Job Title: Underwriter - Casualty and Financial Lines UW & Product Development
Report to: Head of Casualty and Financial Lines UW & Product Development
Job Overview:
The candidate will be responsible for underwriting and product development for all Casualty insurance products, including Public Liability, CGL, Product Liability, Recall, D&O, PI, Cyber and Financial Institutions, across all channels such as Corporate Direct, international and local brokers both direct and assumed reinsurance, including cedants. The role includes underwriting, regional referral, facultative reinsurance and ensuring that all the products remain competitive and comply with both internal and external regulations. The candidate will also be required to collaborate with various departments, including but not limited to Commercial Distribution, Commercial Claims, Reinsurance, to support the growth and profitability of the business.
Key Responsibilities:
1.Underwriting Leadership:
- Support the underwriting team in evaluating and assessing risks for all Casualty and Financial Lines insurance products, including Public Liability, CGL, Product Liability, Recall, D&O, PI, Cyber and Financial Institutions insurance products.
- Implement the underwriting guidelines, policies, and procedures.
- Ensure underwriting decisions are made in a timely and accurate manner.
- Monitor the performance of the current portfolio and implement strategies to improve profitability.
2.Collaboration and Communication:
- Collaborate with Commercial Distribution, Commercial Claims, Reinsurance to drive the growth and profitability of the insurance business.
- Communicate product and underwriting strategies to internal and external stakeholders.
- Provide insights and recommendations to Head of Product Lines regarding product performance and market opportunities.
- Collaborate with legal and compliance teams to ensure all policy documents meet legal and industry requirements.
3.Process Optimization:
- Design and implement efficient and effective underwriting processes to enhance competitiveness.
- Continuously review and improve underwriting workflows and procedures to increase productivity and reduce turnaround times.
- Utilize technology and automation tools to streamline underwriting processes and improve accuracy.
- Ensure underwriting processes are scalable and adaptable to changing market conditions.
Qualifications & Experience:
- Bachelor's degree in the insurance industry, Business, Finance, or a related field.
- Professional certification in underwriting (e.g., CPCU, ARe, AU) is a plus.
- Minimum of 2 years of experience in Casualty and/or Financial Lines insurance underwriting and product development.
- Understanding of the Thailand insurance industry, insurance market and regulation is preferable.
- Ability to speak both English and Thai is preferable.
Skills:
- Excellent analytical, problem-solving, and decision-making skills.
- Strong communication and interpersonal skills.
- Ability to work collaboratively with cross-functional teams.
- Proficiency in underwriting software and tools.
