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Regional Head of Underwriting

Directing the underwriting strategy of business for the Region, the Head of Underwriting will develop the risk management techniques, with a focus on the product design and pricing policy as well as the Company’s underwriting philosophy. With a key role in the development of new and existing relationships with Insurers the Head of Underwriting will have the ability to negotiate binding authorities and ensure underwriting targets are met across all the company’s products for the region.

KEY DUTIES & RESPONSIBILITIES

Strategy

  • Define and implement the regional underwriting strategy in line with the overall business plan.
  • Manage the strategic project prioritization and business plan development for external stakeholders in relation to product and service development.
  • Support new market development activity via general research commissioning, product development, fronting and reinsurance arrangements.

 

Risk Management

  • Lead, develop and maintain underwriting processes.Directs and oversees the health insurance underwriting program for individuals and / or groups.
  • Establish underwriting guidelines and manuals and ensure adherence to underwriting standards.
  • Responsible for ensuring integrity of underwriting activities and processes.
  • Technical point of reference for all members of the Sales team.
  • Perform underwriting performance analysis of all medical lines.
  • Lead the new product development process, developing plan structures, policy wordings and pricing.
  • Provide underwriting input to complex claims.
  • Sustain the long term viability of the portfolio by achieving target loss ratios and support the new business and renewal sales targets.

 

Insurer Relationship Management

  • Establish binding authorities with insurers and maintain the company’s relationships with them.
  • Represent the company in all meetings with insurers and other stakeholders when necessary (e.g. regulators, brokers, industry bodies, conferences).
  • Monitor the underwriting performance of the company’s portfolios within the region and prepare a set of MI on a monthly, quarterly and annual basis to be submitted to the Managing Director and the insurers.
  • Take all necessary corrective actions to maintain the long term viability of the portfolios.
  • Work in collaboration with the other departments to ensure actions taken are viable for the other units in the business (i.e. sales, marketing, operations, claims…)

 

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