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Head of Underwriting Health and Medical

Sunday

Sunday

Jakarta, Indonesia
Posted on Thursday, July 13, 2023

PT Sunday Insurance Indonesia has over 20 years of insurance presence in Indonesia. Our business started back in 1988 as a local general insurer known as PT Asuransi Hastin Utama before changing its name to PT Asuransi Aegis Indonesia in 2001. The company was then acquired by KSK Group Berhad (then known as Kurnia Asia Berhad) in 2007 and was renamed to PT Kurnia Insurance Indonesia. In June 2012, we adopted our present name as a part of its group-wide rebranding exercise.

We are headquartered in Jakarta and have a well-established presence throughout the country. We are well-supported by strategically-situated branches and have a growing agency network of almost 400 agents. We offer a comprehensive range of general insurance products catering to the needs of both individuals and businesses alike. Sunday Insurance is currently growing strong and constantly improving our services and processes to better serve our customers. We are currently looking for highly motivated people to become part of our exciting and focused team.

Purpose of the Role

  • Own, review and update underwriting guidelines and pricing conditions for all types of policies in line with company direction and targets.
  • Collaborate with data science and insurtech partner(s) to leverage data and technology to automate quotation, pricing, policy issuance, and endorsement processes in line with our company’s financial targets, workflow, and SOPs.
  • Review, update and manage workflow, SOPs, and manual for the team to receive, review and issue policies and endorsements for group and individual applications or standard sales orders in partnership with our sales channels/producers (broker and agents).
  • Define and execute good strategies in partnerships with our sales channels/producers (broker and agents) to scale written premiums and improve profitability of portfolio.
  • Prepare periodic reports and analysis to update management on underwriting performance and productivity leveraging Tableau and other data tools or dashboards.
  • Validate and ensure that all premiums proposed and policies issued via our core system complies with OJK regulation and Company Underwriting Guideline as updated from time to time.
  • Manage a team of underwriter(s), policy issuance and endorsement team to support smooth and complete underwriting processes.
  • Participate in internal meetings including but not limited to senior management team meetings, and external meetings with clients where requested.
  • Initiative new product, features, coverages and / or plans for the company to introduce to the market, and prepare ratings and wordings for OIC product application and approvals; in support of this initiative, prepare market research and study including but not limited to competitor benchmarks for clear differentiation to the market.
  • Provide complete and accurate information to all and any operations team(s) to facilitate policy issuance, endorsement and invoicing correctly and on time.
  • Control and manage that all end to end underwriting functions comply within our turnaround time (TAT) and service level agreements (SLA) agreed within the Company and with our sales channels and sales producers (brokers and agents). Identify and implement methods to optimize performance TAT and SLA to provide better services to our clients.

Education and Experience

  • Bachelor’s Degree of Administration, Insurance or Nurse or in any related field.
  • Minimum 8 years in the insurance company as Underwriting.
  • Experience in Leadership, Teamwork & Operation for underwriting (Health, PA or Life).
  • Extensive knowledge of the insurance industry and marketplace including coverage issues, regulator issues and impact.
  • Strong analytical and problem-solving skills.
  • Excellent communication skills (verbal and written) in English and Bahasa.
  • Good computer literacy, Microsoft Word, PowerPoint, and especially excel.
  • Supervisory skills including delegating tasks/authorities, provide guidance, personnel management.