JOB DETAILS

JOB DETAIL

The candidate will be responsible for leading the underwriting and product development for all motor insurance products, motor related insurance products through all channels and business model from group motor fleet, individual broker, dealership and business partner. The candidate is reporting to Chief UW Officer. It will include evaluating risks, developing new motor product set up, motor quote and ensuring that existing products remain competitive and comply with regulations. The candidate will be required to collaborate with various departments, including but not limited to actuarial and pricing, claims, marketing, and sales, to drive the growth and profitability of the motor insurance portfolio

Underwriting Leadership:
• Manage the underwriting team in evaluating and assessing risks for motor insurance products, motor related insurance products.
• Develop and implement underwriting guidelines, policies, and procedures.
• Ensure underwriting decisions are made in a timely and accurate manner.
• Monitor the performance of the underwriting portfolio and implement strategies to improve profitability.
• Train and mentor junior underwriters to enhance their skills and knowledge.

Product Development:
• Identify market trends and opportunities for new products and motor insurance scheme.
• Lead the development and implementation of new products, from concept to launch.
• Work with actuarial and marketing teams to develop pricing strategies and promotional plans.
• Ensure all products comply with relevant regulations and industry standards.
• Conduct regular reviews of existing products to ensure they remain competitive and meet customer needs.
• Regularly review policy terms and conditions to ensure they are complying with regulatory standards and reflect current and emerging market trends.

Collaboration and Communication:
• Collaborate with actuarial, claims, marketing, sales, and other departments to ensure cohesive product strategies.
• Communicate product and underwriting strategies to internal and external stakeholders.
• Represent the company at industry events, conferences, and meetings.
• Provide insights and recommendations to senior management regarding product performance and market opportunities.
• Collaborate with legal and compliance teams to ensure all policy documents meet legal and industry requirements.

Process Optimization:
• Design and implement efficient and effective underwriting processes to enhance competitiveness.
• Continuously review and improve underwriting workflows and procedures to increase productivity and reduce turnaround times.
• Utilize technology and automation tools to streamline underwriting processes and improve accuracy.
• Ensure underwriting processes are scalable and adaptable to changing market conditions.

REQUIRED WORK EXPERIENCE

• Bachelor’s degree in insurance industry, business, Finance, or a related field.
• Professional certification in underwriting (e.g., CPCU, ARe, AU) is a plus.
• Minimum of 10 years of experience in motor insurance underwriting and product development.
• Understanding of the Thailand motor insurance industry, insurance market and regulation are preferable.
• Previous experience and the ability to manage and mentor a team is preferable.
• Ability to speak both English and Thai is preferable.