Underwriter, Personal Lines

Entity: Allianz Insurance Singapore

Within a span of just four years, Allianz Insurance Singapore (AIS) has emerged as the fastest-growing General Insurance company, achieving an unprecedented level of success. Since its inception in Singapore, AIS has consistently doubled its revenue year on year, a testament to its unwavering dedication to excellence. AIS takes great pride in being certified as a Great Place to Work, a reflection of our commitment to fostering a thriving and employee-driven business culture

Description:

The underwriter reports to the Head of Product, Pricing, Motor and is responsible for supporting the company's retail insurance strategy which include motor, individual accident & health, householder & houseowner and EW, to drive sustainable growth and profitability for the company.

Key Responsibilities:

• Underwriting and Risk Management: Adherence to motor underwriting guidelines and risk assessment protocols to deliver sound underwriting practices. Monitor and manage the motor portfolio to maintain an appropriate risk profile and profitability.
• Operation Excellence: Optimize all motor related processes include new business and renewal, to ensure efficiency, quality customer and distributor service, and compliance with regulatory requirements.
• Collaboration: Work closely with cross functional teams, including pricing, sales, claims, policy administration and finance, to ensure adequacy in premium, deliver quality customer and distributors' proposition, exchange relevant insights on motor portfolio and ensure profitable growth of the motor portfolio.
• Market Analysis: Stay updated with market trends, customer preferences, and regulatory changes to anticipate shifts in the industry landscape and make informed underwriting decisions.
• Product Development: Involve in new and revamp of retail products from product design, pricing, crafting policy wordings.

Qualifications and Skills:

• Experience in motor and commercial motor underwriting is a plus. In-depth knowledge of the Singapore insurance market and regulatory requirements is preferred.
• Excellent negotiation and communication skills, both verbal and written, to effectively interact with diverse stakeholders.
• Strong analytical skills and attention to details to maintain a balance between risk management and business profitability.
• A bachelor's degree in business, insurance, actuarial sceinece, finance, or a related field is typically required.
• AI-Skills e.g. ChatGPT and Microsoft CoPilot an advantage.

89666| Underwriting | Professional | Non-Executive | Allianz Singapore | Full-Time | Permanent

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let's care for tomorrow.