Position Overview

The HK Underwriting team is looking for a medical professional with life and health product development and underwriting experience to assist with the development and rollout of new novel insurance products and associated risk controls to ensure *** remains at the forefront of the industry whilst maintaining long term profitability and steadfast risk management practices.  

The Director, Product Development Underwriting, is a highly influential position, impacting new business growth and, ***’s brand in product development, innovation, risk management and underwriting excellence. 

This permanent full-time position is based in Hong Kong and reports into the Executive Director, Underwriting, Hong Kong & High Net Worth Markets.

Responsibilities

• Work both independently and closely with other team members in Underwriting, Business Development, Product Development and Pricing to identify and research new product opportunities, developing them into concrete product designs or solutions. Ensure the implementation of innovative product solutions will drive profitable and sustainable growth for *** and its clients
• Provide advice, medical literature review, and relevant statistical research to assist with assumptions setting, product pricing and development of new pricing bases
• Evaluate and create underwriting and claims risk management frameworks for product concepts and benefit design
• Coordinate with various *** experts within local, regional, and global teams to identify, discuss and obtain approval for new product concepts/designs/benefits, identifying risks and risk mitigants through intelligent product design, practical underwriting guidelines and astute claim controls
• Review product design, policy provisions, treaties, business development proposals and underwriting guidelines and tables as required
• Complete research and stay at the forefront of medical and insurance industry developments, both locally and internationally, to identify opportunities and insights to support new product ideation and the setting of pricing assumptions
• Participate in client meetings to present new ideas, handle concerns or address queries to resolve challenges. Develop strong relationships with product management, underwriting and medical personnel at client companies
• Render efficient and courteous service to internal and external clients and ensure specified timelines and quality of service are maintained
• Assist with or conduct underwriting and product training for client companies and internal teams, as required
• Present at business development or industry seminars, as required
• Travel as per the requirements of the business for client meetings, presentations, internal or seminars or for other related activities

Requirements

Required

• Possession of a medical or para-medical qualification
• 8+ years’ insurance medicine or case underwriting experience handling medical and other living benefit products
• 3+ years’ clinical practice experience preferably in Hong Kong
• Good knowledge of insurance medical practices, trends and research and the ability to apply and communicate this knowledge to underwriters and management
• Advanced ability to comprehend and interpret insurance and contract documents
• Creative, agile and open minded with a flair to take up challenges and deliver solutions within agreed timelines
• Demonstrated interpersonal skills and ability to build professional relationships with various stakeholders
• Excellent oral and written communication and presentation skills
• Proficiency in written and spoken English

Preferred

• Experience in life and health (re)insurance product development and underwriting guideline development
• Experience in the review of life and living benefits claims
• Deep understanding of Hong Kong’s medical system and clinical practices
• Strong ties to Hong Kong and other international academic institutions
• Proficiency in Cantonese, Mandarin or other Asian languages will provide a significant advantage