Senior Associate, Case Management and Underwriting (Group Insurance)

Senior Associate, Case Management and Underwriting (Group Insurance)

AIA Group
1-4 years
Not Specified

Job Description

Bring your career aspirations to life with AIA!Perform financial underwriting and provide actuarial support to Corporate Solutions business with the objective of achieving business ANP, VONB and OPAT targets.
Roles and Responsibilities:
Financial Underwriting
  • Underwrites group Life, Medical, PA and Credit life cases by analyzing benefits, claim experience, terms & conditions and reinsurance arrangement to ensure sufficient margin has been catered for projected claims, medical trend, variables, expenses and profit margin while maintaining competitiveness of product.
  • Reviews benefit scope, terms and conditions of group cases with reference to internal and external rules and guidelines to ensure risk underwriting compliance as well as legal compliance.
  • Recommends benefit changes and cost-containment proposals for corporate clients by analyzing benefit coverage, scheme terms & conditions, claims pattern, medical trends, portfolio data, industry data as well as employee benefit design trends.
  • Works with Sales team to identify employee benefit gaps and develop benefit solutions for corporate clients.
  • Works with Operations, IT and Network team to develop customer-centric benefit solutions which are operational viable.
  • Gathers claim data, prepares benefit analysis and works out group cases premium projections and terms recommendations for cases exceeding local authority for higher authority review and approval.

Projects & Reports
  • Participates in projects relating to actuarial solutions, service enhancement or business initiatives
  • Prepares regular and ad hoc underwriting reports as required.

Reinsurance arrangement
  • Contacts with reinsurers for facultative reinsurance arrangement to support special quotes with non-standard benefits and terms.
  • Recommends enhancement of benefits and terms for corporate clients and works with reinsurer on benefit enhancements

Other responsibilities
  • Performs other responsibilities and duties periodically assigned by supervisor in order to meet business requirements.

Minimum Job Requirements:
  • University / College graduate plus over 1 year related working experience.
  • Communication & interpersonal skills.
  • Commitment to team work.
  • You are required to obtain relevant license if your job involves in regulated activities
  • Actuarial knowledge or exams will be helpful but not mandatory.
  • Individuals with less experience will be considered for Associate position.

About AIA Group

The roots of today's AIA Group can be traced to 1919 when entrepreneur Cornelius Vander Starr established his first insurance business in Shanghai, China. What followed was pioneering growth, securing AIA's position as the largest independent publicly listed pan-Asian life insurance group-spanning 18 markets and serving the holders of more than 38 million individual policies and more than 16 million group scheme members. AIA is based in Hong Kong and is listed on The Stock Exchange of Hong Kong under the stock code '1299' (ticker symbol: 'AAGIY'). AIA's contributions have supported social and economic progress across Asia, while also advancing the reach and impact of life insurance across the region. In 2020, we paid more than US$16 billion in benefits and claims, providing essential financial protection when it was needed the most. We also take pride in the long-term relationships we have developed with our customers and agents that in many cases have continued for generations. The insurance industry plays an important role in addressing the sustainability challenges our communities face. With this in mind, AIA's ambition is to be a global industry leader in Environmental, Social, Governance (ESG), shaping a sustainable future for the communities we serve and creating long-term value for our stakeholders. For more than a century, AIA has strived to make a significant, positive impact for our customers and communities across Asia. As we look to the future, this commitment is reinforced by our Purpose: to help millions of people live Healthier, Longer, Better Lives. Our Purpose guides the decisions we make and the actions we take as an organisation-empowering and enabling people to understand and manage their health, while meeting their long-term savings and protection needs. Helping create a healthier Asia is one of the most important and valuable things we can do for our communities, today and tomorrow.

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