FIRE UNDERWRITE | URGENT!

Philippine British Life and General Insurance Company, Inc. is a privately owned and duly authorized non-life insurance company serving the Filipino community since 1960. We aspire to be the most trusted non-life insurer in the country, a partner that our customers can fully depend on.

Our pioneering partnership with British firms Ker and Co., Sun Insurance, Phoenix Insurance and Union Insurance Society of Canton, has paved the way for Philippine British to achieve its important milestones throughout the years and be recognized from being an emerging insurer to becoming one of the most trusted and dependable insurers in the country.

The company currently offers the widest array of non-life insurance products across its many branches around the Philippines. As part of the ongoing evolution of our brand, we are exploring new paths: offering better products and faster services to the insuring public. We are driven to continuously improve and provide genuine customer service that is of the highest standards – an experience that is FRICTIONLESS, TRANSPARENT, and RESPONSIVE.

We in Philippine British Life and General Insurance Company, Inc. aim to earn your trust and deliver on our promise. As we embrace the changes in today’s environment, Philippine British will be there… by your side.

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The Fire Underwriter is responsible for evaluating, analyzing, and selecting fire and allied peril risks (such as Earthquake, Typhoon, and Flood) for residential, commercial, and industrial properties. The primary goal is to ensure the company maintains a profitable and balanced portfolio by applying sound underwriting principles and adhering to the Philippine Fire Tariff and company retention limits.

JOB RESPONSIBILITIES:

• Assess fire insurance applications by analyzing building construction, occupancy, protection (e.g., sprinklers, hydrants), and exposure to external hazards.
• Determine the acceptability of risks based on the company’s underwriting guidelines and risk appetite.
• Apply appropriate premium rates in strict accordance with the Philippine Fire Manual of Tariffs issued by the PIRA (Philippine Insurers and Reinsurers Association).
• Calculate discounts for protective measures and apply loadings for adverse risk features.
• Determine the Probable Maximum Loss (PML) for large risks.
• Allocate risk within the company’s retention limits and arrange for Facultative Reinsurance or Treaty cessions when the sum insured exceeds capacity.
• Draft and review policy wordings, including specialized clauses, warranties, and endorsements (e.g., Extended Coverage, Broad Form, or Business Interruption).
• Liaise with risk engineers or surveyors to conduct physical inspections of high-value properties and implement risk improvement recommendations.
• Maintain strong relationships with brokers, agents, and the sales team to provide timely and competitive quotations while ensuring technical integrity.

QUALIFICATIONS:

• Bachelor’s degree in Business, Finance, Economics, Engineering, or a related field.
• At least 2–3 years of experience in Non-Life Insurance underwriting, specifically focusing on Fire or Property lines.
• Familiarity with the local insurance landscape, including PIRA regulations and Insurance Commission (IC) compliance.
• Deep knowledge of the Philippine Fire Tariff rules and ratings.
• Proficiency in risk assessment software and Microsoft Office (especially Excel for premium calculations).
• Understanding of Reinsurance structures (Quota Share, Surplus, Excess of Loss).
• Strong analytical and mathematical aptitude.
• Excellent negotiation skills for dealing with brokers.
• Attention to detail and the ability to work under tight deadlines during renewal seasons.

Benefits:

• Additional leave
• Company Christmas gift
• Company events
• Health insurance
• Life insurance
• Opportunities for promotion
• Paid training
• Pay raise
• Promotion to permanent employee

Ability to commute/relocate:

• Makati: Reliably commute or planning to relocate before starting work (Preferred)

Education:

• Bachelor's (Required)

License/Certification:

• IIAP Fire Underwriter Certification (Preferred)

Work Location: In person