Underwriting Manager

FWD Group

Singapore
Permanent
Full-time

1 month ago

FWD Group is a pan-Asian life insurance business with more than 11 million customers across 10 markets, including some of the fastest-growing insurance markets in the world. FWD reached its 10-year anniversary in 2023. The company is focused on making the insurance journey simpler, faster and smoother, with innovative propositions and easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD is committed to changing the way people feel about insurance. VisitIn Singapore, FWD aims to change the way people feel about insurance by leveraging technology to deliver products and services that are relevant, easy to understand and always convenient for our customers. To this end, we have a direct-to-consumer (DTC) platform that allows customers to buy their preferred life and general insurance products directly from our website; as well as a network of preferred Financial Advisory (FA) firms for customers who want to speak with an advisor before committing to an insurance plan. Whatever their preference, we believe insurance should be simple, reliable and convenient.Similarly, if you are looking for a career where you can create a real impact and celebrate living, we invite you to join us on our exciting journey.PURPOSEThis role will be expected to perform risk assessment of all life and health products to deliver quality risk assessment, meet service level agreement and productions targets set.KEY ACCOUNTABILITIES

To perform risk assessment of all life and health products to ensure that risk assessed is compliant to our company’s and regulatory guidelines and with experience in underwriting applications with sum assured up to SGD 3m.
To work closely with new business and distribution team to ensure that service delivery and production targets are met.
To review appeals, provide preliminary underwriting services and handle post claim underwriting.
To assist Senior Underwriter/Head of Underwriting to constantly review of our underwriting guidelines to ensure that it is complied with our Group’s underwriting philosophy.
To support new product launches and corporate’s initiatives by establishing appropriate underwriting guidelines for the initiatives.
To perform underwriting audits.
To provide training and consultation support to distribution channels.
Reduce operational risk by settings guidelines, procedures and controls that are compliant to the Company’s risk governance and philosophy.
Deliver the Company’s key performance indicators set.
Achieve operations efficiency through automation by constant analysing management information data generated by automated rules engine, reviewing and updating the underwriting rules to improve straight through processing rates.
Work on projects that are assigned by Senior Underwriter / Head of Underwriting.

QUALIFICATIONS / EXPERIENCE

Degree holder
At least 8 to 10 years of underwriting experience in life and health insurance
Preferably with FLMI and pursuing ALU.

KNOWLEDGE, SKILLS & ABILITY

Strong knowledge in life & health insurance.
Good understanding on regulatory related to life and health insurance.
Good verbal and written communication skills.
Good interpersonal skill
Good analytical, problem solving and decision-making skills.

FWD Group

Apply Now