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Property Underwriter

Property Underwriter

Hannover RueckKuala Lumpur, Kuala Lumpur, Malaysia
12 days ago
Job description

Hannover Re - with around 3,900 employees at locations all over the world. Our strength? Connecting Power : We rely on each other. As a reinsurer, we protect customers in the event of a claim. This requires customised, innovative solutions. Solutions that worked yesterday may be outdated tomorrow. We challenge ourselves and continuously optimise our services, advice and products. All this makes us one of the leading and most profitable reinsurance groups in the world and a reliable employer.

We are currently hiring a Underwriter to join the P&C team in Malaysian Branch. This role is to underwrite existing and new business under the area of responsibility, and ensure underwriting efficiency. In addition, to deliver excellent customer service, identify new business opportunities in the markets, developing business relationship with our clients.

This role reports to the Team Manager.

Key Responsibilities :

  • Support the projects to underwrite new, innovative and non-traditional products and services related to their responsible Line of Business in close cooperation with other units and external partners.
  • Contribute to underwriting strategy, policy, guidelines and controls consistent with Group objectives and directives, and consistent with client group focus to set the Company strategy.
  • Contribute to strategic plans for their territory and ensure integration of these plans into an improved annual result, forecast and budget processes.
  • Develop and grow a sustainable book of business and exploit new business potentials through active development of relationships vis-a-vis clients and brokers across regions.
  • Build and leverage existing and new data / information sources and partnerships to provide underwriting value in accordance with data standards, underwriting guidelines, limits and pricing / rating procedures.
  • Analyse and evaluate new developments and trends in the market to establish an overview and support in product enhancement and development including support in evaluating, quantifying and mitigating risk appropriately via product pricing and monitoring.

Job Requirements :

  • Minimum of 7 years of relevant work experience in the insurance / reinsurance industry, with a background in property underwriting.
  • Proficient in at least one of the Asian regional languages, as you will be dealing with clients from various markets across Southeast Asia & South Asia.
  • Excellent contract wording and interpretation abilities as you will be formulating policies for the Branch.
  • Capable of managing and optimizing clients’ portfolios.
  • Professional experience in data, digital, technology, and innovation in the Property and Insurance industries is a plus.
  • Regional underwriting experience is an advantage, as you will be responsible for various markets within the region and the review of potential new Property line of businesses.
  • Strong analytical abilities and underwriting judgement.
  • Ability to solve problems using sound judgement and data analysis.
  • Ability to prioritise, multitask and perform tasks independently.
  • Technical knowledge of the insurance and reinsurance industry and its operations.
  • Effective communicator in writing, business presentations and interpersonal communication as you will be liaising with our internal and external stakeholders.
  • We are #somewhatdifferent – people with their own stories, experiences, and career paths. Everyone is welcome! Apply with just one click on the “Apply now”- button and become part of our diverse team!

    More on our work environment, your entry opportunities and development prospects can be found at

    #J-18808-Ljbffr

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    Underwriter Property • Kuala Lumpur, Kuala Lumpur, Malaysia

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