Manager, Property and Miscellaneous Underwriting

Job Overview:
The candidate will be responsible for leading the underwriting and product development for all Property insurance products including Property Fire, IAR, BI, Engineering and others Property miscellaneous insurance products through all channels from Corporate Direct, International and Local brokers both direct and assume reinsurance including cedants. The role includes coaching, underwriting, risk evaluation, regional referral, facultative reinsurance, ensure that the products and team function remain competitive and comply with regulations both internal and external. The candidate will be required to collaborate with various departments, including but not limited to Risk Engineering, Logistic Loss Prevention, Commercial Distribution, Commercial Claims to drive the growth and profitability of the property insurance business.

Key Responsibilities:

1. Underwriting Leadership:

• Manage the underwriting team in evaluating and assessing risks for Property insurance products including Property Fire, IAR, BI, Engineering and others Property miscellaneous insurance products.
• Implement APAC 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.
• Train and mentor junior underwriters to enhance their skills and knowledge.

1. Product Development:

• Identify market trends and opportunities for new products and insurance scheme.
• Lead the development and implementation of new products and/or packages, from concept to launch.
• Ensure all products comply with relevant regulations and industry standards.
• Conduct regular reviews of existing products, special clauses, to ensure they remain competitive and meet customer needs.
• Regularly review policy terms and conditions to ensure they are complying with regulatory standards and reflect current and emerging market trends.

1. Collaboration and Communication:

• Collaborate with Risk Engineering, Logistic Loss Prevention, Commercial Distribution, Commercial Claims to drive the growth and profitability of the property related insurance business.
• Communicate product and underwriting strategies to internal and external stakeholders.
• Represent the company at industry events, conferences, and meetings.
• Provide insights and recommendations to senior management regarding product performance and market opportunities.
• Collaborate with legal and compliance teams to ensure all policy documents meet legal and industry requirements.

1. 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.

Skills & Competencies:

• 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.
• Strong organizational skills to lead the underwriting team and manage various stakeholders.

Qualifications:

• Bachelor’s degree in insurance industry, business, Finance, or a related field.

• Minimum of 10 years of experience in property insurance underwriting and product development.

• Professional certification in underwriting (e.g., CPCU, ARe, AU) is a plus.

• Understanding of the Thailand property insurance industry, insurance market and regulation are preferable.

• Previous experience and the ability to manage and mentor a team is preferable.

• Ability to speak both English and Thai.