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Regional Senior Treaty Underwriter / Treaty Underwriter

Underwriting, Broking & Claims, Actuarial
  • Malaysia
  • Permanent

Posted

We are seeking a Senior Treaty Underwriter or Junior Treaty underwriter to join a leading insurer. You will play a critical role in assessing, analyzing, and underwriting treaty reinsurance contracts for the assigned countries in Asia. Your primary responsibility will be to evaluate risk exposure, pricing, and profitability in order to make informed underwriting decisions. The ideal candidate will possess a strong background in insurance underwriting, excellent analytical skills, and the ability to work collaboratively in a fast-paced environment.

Responsibilities:

  1. Underwriting Analysis: Conduct thorough analysis of treaty reinsurance submissions, including policy terms, conditions, and coverage details, to determine risk exposure and underwriting guidelines.
  2. Risk Assessment: Evaluate risk factors, loss history, and financial stability of ceding companies to assess potential risks and determine appropriate pricing and terms for treaty reinsurance contracts.
  3. Underwriting Decisions: Make informed underwriting decisions by applying sound judgment, industry knowledge, and analytical skills to ensure profitability while maintaining a balanced portfolio.
  4. Pricing and Rate Determination: Develop pricing strategies and establish appropriate rates for treaty reinsurance contracts based on risk assessment, market conditions, and company guidelines.
  5. Negotiation: Collaborate with brokers and clients to negotiate treaty terms, conditions, and pricing, ensuring alignment with underwriting guidelines and profitability targets.
  6. Portfolio Management: Monitor the performance of the treaty portfolio, identify trends, and recommend adjustments to mitigate risk and optimize profitability.
  7. Relationship Management: Foster and maintain strong relationships with brokers, clients, and other stakeholders to enhance business opportunities and promote the company's reputation.
  8. Compliance and Documentation: Ensure compliance with regulatory requirements, company policies, and underwriting guidelines. Maintain accurate and up-to-date underwriting documentation and records.
  9. Collaboration and Support: Collaborate with cross-functional teams, such as claims, finance, and legal departments, to provide underwriting support and facilitate efficient processes.

Qualifications and Skills:

  • Apply if you have facultative/treaty underwriting experience
  • Also, open to actuaries with reinsurance experience

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