Chief Underwriting Officer, Insurance, HSBC

HSBC

Location:
Hong Kong, Mongkok

Category:
Insurance

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

Hang Seng Bank was one of Hong Kong's bancassurance pioneers with insurance business footprint started since 1965. Over the years, Hang Seng Bank has been committed to serve its customers by providing full spectrum of insurance products including Life Insurance manufacturing, distribution of General Insurance and Medical products, and MPF business. Insurance is a fast-growing business and is one of the key drivers of Hang Seng Bank. As a well-established insurance entity, we take care of every need of our customers with an optimized service excellence through the Bank’s retail and commercial network, with a dedicated team of professionals in place.

Job Responsibility:

Carry a personal underwriting authority covering mass market and HNW or greater Face Sum Insured, and maximum level of substandard life authority under reinsurer auto-binding authority, and for declinature and postponement cases as appropriate
Oversees daily operations and quality assurance of the Underwriting Services Team
Monitors underwriting rules, guidelines and philosophy as to continue its market competitiveness and effectiveness
Empowered to implement changes to underwriting practices including leading the Underwriting Rule Engine (URE) straight through processing initiatives to automate and streamline UW process
Lead the Underwriting Services Team and work effectively with others within the organization in achieving the delivery of the overall business objective and customer experience
Develops training programs to uplift onshore and offshore team capabilities with a focus on HNW underwriting and ensure compliance of internal external regulatory requirements
Engages with stakeholders, including but not limited to Chief Actuary, Chief Risk Officer, Head of Regulatory Compliance officer, Reinsurers, and distribution partners (bank and non-bank channels), to align underwriting strategies

Requirements:

Proven experience in life insurance underwriting with focus on the High Net Worth market
Fellow of the Academy of Life Underwriting, Fellow Life Management Institute, or Chartered Life Underwriter will be highly preferred
Hold a substantial financial sum insured authority of likely not less than USD 20m
Excellent communication, interpersonal, and analytical skills
Strong leadership skills, self-motivation and ability to work under pressure
Proficiency in both English and Chinese
Professional qualifications such as Enhanced Competency Framework (ECF) and/or Certified Banker (CB) under Hong Kong Institute of Bankers (HKIB) would be an advantage

What we offer:

Dynamic working environment
Good career development opportunities
Competitive compensation packages

Additional Information:

Job Posted:
June 04, 2025

Expiration:
July 02, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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Chief Underwriting Officer, Insurance

HSBC

Location:Hong Kong, Mongkok

Category:Insurance

Contract Type:Not provided