3,471 Insurance jobs in Malaysia

The Line(s) of Business Underwriting Manager I leads, drives, and is accountable for the underwriting strategy and performance of specific lines of business across all markets within their designated domain, typically a medium to large country or market segment, ensuring alignment with overall business objectives.

1. Develops and oversees the execution of underwriting strategies for specific lines of business to achieve portfolio performance goals.
2. Identifies opportunities and risks, using data and insights to inform decisions and implement necessary changes.
3. Leverages knowledge of market trends and distribution dynamics, working with local teams to meet customer needs.
4. Serves as a referral point for underwriting decisions requiring empowerment.
5. Collaborates with internal stakeholders to meet business objectives and ensures consistency and adherence to underwriting standards within local teams.
6. Improves underwriting processes and efficiency, and nurtures talent to ensure organizational sustainability and future readiness.

• Demonstrates commitment to corporate values.
• Participates actively in the performance management cycle.
• Acts to improve personal and team performance.
• Supports and collaborates with co-workers.
• Engages in personal development activities.

• Market/Economic Environment - Proficiency Level 2
• Exposure/Accumulations - Proficiency Level 2
• Underwriting Strategy - Proficiency Level 2
• Risk Insights - Proficiency Level 2
• Customer Centricity - Proficiency Level 3

• Analytical Thinking - Proficiency Level 2
• Business Acumen - Proficiency Level 2
• Decision Making - Proficiency Level 3
• Insurance Legal & Regulatory Environment - Proficiency Level 2
• Negotiation - Proficiency Level 2
• Operating Globally - Proficiency Level 2
• Organizational Agility - Proficiency Level 2
• Problem Solving - Proficiency Level 3
• Relationship Management - Proficiency Level 3
• Stakeholder Management - Proficiency Level 3
• Strategic Thinking - Proficiency Level 3

You are the heart & soul of Zurich!

At Zurich, we encourage thinking outside the box and challenging the status quo. We focus on positive outcomes and ask, "What can go right?"

We value our employees' experience and knowledge, offering diverse opportunities across business areas to support your career growth within Zurich.

Let’s grow together!

Executive recruitment company Monroe Consulting Group's Professional Division is partnering with a leading insurance provider in Malaysia. The company is dedicated to driving sustainable growth through a strong focus on distribution strategy, field force development, and customer engagement. With an established presence in the market and ambitious growth plans, the company is seeking a dynamic leader to strengthen its sales organization.

We are looking for an experienced Head of Sales to spearhead the agency distribution channel, reporting directly to the Chief Distribution Officer. This leadership role is pivotal in shaping sales strategies, driving recruitment and productivity, and building a high-performing sales culture across the organization.

Job Descriptions

• Develop and implement workstream plans aligned with the company's sales and distribution strategy.
• Set clear, measurable sales and performance targets for the agency force.
• Drive achievement of business objectives including sales, recruitment, agent activation, and leader development.
• Design and execute strategic initiatives and MAPA-based programs to enhance productivity, improve persistency, and strengthen agent retention.
• Lead, mentor, and motivate a high-performing business development team, ensuring continuous skill development and capability uplift.
• Build and maintain strong relationships with key field force leaders and strategic partners.
• Oversee daily sales operations, ensuring efficiency, effective resource allocation, and strong execution.
• Monitor agency performance, analyze trends, and take corrective actions where necessary.
• Collaborate cross-functionally with marketing, product development, underwriting, operations, and claims teams to deliver seamless execution of initiatives.

Job Requirements

• Bachelor's degree in Business, Marketing, Finance, or a related field (CFP, RFP, or FLMI certification is an added advantage).
• 10-15 years of progressive sales leadership experience within the insurance industry.
• Proven track record of driving sales growth and managing agency and/or multi-channel distribution teams.
• Strong strategic planning capability paired with hands-on operational execution.
• Excellent leadership and people management skills, with experience mentoring large sales teams.
• Strong business acumen, analytical ability, and decision-making skills.
• Outstanding communication, negotiation, and relationship-building abilities.
• Ability to thrive in a fast-paced, competitive, and dynamic market environment.

The Line(s) of Business Underwriting Manager I leads, drives, and is accountable for the underwriting strategy and performance of specific lines of business across all markets within their designated domain, typically a medium to large country or market segment, ensuring alignment with overall business objectives.

