Head Of Underwriting General Insurance

Job Summary:

The Head of Underwriting is responsible for leading and managing the underwriting department, ensuring the company's underwriting policies and practices are competitive, profitable, and compliant with regulatory standards. This role involves significant decision-making authority regarding policy approvals, pricing strategies, and risk assessment methodologies.

Key Responsibilities:

- Strategic Leadership and Management:
Lead the underwriting team by setting departmental goals, providing guidance, and evaluating performance to ensure alignment with the company's strategic objectives.

- Risk Assessment and Management:
Oversee the assessment of insurance applications to determine risks and decide on premium rates and coverage terms that are competitive yet profitable.

- Policy Development and Compliance:
Develop, implement, and maintain underwriting policies and procedures that comply with legal and regulatory requirements. Ensure all underwriting activities are in line with industry best practices.

- Market Analysis and Business Development:
Analyze market trends and competitor strategies to identify business opportunities and challenges. Work closely with the marketing and product development teams to design insurance products that meet customer needs and generate growth.

- Stakeholder Relations:
Build and maintain relationships with brokers, agents, and clients to understand their needs and ensure the company's products and services are effectively marketed and distributed.

- Financial Performance and Reporting:
Monitor and report on the underwriting department's financial performance, including loss ratios, premium volumes, and expense management. Make recommendations to improve profitability and efficiency.

OONA Insurance was founded as PT Asuransi Bina Dharma Arta in Jakarta on 12 October 1982. On 1999, PT Asuransi Bina Dharma Arta became public company and rebranded to PT Asuransi Bina Dana Arta Tbk, or also known as ABDA. Since 9 February 2023, ABDA Insurance has rebranded name to OONA Insurance.
OONA focuses on providing protection against any losses or damages, such as Fire, Vehicles, Engineering, Liability, Transportation, Heavy Equipment &
Machinery, Health Protection and many more.
With the support of branches spreading all over Indonesia and along with over 400 employees, we are steadily growing and becoming a strong general insurance company and a force to be reckoned with among Insurance providers in Indonesia.

OONA Insurance was founded as PT Asuransi Bina Dharma Arta in Jakarta on 12 October 1982. On 1999, PT Asuransi Bina Dharma Arta became public company and rebranded to PT Asuransi Bina Dana Arta Tbk, or also known as ABDA. Since 9 February 2023, ABDA Insurance has rebranded name to OONA Insurance.
OONA focuses on providing protection against any losses or damages, such as Fire, Vehicles, Engineering, Liability, Transportation, Heavy Equipment &
Machinery, Health Protection and many more.
With the support of branches spreading all over Indonesia and along with over 400 employees, we are steadily growing and becoming a strong general insurance company and a force to be reckoned with among Insurance providers in Indonesia.