Head of Casualty, Singapore Moen
5d ago

Functional Area :

UW - UnderwritingEstimated Travel Percentage (%) : No TravelRelocation Provided : NoAIG Asia Pacific Insurance Pte. Ltd.

Your future team

AIG’s underwriters develop insurance solutions that address the exposures of companies and individuals, and embody AIG’s tradition of innovation, bringing to market groundbreaking insurance solutions for our changing world.

AIG’s underwriters help to find insurance solutions for risks from a range of areas including life insurance, aviation, financial lines, casualty, environmental, catastrophic events, high net worth individuals, and boardroom liabilities.

Your contribution at AIG

As a People Manager and Senior Leader, you make the difference in an employee’s experience at work. Great managers provide direction, motivate and grow talent, and empower and coach teams toward higher levels of performance.

The quality of Senior Leadership is a defining factor for a company’s success. Senior Leaders are responsible for developing business strategies and / or translating those strategies into meaningful outcomes and ultimately, business results.

As a Senior Leader, you reach across geographical and functional boundaries to create alliances that further the organization’s objectives and market position.

Your deep and broad industry knowledge allows you to foresee external conditions that could potentially affect AIG’s future.

  • Manage all underwriters in the Singapore Casualty team
  • Implement a consistent Casualty strategy across Singapore; aligning with APAC & International Casualty strategies, plans, initiatives, risk appetite and goals.
  • Drive and deliver a culture of underwriting excellence and operational efficiency in work flow and process systems across Singapore’s Casualty operations.
  • P&L responsibility for all Casualty product lines / overall portfolio including profitability, volume, operations and expenses.
  • Liaise regularly with APAC Casualty actuarial team to establish budget loss ratios and monitor rates; execute changes and remediation to improve profitability if required.
  • Ensure underwriting and pricing tools are used where mandated, peer reviews are completed and underwriting files adhere to AIG standards.
  • Establish career development, training and retention plans for Singapore Casualty team; coordinating with Human Resources where necessary.
  • Ensure a consistent Client, Distribution Channel and Multinational approach across the Singapore Casualty portfolio.
  • Ensure all underwriting files comply with AIG standards / Casualty Underwriting Quality Review (audit) requirements.
  • Ensure good knowledge of current and historical claims via regular contact with Singapore Casualty Claims team.
  • Perform all reporting duties for Casualty in Singapore.
  • Work with the Regional Casualty Underwriting Head and collaborate with Singapore Product Leaders to ensure successful execution of plans and support initiatives across all product lines and segments.
  • Ensure best practices are implemented across the country including pricing, marketing, business development, renewals, budget / expenses, policy wording updates and new product development.
  • What we are looking for

  • Ideally a minimum of 12 years in underwriting role including 8 years in the relevant Casualty technical area.
  • The ability to lead a team of underwriters in the day to day operation of a large book of Casualty business.
  • Strong technical Casualty skills and a solid understanding and knowledge of the Singapore insurance market; ideally with strong local broker relationships.
  • A strong people person with the ability to collaborate and work with, and motivate individuals and teams.
  • The ability to understand and manage a portfolio of business in detail, to make the best possible strategic and tactical decisions to improve profitability.
  • Strong communication and PC skills; analytical skills; knowledge of commercial insurance products; knowledge of underwriting concepts, practices, procedures and techniques.
  • Ability to organize, plan and monitor the day-to-day activities of underwriting staff; ability to establish and implement performance goals, objectives and standards for individuals and the team.
  • Budget development and expense control skills; ability to manage the business performance of multiple underwriting units;
  • ability to develop and implement underwriting and marketing strategies.

  • To be able to follow and implement APAC Regional and global Casualty underwriting guidelines.
  • It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer.

    We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

    At AIG, we believe that diversity and inclusion are critical to our future and our mission creating a foundation for a creative workplace that leads to innovation, growth, and profitability.

    Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

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