• Develops and oversees the underwriting strategy for specific lines of business to achieve portfolio performance goals.
• Identifies opportunities and risks, utilizing data and insights for informed decision-making and implementing necessary changes.
• Leverages knowledge of market trends and distribution dynamics, working with local teams to meet customer needs.
• Serves as a referral point for underwriting decisions requiring empowerment.
• Collaborates with internal stakeholders and local underwriting teams to ensure consistency and adherence to standards.
• Improves underwriting processes and efficiency, and nurtures talent to ensure organizational sustainability and future readiness.

• Demonstrates commitment to corporate values.
• Participates actively in the performance management cycle.
• Acts to improve personal and team performance.
• Supports and collaborates with colleagues.
• Engages in personal development initiatives.

• Market/Economic Environment - Proficiency Level 2
• Exposure/Accumulations - Proficiency Level 2
• Underwriting Strategy - Proficiency Level 2
• Risk Insights - Proficiency Level 2
• Customer Centricity - Proficiency Level 3

• Analytical Thinking - Proficiency Level 2
• Business Acumen - Proficiency Level 2
• Decision Making - Proficiency Level 3
• Insurance Legal & Regulatory Environment - Proficiency Level 2
• Negotiation - Proficiency Level 2
• Operating Globally - Proficiency Level 2
• Organizational Agility - Proficiency Level 2
• Problem Solving - Proficiency Level 3
• Relationship Management - Proficiency Level 3
• Stakeholder Management - Proficiency Level 3
• Strategic Thinking - Proficiency Level 3

At Zurich, we value innovation, collaboration, and continuous growth. We encourage our employees to think creatively, challenge the status quo, and pursue opportunities for professional development. Join us in shaping the future of insurance and making a positive impact worldwide.

EY Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia

Join to apply for the Risk Consulting - Actuarial (Life Insurance), Associate role at EY

EY Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia

Join to apply for the Risk Consulting - Actuarial (Life Insurance), Associate role at EY

We are the only professional services organisation who has a separate business dedicated exclusively to the financial services marketplace. Join Financial Services (FSO) and you will work with multi-disciplinary teams from around the world to deliver a global perspective. Aligned to key industry groups including asset management, banking and capital markets, insurance and private equity, we provide integrated consulting, assurance, tax, and transaction services.

Join this team and you will provide clients with traditional actuarial services (e.g., reserving, pricing and mergers and acquisition support), as well as leading edge services such as financial reporting and measurement, financial risk management, modelling, hedging, reinsurance, securitization, economic capital and solvency.

With so many offerings, you have the opportunity to develop your career through a broad scope of engagements, mentoring and formal learning. That’s how we develop outstanding leaders who team to deliver on our promises to all of our stakeholders, and in so doing, play a critical role in building a better working world for our people, for our clients and for our communities. Sound interesting? Well this is just the beginning. Because whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.

The opportunity

As part of our life actuarial team, you’ll focus on high-impact opportunities to apply your knowledge and experience that will shape our services. You’ll build valuable relationships with clients and develop strong capabilities, through both formal training and working with senior mentors and talented colleagues. You will be at the forefront of issues that are shaping the insurance industry in Asia and gain a wide exposure to a diverse range of actuarial projects.

Your Key Responsibilities

As a Senior Associate in the Actuarial Consulting team, you’ll be leading or working as part of a project team to deliver a wide range of client engagements. This includes:

• Regulatory changes, including IFRS17 and Risk-Based Capital
• Actuarial Valuation, embedded value reviews, regulatory related reviews
• Performance evaluation in areas related to financial risks, product distribution and capital issues
• Advanced financial modelling approaches and systems e.g., designing valuation and Asset Liability Management frameworks
  
  

• Strong analytical and problem-solving skills
• Strong drive to excel professionally, and to guide and motivate others
• Advanced written and verbal communication skills
• Dedicated, innovative, resourceful, analytical and able to work under pressure
• Foster an efficient, innovative and team-oriented work environment
  
  

• Minimum 2 years of experience in the life/family takaful actuarial team or an actuarial consulting firm
• Candidates with lesser experience will be considered for Associate position
• Actively pursuing actuarial qualifications with either the Institute and Faculty of Actuaries (UK), the Society of Actuaries (US) or the Institute of Actuaries of Australia
• Depth of experience in at least one of the following areas:
• Financial and regulatory reporting
• Valuation of life insurance/family takaful liabilities
• IFRS17
• Financial modelling
• Good understanding of economic or market issues and the ability to interpret their impact on clients
• Experience in working in a project-based, team-oriented environment, with a proven track record of delivering in face-paced and demanding environment
• Be an influential leader of the team, contribute to our positive learning culture, coach and mentor junior team members and help them to develop
• Ability to establish personal credibility quickly and demonstrate expertise
  
  

• Good knowledge of Prophet software
  
  

• Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.
• Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
• Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.
• Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.
  
