Accident & Health Pricing Underwriter

Key Objective

·     Main Interfaces: Underwriting and Product Development, Claims Department, Operations and Business Integration, Line of Business Team (Direct Marketing, Travel, Brokerage)

·     Partner, Broker, Agent, Direct Customer

Major Duties and Responsibilities

·     Underwriting Management

• Underwrite New Business case of A&H and approve cases within assigned authority according to the underwriting standard for products such as Travel, Personal Accident, Hospitalization and Critical Illness
• Technical pricing using pre-developed pricing tool or ground pricing
• Oversee and direct submissions to Head of Underwriting or Regional / Global Underwriting for review beyond delegated underwriting authority.
• Ensure all business is underwritten within established Internal Audit Guidelines
• Establish, implement and communicate country underwriting policies and procedures, response timetables and quality standards. 

·     Proactively prepare for account renewal review & sponsor campaigns with marketing staffs. Work with sales staff to identify and produce new products and/or packages to meet current or potential market needs and to generate underwriting profits. Ensure approvals from appropriate regional and regulatory authorities are obtained timely. Initiate account and product reviews with sales staff.

·     Develop and ensure the following underwriting management programs are implemented:

• Loss Control (appropriate use of the available services)
• Quality Control
• Underwriting Plan/Monitoring Control
• Pricing Management (using the Burning Cost Model as appropriate)
• Catastrophe Management
• Portfolio Pricing
• Portfolio Monitoring and Control

·     Train, mentor and guide Underwriters to be technically proficient in underwriting and product development. Initiate and lead in reviewing underwriting proficiency and customer focus efficiency of Underwriters and Underwriting team

·     Liaise with other functional groups to ensure appropriate and timely flow of technical information into and out of the Underwriting Unit: e.g., Finance and Claims.

·     Support the implementation and maintenance of new and existing products

·     Support and Assist Product Development in terms of:

• Rating and Form development and approval
• Review Regulatory Rate Filing and approval management
• U/W Coordination with marketing

Skills

·     Actuarial background / experience with advanced excel skill is required

·     Able to construct P&L

·     Comfortable and effective in verbal and written communications in English.

·     High level of interpersonal and negotiation skills at multiple levels.

·     Experience working within a profit center environment with a mid-size to large multinational company.

·     Able to team lead and provide excellent leadership to the department to drive results

·     Ability to work in a fast-paced growth environment and multi-task, also under pressure

Experience

·     Minimum 5 years of experience in A&H underwriting

·     Minimum 7 years of experience in insurance industry

Qualifications

·     Bachelor’s Degree in insurance or related fields (master’s degree preferred)

·     Solid proficiency of underwriting and insurance industry theories and practices