Jobs Companies AIA New Business HNW Underwriter, Principal

About this New Business HNW Underwriter, Principal role at AIA

AIA · Onsite · Singapore, SG-AIA Singapore

At AIA we’ve started an exciting movement to create a healthier, more sustainable future for everyone.

It’s about finding new ways to not only better people's lives, but to better the communities and environments we live in. We need great Actuaries who want to be part of something bigger than finance alone. Because the better we can nurture our financial wellbeing as an organisation, the better we can support and make a difference for our customers when they need us most. By ensuring our products are well designed and priced, analysing business performance and ensuring proper management of insurance policies in-force, you’re not just safeguarding AIA’s financial wellbeing. You’re securing a better future for the people and communities we serve - today, tomorrow and for generations to come.

If that interests you, read on. 

About the Role

Perform underwriting assessment for high net worth cases and non-HNW cases, within assigned authority and support daily operational tasks. Provide underwriting-related support for the ad-hoc tasks that was assigned.

Responsibilities:

  • Underwrite large sum assured applications (formal and preliminary) and communicate decision to intermediaries within agree TAT with competitive underwriting decision and minimal requirement(s) calling. This will include negotiating with reinsurers for terms favorable to placing the business.

  • Ensure cases are underwritten within the agreed TAT.

  • Reviewing complex appeal cases and coaching underwriters for large sum assured cases underwriting.

  • Liaison with reinsurers on referral cases that are beyond local authority

  • Resolving enquiries and issues with channel management is also part of the responsibility of this role.

  • Actively handling own cases appeals, postpone and decline cases by directly communicating to distribution channels on the rationale and any other option that can be explored.

  • Review and identify areas of process improvement or operational efficiency within New Business department. Also, to support Team Lead to drive changes in process improvement and operational efficiency.

  • Involved in Quality Assurance review (audit of cases) where applicable

  • Instill a higher risk awareness culture and collaborate with second liner on roles and support needed.

  • Provide underwriting-related support for business development projects when needed.

  • Perform data or trend analysis when needed.

Requirements:

  • Minimum Bachelor degree

  • Minimum 10 years underwriting experience in both direct and reinsurer.

  • Experience with a high underwriting authority for High-Net-Worth (HNW) products is highly desirable

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.

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About AIA

At AIA we’ve started an exciting movement to create a healthier, more sustainable future for everyone. It's about finding new ways to not only better people's lives, but to better the communities and environments we live in. As the largest listed company on the Hong Kong Stock Exchange, we’ve been proudly making a difference for people and communities across Asia for over a century. And we build on this every day with our ambition to engage one billion people to live Healthier, Longer, Better Lives by 2030. If you work at AIA, you play an important part in this movement. Which is why we give you every opportunity to learn, grow and shape your career - your way. Inspiring and supporting you t

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