  

• Seniority level Mid-Senior level

• Employment type Full-time

• Job function Consulting, Information Technology, and Sales
• Industries Professional Services

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Senior Executive (MAT) - Marine , Aviation & Transportation- Underwritting

Full time & Permanent role WFO

• Primary responsibility is to manage new & existing book of renewable business through a demonstration of the following skills and abilities:

• Fundamentals of coverage, terms and conditions. Ability to offer coverage, terms and conditions which generate a profit for the Company while meeting the needs of the customer.
• Risk Assessment. Ability to identify risk exposures, special or common hazards, and appropriate controls. Ability to select risk based on exposure and risk analysis. Ability to analyse claims and quantify losses.
• Financial proficiency. Understanding of insurance financial fundamentals and their impact on underwriting decisions.
• Actuarial fundamentals. Ability to understand loss trends and ratemaking. Ability to quantify risk based on experience history and forecasting methods.
• Marketing and communications. Ability to sell and negotiate to achieve bottom line profitability for the Company. Ability to base communications on strategic thinking. Ability to manage producer strategy.
• Systems and programs. Ability to use systems and software programs needed to conduct daily business.

MAJOR DUTIES & RESPONSIBILITIES:

Duties may include but are not limited to:

• Within established business plans and assigned authority, select, analyse, and underwrite individual risks utilizing corporate pricing and reinsurance techniques to obtain desired results
• Negotiate facultative reinsurance on accounts where needed
• Manage a renewable book of business offering strategic underwriting guidance including rate/terms/deductibles
• Monitor results of the overall book of business assigned and recommend corrective action as necessary to insure retention of desirable accounts
• Provide quality and timely input on assigned projects to meet the Company’s needs in the changing market and to support profitable growth
• Participate in audits and/or underwriting meetings as required

Summary

The incumbent will be responsible for managing and growing the value of the agency distribution channel within the assigned branch. He/she is required to deliver the Company’s annual sales plan and expand the agency sales force through sound recruitment, retention and productivity programs. In addition, he/she is required to achieve the Company’s persistency objectives and implement any other such plans as regulated under the Malaysia Agency Blueprint.

1. Key Accountabilities:

To implement the strategic sales incentives as formulated in the medium and long-term direction of the business. To ensure achievement of sales targets, optimal market coverage, realize any market segment objectives and ensure optimal market penetration in any specified segments.

2. Operative Functions:

• To achieve recruitment target of the branch and establish a professional agency force.
• To plan, deploy and review the recruitment activities with agency leaders.
• To assist agency leaders in interviewing and selection of quality agents.

3. Productivity:

• To achieve production target of the branch
• To increase the productivity of agents. Ensuring no zero case and all leaders to maintain the threshold AAR.
• To improve and enhance quality of agents through training, monitoring, supervision and guidance.
• To achieve a minimum number of full-time agents as assigned by Company.
• To organize a full-time club activity to drive productions.
• To develop a group of potential full timer and groom them to become full time with professional quality servicing agent and future agency leader.
• Manage the non-performing agents within the guidelines stipulated by the Company from time to time.

• Minimum of 5-7 years' experience in agency distribution, recruitment or sales management.
• Bachelor’s degree in a related field.
• Strong understanding of the insurance or financial services industry in Malaysia.
• Proven track record in achieving sales targets and managing a high-performing team.

With guidance, underwrites and analyzes new and existing life insurance business within delegated authority levels to achieve business goals and maximize customer satisfaction.

• Completes assignments of moderate to high complexity within delegated authority.
• Provides technical underwriting support and guidance to customers and distributors, ensuring excellent customer service.
• Maintains relationships with internal and external distributors by requesting correct evidence, making appropriate decisions, and explaining rating decisions clearly.
• Handles queries and referrals within authority limits, assessing risk and maintaining underwriting standards.
• Contributes to the development and enhancement of underwriting standards, controls, and procedures to meet business objectives.
• Suggests ideas for new or improved propositions, procedures, and philosophies to ensure appropriate premium charges for risks.
• Identifies training needs for self and others and assists with training as needed.

