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Casualty and FinPro Facultative Underwriter

5-10 years

Mumbai

1 vacancy

Casualty and FinPro Facultative Underwriter

Swiss Re

posted 23d ago

Job Role Insights

Flexible timing

Job Description

About the Role
You will be responsible for originating a flow of new business and quality revenue growth in line with our go-to market strategies and promoting our presence and propositions to brokers and clients.
Swiss Re is a bottom-line driven company and your performance will be measured based on bottom line growth.
The role reports into the Head Casualty Facultative - India, Greater China and Southeast Asia..

Core Responsibilities:
  • Be the first port of call for Liability FAC business, and provide high quality, timely and appropriate service to clients and brokers whilst complying with underwriting authority and guidelines.
  • Build and grow a profitable and balanced Facultative book in accordance with the planned portfolio targets and Go-To Market strategy, within stated underwriting guidelines and other governance rules.
  • Drive business origination and enhance relationship building with clients and brokers. Ensure robust new business pipelines and improve renewal retention to maximise Swiss Re Facs commercial position.
  • Actively seeks and procures opportunities in the market through high quality client and broker interactions, relationship building and engagement.
  • Consistently demonstrates good level of risk assessment, mitigates volatility, manages line size and explores alternative approaches that allows us to write business profitably and meet client needs.
  • Ensures diligent use of pricing / modelling tools and robust reflection of pricing to exposure and risk quality, proactively improves data transparency and accuracy.
  • Work closely with Senior underwriters in the region to enhance UW technical skill.
  • Monitor budgets and business plans, observe external risk landscape & trends and ensure timely reporting.
  • Cross sells Property and other lines of business where possible.
  • Provides underwriting support to other Swiss Re offices and handles ad hoc tasks as needed.
  • Works collaboratively and cross-functionally with any relevant functional groups/committee as assigned across our business in India and Asia to ensure any business initiatives and related business matters are in accordance to underwriting and regulatory regime.
About you
  • Technical university degree, law preferred or experience in (re-)insurance business.
  • 5-10 years or more of relevant underwriting experience and up-to-date insurance and reinsurance product and market know-how or in a corresponding reinsurance/broker area, in India market. Experience in other Asia markets would be plus.
  • Knowledge and understanding of Casualty and/or Financial Lines insurance principles and practices. Experience in Motor and Personal Accident an added advantage.
  • Expertise in underwriting single risk and FAC facilities.
  • Comfortable working in a highly collaborative, matrix and multi-cultural environment, self-motivating, taking ownership, accountability, and the extra mile to get things done, both internally and externally to provide superior service to our clients / brokers.
  • Established Market network, proven track record as a successful deal maker. Pragmatic solution-oriented mindset and gets things done.
  • Demonstrate ability on working independently, willingness to learn, deliver under pressure and at ease with going outside of comfort zone.
  • Strong teammate and effective communicator, both written and verbal.
  • Is able and willing to follow and live Swiss Re s Principles
  • Open to travel based upon business needs

Employment Type: Full Time, Permanent

Read full job description

Swiss Re Interview Questions & Tips

Prepare for Swiss Re Underwriter roles with real interview advice

Top Swiss Re Underwriter Interview Questions

Q1. Types of search any how to use them is real life
Q2. Which will give higher returns? Annuity at year start or year end?
Q3. What is reserving in insurance and what methods are used in it?
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What people at Swiss Re are saying

1.0
 Rating based on 1 Underwriter review

Likes

Provide work on your way. Can work where ever you are.

Dislikes

Too many operational process and time consuming processes.

  • Salary - Poor
  • +5 more
Read 1 Underwriter review

Underwriter salary at Swiss Re

reported by 4 employees with 1-8 years exp.
₹7.4 L/yr - ₹26 L/yr
231% more than the average Underwriter Salary in India
View more details

What Swiss Re employees are saying about work life

based on 247 employees
90%
95%
58%
100%
Flexible timing
Monday to Friday
No travel
Day Shift
View more insights

Swiss Re Benefits

Work From Home
Cafeteria
Gymnasium
Health Insurance
Soft Skill Training
Team Outings +6 more
View more benefits

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