Job Description

About Cigna Singapore Cigna Europe Insurance Company S.A.-N.V.-Singapore Branch ("Cigna Singapore") was incorporated in December 2010 to provide international health insurance to companies and their employees, as well as global private medical insurance to individuals. Cigna's extensive network of doctors and hospitals worldwide, including its partnership with large private health care providers makes Cigna the preferred choice in international health insurance.
Throughout the years, we have established a strong success and reputation for excellence in the local market, in alignment with our global enterprise direction. Our customers and their families rely on us to provide the quality of service they have come to expect. We invest in quality people and, crucially, give them the support and encouragement necessary for success. With our continuing expansion, we now have an excellent opportunity for an enthusiastic, highly goal oriented and success-driven individual to join our team.
Executive, Underwriting- Singapore
In practice, this is both challenging and exciting, requiring you to develop a detailed understanding of every aspect of the international business. This will require you to be involved with all our departments making this a demanding yet ultimately very rewarding role.
The role will include analyzing the market and develop pricing strategies for our products by identifying the financial risks involved, including technical application of sophisticated analytical tools which allow financial underwriting of group healthcare risks to create opportunities for growth and increasing profitability. You will also devise data reporting systems which allow the management and monitoring of portfolios of healthcare business. This role will report to the Lead, Underwriting.
Critical Tasks and Expected Contributions/Results:
Evaluate, price and modify plan design for renewals and new business quotations in compliance with underwriting authorities.
Evaluate renewals and work with relevant sales representatives, brokers and clients to implement required rating actions.
Manage portfolio of accounts balancing profitability and persistency.
Analyse results looking for trends and patterns that may need management currently and into the future. Work with sales and the client to implement changes.
Investigate any non-compliance of benefit adjudication and liaise with appropriate managers to ensure compliance.
Work with sales to improve their knowledge of the technical aspects of the business. Provide concise and clear instructions on what is happening to a risk and provide options to manage costs into the future.
Be market aware, understand the competition, the environment (local social security system etc.,) and the clients needs.
Support the management of the underwriting function including the recruitment, training and development of staff
Qualifications / Skills / Experience Required
University graduate preferable.
Minimum 3 years underwriting experience
Exposure in healthcare insurance business.
Ability to work independently to achieve ambitious new business targets.
Fluency in English is essential.
About Cigna
Cigna Corporation exists to improve lives. We are a global health service company dedicated to improving the health, well-being and peace of mind of those we serve. Together, with colleagues around the world, we aspire to transform health services, making them more affordable and accessible to millions. Through our unmatched expertise, bold action, fresh ideas and an unwavering commitment to patient-centered care, we are a force of health services innovation. When you work with us, or one of our subsidiaries, you'll enjoy meaningful career experiences that enrich people's lives. What difference will you make?