You are the heart & soul of Zurich!

At Zurich, we encourage innovative thinking and challenge the status quo. We focus on positive outcomes and continuously ask, "What can go right?"

We value our employees' experience and expertise and offer diverse opportunities across our business areas to support your career growth within Zurich.

We are the only professional services organisation who has a separate business dedicated exclusively to the financial services marketplace. Join Financial Services (FSO) and you will work with multi-disciplinary teams from around the world to deliver a global perspective.

Join this team and you will provide clients with traditional actuarial services (e.g., reserving, pricing and mergers and acquisition support), as well as leading edge services such as financial reporting and measurement, financial risk management, modelling, hedging, reinsurance, securitization, economic capital and solvency.

With so many offerings, you have the opportunity to develop your career through a broad scope of engagements, mentoring and formal learning.

As part of our life actuarial team, you’ll focus on high-impact opportunities to apply your knowledge and experience that will shape our services. You’ll build valuable relationships with clients and develop strong capabilities, through both formal training and working with senior mentors and talented colleagues.

As a Senior Associate in the Actuarial Consulting team, you’ll be leading or working as part of a project team to deliver a wide range of client engagements. This includes:

• Regulatory changes, including IFRS17 and Risk-Based Capital
• Actuarial Valuation, embedded value reviews, regulatory related reviews
• Performance evaluation in areas related to financial risks, product distribution and capital issues
• Advanced financial modelling approaches and systems e.g., designing valuation and Asset Liability Management frameworks

• Strong analytical and problem-solving skills
• Strong drive to excel professionally, and to guide and motivate others
• Advanced written and verbal communication skills
• Dedicated, innovative, resourceful, analytical and able to work under pressure
• Foster an efficient, innovative and team-oriented work environment

• Minimum 2 years of experience in the life/family takaful actuarial team or an actuarial consulting firm
• Candidates with lesser experience will be considered for Associate position
• Actively pursuing actuarial qualifications with either the Institute and Faculty of Actuaries (UK), the Society of Actuaries (US) or the Institute of Actuaries of Australia
• Depth of experience in at least one of the following areas:
• Financial and regulatory reporting
• Valuation of life insurance/family takaful liabilities
• IFRS17
• Good understanding of economic or market issues and the ability to interpret their impact on clients
• Experience in working in a project-based, team-oriented environment, with a proven track record of delivering in face-paced and demanding environment
• Be an influential leader of the team, contribute to our positive learning culture, coach and mentor junior team members and help them to develop
• Ability to establish personal credibility quickly and demonstrate expertise

• Good knowledge of Prophet software

Highly motivated individuals with excellent problem-solving skills and the ability to prioritize shifting workloads in a rapidly changing industry.

EY offers a competitive remuneration package commensurate with your work experience, where you’ll be rewarded for your individual and team performance.

• Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.
• Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
• Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.
• Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

EY is an equal opportunities employer and welcomes applications from all qualified candidates. We are committed to building a culture of inclusion and belonging, and we strive to create an environment where everyone feels valued and respected.

Head of Underwriting, Life Insurance (Hong Kong relocation opportunity!)

My client is a prominent Life Insurance company in Hong Kong, offering a wide range of insurance products and services to meet diverse customer needs. They are seeking an enthusiastic candidate to lead their innovative Life Underwriting team.

Job responsibilities:

• Lead and drive initiatives for underwriting-related transformation projects
• Strategize and implement innovative solutions to enhance underwriting processes
• Lead teams in assessing new business applications and reviewing complex cases
• Maintain sound relationships with stakeholders and provide quality customer service
• Enhance workflows and systems for consistent underwriting decisions
• Support the development and coaching of Underwriters

Job requirements:

• Degree holder with professional insurance qualification like FLMI or ICA
• 15 years of experience in life insurance underwriting, with at least 8 years at a managerial level
• Demonstrates strong analytical and problem-solving abilities
• Sound leadership abilities, including the skill to inspire and oversee cross-functional teams.
• Excellent written and verbal communication skills in English, Cantonese, and Mandarin

We are an equal opportunities employer and welcome applications from all qualified candidates.