance to customers and distributors, ensuring exceptional customer service at all times.
- Fosters strong relationships with internal and external distributors by consistently requesting appropriate evidence, making informed decisions, and clearly explaining rating outcomes.
- Addresses a variety of queries and referrals within established authority limits, assessing exposure and analyzing risk for each case to uphold underwriting standards.
Product Development
- Assist in managing product development entire life cycle from product idealization, concept, creation to launch, including policy documentation and marketing materials within the approved product governance framework.
- Collaborate with various stakeholders, such as legal, compliance, vendor, IT and distribution channels for product roll out.
- Work with Product Leaders and Distribution channels to develop marketing strategies and plans for product development including working with Marketing/Corporate Communications on Marketing collaterals and new product launches.
- Maintain proper documentation of all relevant internal/external analysis conducted and information used in the product development, pricing, and approval signoffs.
- Create a system and process for ensuring appropriate post implementation/post launch monitoring of new products in line with the regulatory and Company guidelines.
- Prepare product documentation for submission to PIAM and/or BNM where necessary.
Market intelligence
- Responsible for market research of competitors’ products and trends within the industry.
- Provide recommendations and input on strategic product opportunities.
- Maintain awareness of industry trends on regulatory compliance, emerging threats, and appropriate steps to mitigate the risks.
Skills
- Good Analytical, written and communication skills
- Highly driven and independent
- Competent knowledge of Microsoft Office Applications and relevant knowledge in IT core system functionalities
Experience
- At least 2-3 years of working experience in general insurance
- Experience in project management including involvement in the creation of new insurance products to the market
Qualifications
- Degree in any discipline, preferably Actuarial Science
- AMII/ACII or equivalent insurance qualifications