SINGAPORE

AXA XL is actively seeking a motivated, enthusiastic and globally inquisitive Underwriter to join our Property team in Singapore.
Key tasks include: underwriting business within the agreed business plan and individual authority; supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; monitoring premium income to ensure it remains within set limits; maintaining awareness of all claims advised while supporting and providing input on settlement of claims; ensuring adequate reinsurance acquired to cover specific risks; building and maintaining relationships with brokers and clients; supporting the design and structure of risks.
This is a regulated role under the Central Bank of Ireland’s Fitness and Probity regime.
What you’ll be DOING

What will your essential responsibilities include?

• Reviewing submissions including applications, policy wording, due diligence reports, financial models and legal documentation while conducting appropriate research and risk analysis to determine degree of risk for each transaction.
• Calculating appropriate risk premium by considering the risk costs inherent to the relevant sector, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.
• Proactively advising, assisting, servicing and following up with clients on insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements.
• Effective marketing and relationship management to initiate opportunities for cross-selling offered products.
• Maintaining awareness of all claims advised and supporting recovery processes.
• Working collaboratively in a team environment, assisting underwriters, underwriting assistants and the management team.

You will report to the Underwriting Manager, Property.

WHAT YOU WILL BRING

We’re looking for someone who has these abilities and skills:

• Bachelor’s Degree preferred and equivalent experience in the relevant class of business, possessing functional knowledge and skills reflective of a fully competent practitioner.
• Perform tasks according to established procedures, with some ability to exercise discretion.
• Marketing - Effectively plan for sales and business development. Integrating the use of various techniques, tools, and information to support profitable business growth over a defined period.
• Negotiation/Sales - Plan, structure and conduct negotiations with brokers and/or clients to reach outcomes that gain the support and acceptance of all parties.
• Analytical Skills - Visualize, gather information, articulate, analyze and solve complex problems in order to make key business decisions.
• Interpersonal Savvy - Build excellent interpersonal relationships with brokers, clients & colleagues with the intention of improving personal profile and reputation within AXA XL and the broader market.
• Industry Knowledge - Understanding of the insurance industry and specific product portfolios to positively
• Strategy and Planning - Make underwriting decisions to fulfill business strategic plan and deliver results. Has knowledge of financial targets and levers in order to deliver on departmental business plan.

WHO WE ARE

AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.
How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business property, casualty, professional, financial lines and specialty.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Learn more at axaxl.com

• Reviewing submissions including applications, policy wording, due diligence reports, financial models and legal documentation while conducting appropriate research and risk analysis to determine degree of risk for each transaction.
• Calculating appropriate risk premium by considering the risk costs inherent to the relevant sector, reinsurance cessions as well as the Underwriting and general administration costs while ensuring profitability.
• Proactively advising, assisting, servicing and following up with clients on insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements.
• Effective marketing and relationship management to initiate opportunities for cross-selling offered products.
• Maintaining awareness of all claims advised and supporting recovery processes.
• Working collaboratively in a team environment, assisting underwriters, underwriting assistants and the management team