Bangalore, KA, IN

Head Costing P&C Underwriting Asia 


Corporate Title: Vice President 

Division: BCS-Property & Specialty Underwriting (50001532)

Department: BCSC-P&C Centre (50001574)

Recruiter: Chaitra Singh

Hiring Manager: Amit Mehra 

About the team
Make a difference in your career journey with a leading reinsurance company in the world with 12,000+ diverse set of employees in over 60 offices globally. Our location at the heart of Bangalore has been witnessing sustainable growth – the kind of growth characterized by the complex and differentiated value delivered to the business. This is your opportunity to be part of the growing UW function and working in tandem with Underwriting and Actuarial teams in the US, Asia and Europe and other business functions co-located in our set-up in Bangalore.

Position Summary

 The role will be a key member of the P&C UW Support Hub Bangalore leadership team
 The role will work closely with P&C UW Asia Hub Head and various L2 portfolio owners on portfolio management (mainly on Property, Motor and Liability). Major tasks include:
o Support formalisation of the 3 Strategic Plans (aka Factbook) by providing detailed portfolio insights, reviews and recommendations. Timeline: Q1 and Q3
o Prepare regular reports on P&C Treaty and Fac performances. Timeline: Q1 and Q3
o Take lead in annual Business Plan process – co-ordinate with all P&C deskheads for their inputs on Core, Transactions and Solutions. Review and challenge if necessary. Collate inputs to formulise an overall picture for Asia Hub Head. Work closely with global & regional Finance team and be prepared to answer queries from top management. Timeline: Q2
 The position will manage the annual Parameter Taskforce process for Property & Casualty Treaty business, and ensure quality outputs within the predefined timeline. PTF framework includes but not limited to --- indices assumptions (exposure change, loss inflation), payment and reporting patterns, market curves, etc. Timeline: Q2 and Q3
 The role will liaise with Risk Management and Governance on a regular basis iro operational risk management. You are obliged to carefully review and update our Property & Casualty Risk Control Self Assessment (RCSA) during each quarter, and seek the sigh-off from Asia Hub Head. You will also be responsible to ensure completion of any governance actions as required by RCSA.
 The role will provide costing peer review for or support larger and/or complex P&C Treaty business in the region.
 The role will take lead / provide support to various global / regional projects.
 The role (together with the team) will also have the opportunity to support P&C Solutions and P&C Transactions, which are important pillars of Swiss Re reinsurance strategy.
 The person will be responsible for recruiting 1 to 2 FTE to build up the function and support provided over time.
 The person will be responsible in building a strong P&C underwriting analytical community in Bangalore

About you / requirements
Skills and Experience
• Minimum of 10 years of work experience in Insurance or Reinsurance – preferably with experience in reserving/pricing/Catastrophe Loss modelling /Underwriting function
• Bachelor degree (or above) in Actuarial Science / Finance / Statistics or related discipline
• Fellow member of recognised actuarial societies
• Proactive and strong communicator, both written and oral. Demonstrated ability to articulate thought processes & suggestions in a clear, structured and concise manner.
• Strong team-player with proven ability to collaborate with teams in other locations
• Demonstrated strong ability to understand the needs of the Underwriting community
• Familiarity with Asia Insurance / Reinsurance market would be an advantage
• Team leading experience of strong actuarial /insurance analytics/ Underwriting will be preferred.
• Willingness to travel to the other locations in Asia occasionally if needed
• Strong attention to details
• Ability to work with multiple projects and deliver in a timely manner
• To be able to communicate including persuasion and expectation management
• To work and get results in international teams with no hierarchical structures

Key stakeholders include:
• Property and Casualty Underwriting Asia Management team
• Head P&C Underwriting hub, Bangalore

Reference Code: 88707