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Senior Executive / Executive, Segment Profit Centre - Commercial Lines

Senior Executive / Executive, Segment Profit Centre - Commercial Lines

HYPERSCAL SOLUTIONS PTE. LTD.D01 Cecil, Marina, People’s Park, Raffles Place, SG
21 days ago
Job description

Roles & Responsibilities

COMPANY DESCRIPTION

A leading general insurer with a local presence of over 100 years, MSIG Singapore offers an extensive range of insurance solutions for commercial and personal risk protection, enabling the security and safety of individuals and businesses. MSIG Singapore holds an A+ / Stable financial rating by Standard & Poor's.

A testament to its growing strength and influence, MSIG Singapore has garnered numerous awards for delivering digitally innovative and customer-centric solutions. In 2023, 2022 and 2020, MSIG Singapore was awarded Insurance Asia Awards' Claims Initiative of the Year.

MSIG is a subsidiary of Mitsui Sumitomo Insurance Co., Ltd, and a member of the MS&AD Insurance Group one of the largest general insurance groups in the world with presence in 50 countries and regions globally, 18 of which are in Asia Pacific including all ASEAN markets as well as in Australia, New Zealand, China, Hong Kong, Taiwan, South Korea and India. Headquartered in Japan, MS&AD is amongst the top non-life insurance groups in the world based on gross revenue.

RESPONSIBILITIES

  • Assist in executing Property & Casualty (which includes Engineering, Construction, Bonds) business strategy, initiatives and plans in order to achieve both the Topline and Bottomline of the Property & Casualty segments.
  • Liaise with Business Units on referral accounts and prepare referrals to MSIG Asia / Head Office / Treaty / CEO for approvals
  • Ensure that turn around time is achieved for the account to be replied to the Business Units
  • Ensure that prudent technical underwriting is conducted as well as balancing the business aspects of securing the accounts.
  • Collaborate with Business Units, Reinsurance, Actuarial and Claims teams to manage loss ratios
  • Negotiate, underwrite, accept all accounts within Risk Acceptance Authority / Risk Acceptance Guide
  • Market engagements with the industry
  • Ensure compliance with all laws, regulatory provisions and Group policies as are relevant to the role
  • Undertake any other duties as may be assigned

QUALIFICATIONS

  • Tertiary qualification and professional insurance qualifications
  • OTHER INFORMATION

  • At least 3 years of experience in the relevant product class within Commercial Lines
  • Experience in Commercial Insurance business (experience in Engineering a plus), underwriting, pricing, referrals, review of policy wordings
  • Knowledge of distribution channels structure and good interpersonal liaison with them
  • Experience and knowledge in Singapore's Property & Casualty market
  • Please note that your application will be sent to and reviewed by the direct employer - MSIG Insurance (Singapore) Pte Ltd

    Tell employers what skills you have

    Property & Casualty Insurance

    Credit

    Casualty

    Leadership

    Reinsurance

    Loans

    Risk Management

    Claim

    General Insurance

    New Business Development

    Liability

    Financial Analysis

    Banking

    Customer Service

    Business Development

    Financial Risk

    Insurance

    Commercial Insurance

    Mortgage Lending

    Professional Liability

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    Senior Commercial • D01 Cecil, Marina, People’s Park, Raffles Place, SG