Ensure delivery of consistently high quality underwriting and claims adjudication services for the Hong Kong market.
Provide high quality facultative underwriting assessments within agreed service levels.
Strong focus on client servicing and daily business as usual.
Support underwriting and claims quality assurance reviews.
An established and well respected provider of high quality underwriting and claims services, enhancing SCOR’s ability to write profitable new business.
Key duties and responsibilities
Provide high quality facultative underwriting assessments within agreed service levels / TAT.
Provide high quality decisions on new business cases or increases in existing policies within prescribed personal authority and within agreed turn-around time.
This includes both Life & Health portfolio (e.g. Cancer, CI, Medical, Mortality, LTC, and HNW business).
Ensure underwriting selection is within SCOR Global Life underwriting and claims guidelines.
Perform research and monitor underwriting practices and guidelines, reporting on emerging trends as relevant to SCOR and market.
Prepare / generate UW case monitoring report on a monthly basis.
Develop and establish workable underwriting and claims solutions for Product Development initiatives
Develop commercially viable UW & Claims requirements and solutions, and ensure robust product Terms and Conditions on SCOR’s new product development initiatives, and / or products distributed via alternative distribution channels (including but not limited to online, social media, bancassurance, etc)
Provide technical input to help alleviate pricing concerns and considerations
Facilitate the internal product review, and underwriting governance process for new product concepts.
Support in the review reinsurance treaty agreement terms and conditions
Training, Quality Assurance and Regional Initiative
Complete relevant underwriting based training for key clients throughout the Hong Kong market.
Support marketing seminars in Hong Kong and wider Asia.
Assist in client underwriting quality assurance reviews, due diligence exercises and underwriting process reviews.
Part of the South Asia Underwriting Support Community and support Regional UW initiatives as requried
Help business development team to enhance client relationships and new business opportunities for the Hong Kong market.
Interact with CREDISS (Global underwriting support team) in promoting and developing SCOR’s underwriting services including SOLEM (SCOR’s OnLine Expert Manual).
Member of the following committees : e.g. Audit committee, Investment Committee etc.
Member of the South Asia Underwriting Support Community
Required experience & competencies
Minimum 4 years’ experience as an underwriting professional
Strong technical underwriting skills, both medical and financial underwriting
High Net Worth underwriting experience is a plus
Claims assessing experience is a plus
Exposure to both Life and Health (Medical) insurance markets is desirable
Reinsurance experience or exposure to reinsurance procedures and activities
Experience of facilitating technical underwriting training
Involvement in underwriting audits and internal peer reviews
Personal Competences :
Clear and concise verbal and written communication.
Confident and engaging manner when dealing with clients or peers at all levels across the business.
Strong analytical skills, combined with sound judgement and commercial awareness
Ability to be flexible and work with a number of products and clients.
Managerial competences (if applicable) :
ALU, CII, LOMA, CLU and other relevant professional qualifications
Salary : HKD 40K / month