Head - Underwriting - Life Insurance

We are seeking a dynamic and experienced professional to join Head of Underwriting for a Life Insurance division. As the Head of Underwriting, you will play a pivotal role in developing and implementing underwriting policies, ensuring the quality and profitability of the life insurance portfolio. The ideal candidate will bring a deep understanding of underwriting principles, risk assessment, and a strategic mindset to drive business success.

Responsibilities:

Strategic Leadership:

- Develop and implement the strategic vision for the underwriting function, aligning with overall business objectives.

- Provide leadership and direction to the underwriting team to achieve business goals.

- Underwriting Policy Development:

- Formulate and revise underwriting policies and guidelines for life insurance products.

- Ensure compliance with regulatory requirements and industry best practices.

Risk Assessment:

- Oversee the assessment of risk associated with life insurance applications, using a combination of medical, financial, and lifestyle information.

- Implement risk management strategies to optimize the balance between profitability and risk exposure.

Team Management:

- Build and lead a high-performing underwriting team, fostering a culture of continuous improvement and excellence.

- Provide training and mentorship to underwriters to enhance their skills and knowledge.

Quality Assurance:

- Implement quality assurance measures to ensure accurate and consistent underwriting decisions.

- Conduct regular audits of underwriting files to maintain high standards.

Collaboration:

- Collaborate with other departments, including actuarial, claims, and product development, to ensure seamless business operations.

- Work closely with the sales and marketing teams to support business growth.

Technology Integration:

- Explore and implement technological solutions to enhance the efficiency and accuracy of the underwriting process.

- Stay informed about industry trends and advancements in underwriting technology.

Reporting and Analysis:

- Prepare and present regular reports on underwriting performance, trends, and key metrics to senior management.

- Conduct in-depth analysis to identify areas for improvement and optimization.

Qualifications:

- Proven experience (15+ years) in a leadership role within life insurance underwriting.

- Bachelor's degree in a relevant field; advanced degree or industry certifications (e.g., FLMI, FALU) is a plus.

- Thorough understanding of life insurance products, risk assessment, and underwriting principles.

- Knowledge of regulatory requirements and industry best practices in life insurance underwriting.