Broker

WTW
Singapore
On-site

Who this role is best for

A natural match if you have experience in broking strategy and client risk assessment. This role is based in Singapore and demands strong leadership and collaboration with regional teams.

Best fit for

  • Candidates with experience in broking strategy and client risk evaluation in Asia
    — “Work with client relationship directors, industry leaders and retail offices across the Asia region”
  • Individuals who can lead complex insurance placements and drive executive-level conversations
    — “Deliver market knowledge including proposed placement structures, pricing, and demonstrating market experience and relationships”
  • Professionals with strong leadership and project management capabilities in insurance
    — “Strong leadership skills; effectively advocates for change. Provides encouragement, takes control of team projects, leads key work areas, and collaborates with others.”

Things to consider

  • Requires active participation in client and underwriter meetings across the Asia region
    — “Request / Attend and participate in regular client and underwriter meetings”
  • Involves extensive collaboration with internal and external stakeholders
    — “Ability to leverage internal and external relationships to bring WTW resources and assets tailored to client needs”

How to stand out

  • Highlight experience in leading broking strategies and securing client coverage
    — “Lead the broking strategy and placement of individual accounts including new business and renewals”
  • Emphasize expertise in insurance program design and risk analysis
    — “Provide coverage and program design advice and expertise to clients; perform needs and gap analysis”
  • Showcase ability to build and maintain strong client and underwriter relationships
    — “Build strong partnerships with a broad range of organizations and stakeholders in the market”
  • Demonstrate capability in negotiating and finalizing complex carrier deals
    — “Negotiate and finalize carrier quotes, terms and conditions and coverage confirmations”
  • Demonstrate leadership in managing broking functions and team projects
    — “Set priorities and standards for the broking function and regularly review and evaluate the performance”
Pace · Fast PacedCollaboration · HighAutonomy · MediumDecision Impact · Team

Derived from job-description analysis by Serendipath's career intelligence engine.

What success looks like

  • successful placements
  • client satisfaction
Typical background
insurance industry experience

Skills & requirements

Required

BrokerageRisk AssessmentMarket KnowledgeClient Relationship Management

Preferred

Project ManagementInsurance Technical Skills

Stack & domain

Market KnowledgeCoverage FormsProject ManagementInsurance Technical SkillsCommunicationNegotiationInfluencingProblem-solvingPlanningGroup PresentationRelationship ManagementCustomer FocusLeadershipACII

About the role

Original posting from WTW

The Role

Lead the broking strategy and placement of individual accounts including new business and renewals.Support new business RFPs – both written content and oral presentations by delivering market knowledge including proposed placement structures, pricing, and demonstrating market experience and relationshipsWork with client relationship directors, industry leaders and retail offices across the Asia regionProvide knowledge, leadership, insight, and direction for broking activities to ensure that clients’ expectations are regularly met. Orchestrate new business placement, renewals, and alterations of existing coverage.Develop, review, and deliver presentations to secure new, and build on existing, relationships.Review and evaluate information and analytics to assess and evaluate client risks to support the placement of client risks in the market.Research and evaluate all solutions (insurance and otherwise) to identify and develop optimum risk solutions for clients.Provide coverage and program design advice and expertise to clients; perform needs and gap analysis to make recommendations regarding program improvements.Build strong partnerships with a broad range of organizations and stakeholders in the market to secure optimum terms and conditions for clients.Set priorities and standards for the broking function and regularly review and evaluate the performance of the function to ensure it is relevant and cutting-edge.Work closely with associates to stay on top of changes in the marketplace.Oversee design and preparation of draft proposals; negotiate and finalize carrier quotes, terms and conditions and coverage confirmations to ensure contract certainty.Bind carrier quotes and review binders and coverage confirmations.Request / Attend and participate in regular client and underwriter meetings.Conduct program peer reviews.Provide coaching to brokers in training.

Preferably degree-qualified in any discipline 

Ideally professional qualifications such as ACII or similar country equivalent, or relevant industry experienceAbility to work as a team player in a dynamic broking environment.Exceptional communication, negotiation and influencing skills.High levels of business and financial acumen with an understanding and support of company strategyStrong skills in problem-solving and planning. Strong group presentation skills (written and verbal); ability to drive complex/technical conversations and engage at an executive level.Relationship management and customer focus; ability to leverage internal and external relationships to bring WTW resources and assets tailored to client needs; ability to drive conflict resolution.Negotiation skills: ability to develop innovative and creative solutions to do complex deals, and drive consensus across internal and external stakeholders to close deals.Business acumen: knowledge of strategy, tactics, and solutions for the client, and/or in the marketplace.Project Management: ability to drive end-to-end oversight of large, complex, ambiguous, or multi-dimensional projects.Receptive to feedback; critical thinking and problem-solving skills; high adaptabilityKnowledge of end-to-end insurance process, including process owners and rationale/purpose of key steps.Strong leadership skills; effectively advocates for change. Provides encouragement, takes control of team projects, leads key work areas, and collaborates with others. Provides clear guidance to ensure others fulfil roles effectively.Insurance technical skills: ability to apply knowledge of coverage forms in analysis of program design, identification of coverage gaps and ongoing coverage consultation. Ability to interpret, analyze and present models.Equal Opportunity Employer

Source: WTW careers

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