Underwriting Manager
XLICSE, India Reinsurance Branch
Mumbai, India
XLICSE is an Ireland domiciled insurer with branches throughout the EU, as well as Australia, Hong Kong, Singapore, Malaysia and India. It primarily writes property, casualty and specialty insurance and facultative reinsurance for large national and multinational corporations and leading insurance companies. XLICSE is part of AXA XL (a division of AXA group) which also operates in several jurisdictions worldwide.
Having obtained the certificate of registration from IRDAI to operate as a reinsurance branch located in Mumbai in 2017, the branch is well positioned to effectively develop and service clients of AXA XL in India.
As Underwriting Manager of the India Reinsurance Branch, you will set the strategy and direction for the team around industry and geographic segmentation aligned to Asia Strategic plan, AXA XL pricing and underwriting guidelines, distribution strategy and product offering.
You will perform the role of Chief Underwriting Officer which is a Key Management Position regulated under the Insurance Regulatory and Development Authority of India (IRDAI) and is also a regulated role under the Central Bank of Ireland’s Fitness and Probity regime. As a Key Management Personnel (KMP), you will also be a member of the branch executive committee which is responsible for formulating the overall strategy and direction as well as overseeing the management of the branch.
DISCOVER your opportunity
What will your essential responsibilities include?
·Work closely with the Chief Executive Officer to re-establish AXA XL reputation and presence in India.
·Develop and implement underwriting strategies, ensure sound underwriting practices, manage risk exposure and drive profitable growth.
·Oversee the underwriting process and ensure adherence to underwriting guidelines and regulatory requirements.
·Manage risk exposure by evaluating and pricing insurance policies appropriately.
·Lead and mentor underwriting teams, providing guidance and training to ensure high performance and development.
·Work closely with product heads in Asia to leverage expertise, drive business growth and innovation.
·Monitor underwriting results and performance, identifying areas for improvement and implementing corrective actions.
·Stay updated on industry trends, market conditions and regulatory changes to inform underwriting decisions and strategies.
·Foster strong relationships with reinsurance partners and underwriting agencies to optimize risk management and capacity.
·Drive growth through effective planning and execution, identify new markets and further develop existing markets.
You will report to Chief Executive Officer with a secondary reporting to Head of International Financial Lines Asia.
SHARE your talent
We’re looking for someone who has these abilities and skills:
·Established Underwriter with proven experience in underwriting leadership within the insurance, in general insurance or reinsurance industry preferred.In-depth knowledge of regulatory requirements and compliance standards.
·Leadership: Role model by setting a high bar for performance, engagement and commitment. Well experienced in managing a team.Takes initiative and has the ability to lead independently, as well as inspiring success and advancing talent and culture.
·Excellent verbal and written communication and influencing skills. Able to communicate effectively with internal and external stakeholders at all levels of sophistication. Ability to work in a changing environment and navigate the matrix organization.
·Collaborative: Ability to develop and maintain productive working relationships with internal and external stakeholders in country, Asia and the Business Unit. Capable of working and collaborating with a virtual team and providing guidance and seeking input from others as needed to achieve the best result possible.
FIND your future
AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.
How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines and specialty.
With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.
Learn more at axaxl.com
Inclusion & Diversity
AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic.
At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It’s about helping one another — and our business — to move forward and succeed.