Senior Underwriter, Cyber - Singapore - XL Catlin

XL Catlin

Verified Company

Singapore

2 weeks ago

Posted by:

Wei Jie

beBee Recruiter

Description

Flexible Work Eligible:
Flexible Work Schedule

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Senior Underwriter, Cyber
Singapore - Hybrid working mode

Represent Company's brand in the market, contribute to developing the Company in the Region and preserve Company's excellent reputation as a business partner and employer.

Responsible for underwriting a profitable book of business for the assigned Class(es) of Business and Region, with a particular focus on cyber, technology and multimedia business.

This is a regulated role under the Central Bank of Ireland's Fitness and Probity regime.

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What will your essential responsibilities include?

Budget/Strategy

Contributes to the direction of the portfolio with the aim to achieve the business plan targets and other goals.
A particular attention will be kept on targeted loss ratios as well as providing input relevant to proactive cycle management.
Monitor periodic actuarial model changes, understanding where the assumptions are driven from and impact on your class of business. Collect and provide specific country and class data to ensure Modelling assumptions are as localised as possible. Continuous monitoring for model consistency, escalating for further review where necessary.

Business Focus

Proactive in marketing Company's appetite and presence.
Develop new business opportunities; implement leading edge products and solutions.
Take part in marketing initiatives with other departments.
Follow up financial results and performance metrics and escalate issues as required.

Leadership and Management

Provide training and development. Actively involved in talent supply.
Actively involved in projects dealing with innovation for business as well as product development.
Ensure regular internal reporting on important market, client and product related developments.

Distribution

Build strong trading relationships with all key brokers and clients.
Regular formal and informal meetings with minutes distributed accordingly as applicable.
Assumes sales leadership for the team, to be individual risk port of call for your key broker/cedant placing teams

Regulatory

Follow relevant procedures and guidelines and ensure compliance with Group and Regional Underwriting Guidelines, with Lloyd's, FSA and appropriate local requirements as well as with other external legal and regulatory requirements.

Reporting / Aggregate Management

Business reporting according to requirements (portfolio and risk analysis, benchmarking information).
Proactively communicate market intelligence

Guidelines

Ascertain top quality and best practice underwriting according to Company's standards and guidelines

In particular, ensure that:
- all risks written by the team are within the normal AXA XL underwriting criteria and maximum line allowable under the underwriting authorities (UWA);
- aggregate exposure is recorded and within limits prescribed in personal and office UWA.

Peer Review

Take active role in the peer review process, acting as referral point at times

Claims

Prompt handover to claims team of all claims advised, supporting and providing input on settlement of claims, as required.
Be aware of the guidelines in place and reporting protocols to follow. In the event of a Nat Cat event or large loss, assessment and reporting is performed as per up to date guideline (as maintained by actuarial team).
Ensure new products and initiatives / Policy enhancements are promptly communicated to claims for planning / coverage evaluation purposes.

Identify and escalate potential need for RI.

Group and Regional Strategic Initiatives

Assist and help as required in the Regional Strategic Initiatives

AXA XL Group policies and procedures

Adhesion to AXA XL policies and procedures as detailed in the latest available Employee Handbook and Group policies. This also includes the prompt notification to the Principal Officer and/or CFO of any change in circumstances including, but not limited to, personal financial irregularities, criminal convictions, fitness and propriety for the role.

You will report to the Underwriting Manager.

SHARE your talent

SHARE your talent
We're looking for someone who has these abilities and skills:

Underwriting: Minimum 10 years + portfolio management
Legal &

Regulatory Knowledge:
Strong knowledge of multi-jurisdictional insurance coverage law and claim regulations in Asia Pacific. High dedication to customer service including professionalism and dip

Strong Collaborator: Develop and maintain productive working relationships with insured, brokers, claim handlers, and legal counsel. Provide guidance and seek input from others as needed to achieve the best result possible.
Strong Communicator: Proven verbal and written communication, collaboration, presentation and influencing skills. Able to communicate effectively with internal and external stakeholders across cultures.
Results