Underwriter (Commercial Lines)

Location: Singapore

Department: Commercial Lines

Type: Full Time

Min. Experience: Experienced

Liberty Insurance Singapore is a 100% owned strategic business unit of Liberty Mutual Insurance Group. Headquartered in Boston, Liberty Mutual Insurance Group is a diversified global insurer and the 5th largest property and casualty insurer in the U.S based on 2015 direct written premium. It ranks 73rd on the Fortune 100 list of largest corporations in the U.S. based on 2015 revenue. As of 31 December 2015, Liberty Mutual Insurance Group had US$121.7 billion in consolidated assets, US$102.5 billion in consolidated liabilities and US$37.6 billion in annual consolidated revenue.

Liberty Mutual Insurance Group operates with a global view across five continents and employs more than 50,000 employees in approximately 800 offices throughout the world.

Due to the growth of our business in Singapore an exciting opportunity has arisen for an Underwriter (commercial Lines)  to join our team in the Singapore office.

As an Underwriter, you will expected to actively achieve profitable growth in business from producers assigned to you. You will also get the opportunity to apply your analytical and negotiation skills in a fast-paced and collaborative environment.

Job Description:

1. Underwriting

  • Analyses commercial lines accounts assigned to make decisions based on individual risk characteristics, exposure analysis, hazard recognition and controls. 
  • Evaluates and price new and renewal business within delegated authority levels, Company guidelines and local regulations, to achieve profitable growth. 
  • Uses creativity and underwriting knowledge to write risks and retain business.

2. Client servicing

  • Develops ongoing relationships with assigned producers to discuss and communicate on:
    -  Market trends and appetite, to promote and evaluate the relevance of the Company’s products and services.
    - Quality and profitability of producer submissions, service standards, and underwriting and/or product changes. 
    - Underwriting issues including but not limited to decisions on cancellations, declinations, exposure concerns, and survey results.
  • Assists Underwriting Manager to identify issues of concern and works to resolve or improve them. May identify sales and marketing opportunities in the process.
  • Helps Business Development colleagues train and educate producers’ staff in the Company’s more complex products, services and underwriting philosophy.
  • Networks within the insurance community to stay abreast of changes within the industry and ensure the Company’s products and pricing remain competitive and relevant.
  • Perform other duties as assigned.

Requirement:

  • Minimum Bachelor Degree/ Professional Insurance qualification
  • 3 years or more of relevant working experience in Commercial Lines insurance
  • Actively pursuing professional insurance designations such as ACII/AAII or equivalent designation preferred
  • Thorough knowledge of commercial lines product and contract language which includes regulatory and policy difference
  • Strong negotiation and analytical skills
  • Strong computer skills and the ability to work with multi-faceted systems
  • Ability to effectively and independently manage workload while exhibiting good judgement
  • Good written and verbal communication skills
  • Ability to build relationships, and must also exemplify teamwork
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