Insurance Underwriter Professional
6 days ago
The purpose of this role is to support Portfolio Admin & Outsourced Business with various tasks, including monthly processing of renewals for all Outsourced Business Binderholders.
Responsibilities- Support Portfolio Admin & Outsourced Business with monthly processing of renewals for all Outsourced Business Binderholders.
- Manage renewal data cleansing and quality control, recommending and communicating data clean-up actions to Binderholders.
- Perform data modelling – enhancing and using current models, and conduct broker renewal performance analysis.
- Assist with renewal automation projects and enhance the UW segmentation model continuously.
- Apply Client Segmentation and apply differentiated renewal increases, ensuring alignment of renewal rules with rating changes and market forces.
- Identify performance and growth corrective actions, drive renewal implementation, and monitor results thereof.
- Conduct on-site renewal audits from time to time and prepare renewal reports for presentation to management.
- Analyse Outsourced Business Portfolios and present findings and recommendations to relevant stakeholders.
- A degree in Insurance & Risk Management or Statistics or similar disciplines would be an advantage.
- Expert knowledge in MS Excel including use of advanced excel formulas is required.
- 2 to 3 years general insurance experience would be an advantage, as well as experience in working with large data sets.
- Knowledge of data mining techniques and short term insurance pricing knowledge would be an advantage.
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