About the Role :
Are you looking forward to further enriching your underwriting skills and international market knowledge in a dynamic fast-paced world of a highly specialized and global re / insurance organization Are you ready to work closely with our North America Facultative desk underwriters and provide them with underwriting advisory and analytics support If yes, here is your opportunity to be part of Facultative underwriting community.
In your role, you will be contributing to the success of Swiss Re's Facultative growth ambition in North America. You are expected to be competent in Property underwriting, man-made and Nat Cat modeling and hold good knowledge of re / insurance market. We are also looking for someone who has a commercial mindset and strong collaboration skills with dedication and eagerness to learn.
Key responsibilities :
Provide high quality underwriting support to overseas underwriting desks for Swiss Re US desk, which will include but not limited to :
- Internal underwriting support and risk assessment according to underwriting guidelines of simple complexity property single risks.
- Operating within the Swiss Re's Legal and Permanent Establishment and regulatory framework
- Costing / risk modelling / pricing support on facultative contracts and underwriting documentation.
- Support on offer preparation / drafting, wording / conditions review.
- Preparing Underwriting assessment by reviewing Risk engineering reports and inferring the risk quality.
- Suggest improvements to existing processes, models, and tools.
- Maintain the defined work quality and turnaround time for risk assessment.
- Prepare client / region specific reports and share strategic inputs / solutions with internal partners
- Collaborate with the underwriting community abroad and business partners on projects to generate valuable services for Swiss Re
- Lead / drive topics and initiatives within the facultative underwriting community.
- Provide training, development and coaching to team members on relevant underwriting topics.
About the Team :
The Bangalore (BLR) Facultative Team is a strategic offshore advisory hub responsible for providing facultative underwriting support to Swiss Re North America market across Property line of business. The team will be working closely with the overseas facultative desk underwriters to provide underwriting support on property risks of simple complexity.
You will get in-depth exposure to Swiss Re's underwriting practice, risk appetite, risk model platforms, costing tools as well as an opportunity to work with Swiss Re's overseas underwriters. In addition to your regular responsibilities, you will have the opportunity to contribute to various projects of strategic importance to Swiss Re Group specifically for North America region.
About You :
Competent in Property re / insurance underwriting, single-risk assessment, Nat cat / Fire risk modelling and contract preparation, with 3-5 years of relevant Underwriting experience.Postgraduate / graduate degree preferably in the field of Natural Science, or a quantitative field (e.g., engineering, statistics, Mathematics, Econometrics) which is closely related to these subject areas.Professional qualifications in insurance e.g., FIII, CII would be an added advantage.Strong understanding of underwriting methods, reinsurance, tools, and processes.Ability to analyze large data sets, bring out data insights and draw meaningful conclusions.Ability to work with multiple projects and deliver in a timely mannerExcellent oral and written English skills.Strong motivation to learn about re / insurance and overseas markets.Good teammate, able to collaborate across teams in a multi-cultural and matrix environment, taking ownership and having proactive problem-solving aptitude.Overall, Ability to deliver strong results and bring in new insights with innovative approach to constructively challenge the status quo.Keywords :
Reference Code : 136013
Skills Required
Risk Assessment