Senior Underwriter, Liability

Job Purpose / Role: 

This role is based in Singapore. You are responsible for underwriting profitable new and renewal business to meet Liability Line of Business (LoB) targets locally/regionally. You will take ownership of accounts/clients, including negotiation of participation, pricing, and terms and conditions. You will also develop and maintain strong relationships with brokers and clients. 

Key Responsibilities: 

Underwrite Profitable Business 

• Underwrite new and renewal accounts to meet top and bottom line targets (local and/or regional). Negotiate participation, pricing, and terms and conditions with brokers. 

• Underwrite International Insurance Programs (for relevant LoBs). 

• Proactively manage capacity. 

Underwriting Approach and Compliance 

• Underwrite in line with LoB governance framework – e.g. Underwriting Authorities, global MSU, Underwriting Guidelines, Rules and Principles. 

• Ensure contract certainty is achieved on all accounts at time of inception. 

• Ensure utilization of global pricing tools. 

• Ensure oplacing and binding of PAC Reinsurance prior to policy inception. 

Policy Documentation and Administration 

• Ensure accurate policy documentation issued to broker (where Allianz Commercial responsibility to do so) or broker has issued documentation (where broker responsibility). 

• File maintenance – ensure file is established (where electronic or paper) and maintained for each risk and transaction handled. 

• Proactively support completion of policy administration and credit control processes. 

Supporting Underwriting Strategy & Leadership 

• Support development and execution of regional Underwriting strategy for LoB regionally. 

• Training, developing and coaching of less experienced staff (including junior underwriters, operations, credit control). 

Market Management 

• Proactively support acquisition of new business and retention of existing business (including broker and client negotiations where necessary). 

• Proactively liaise with Distribution Management team on market management initiatives. 

Relationship Management 

• Positively represent Allianz Commercial externally to the market. 

• Proactively drive involvement of functional areas in Underwriting process, including e.g. Distribution Management, Risk Consulting, Claims and Operations. 

• Develop and maintain strong relationships with key brokers and clients and other relevant stakeholders. 

Key Experience / Requirements / Skills: 

Required Experience 

• Proven track record in Underwriting profitable business in the Liability LoB. Candidates with good understanding of LoB products and portfolio in the Pharmaceutical sector preferred. 

• Demonstrable, established relationships with brokers at peer group level and established within market. 

• Good understanding of regional / local LoB insurance markets and competitor landscape. 

• Understanding of legal and regulatory framework. 

• Experience working in complex, global matrix organization. 

Required Education 

• Preferably a degree in Business Management, Actuarial, Insurance/Risk Management or other appropriate discipline. 

• Completion of professional insurance qualification (e.g. CII). 

Technical Skills 

• Risk Assessment and Management: Ability to assess risk inherent exposures and natural hazards relevant to LoB. 

• Pricing and Market Management: Analyze current performance against benchmarks applying how the market operates and functions, the business needs and customer needs. 

• Contract Drafting and Interpretation: Design, develop and implement consistent, robust wordings. 

• Policy Management: Robust understanding of policy administration life cycle, information collection, policy issuance, premium bookings, credit control, cancellation. 

• The ability to utilize AI tools to support day-to-day tasks, improve efficiency, and contribute to data-driven decision-making is valuable. 

General Skills 

• Communication & Presentation: Ability to express ideas and messages clearly, both written and verbally.  Ability to "sell" an improvised or prepared audience winning story. 

• Influencing skills: Ability to persuade and motivate others to act, without executive authority. 

• Analytical Skills: Ability to analyze highly complex data, from multiple sources, in detail; identify and resolve issues before they transpire. 

• Fluent in English. Fluency in any other local language is a plus.