Corporate Vice President - Underwriting Innovation
Qualified candidates, please attach resume when applying.
Our client, a growing and successful Insurance company, is seeking a Corporate Vice President of Underwriting Innovation. This role will entail designing the ideal underwriting and applications process and developing an improved underwriting rules solution which would enable the ability to give underwriting approval at point of sale. As well as, delivering key strategic capabilities and thought leadership to Underwriting innovation, research and development.
Effectively influence cross-functional teams across a broad range of functional areas to enable development and execution of a multi-year U/W Research & Development (R&D) strategy
Lead cross-functional team focused on delivering an Underwriting Rules Engine for the company, including business requirements, technology development, testing and operational deployment
Work with product to redesign the underwriting and product approach for small face amount applications and drive adoption of new technology
Analyze and drive implementation of new applications that account for the business implications and the impact to mortality, claims, and stakeholders, such as, Agency, Claims, etc.
Provide subject matter expertise and direct underwriting R&D team resources to evaluate Digital Health Data (DHD) from various sources for different underwriting and analytics use-cases
Support different team efforts related to development and deployment of New Business and Underwriting Platform
Undertake and direct research into latest medical and non-medical risk factors and trends and translate findings into underwriting policy implications
Support underwriting analytics efforts, identify and report on industry and internal trends that impact the business
10+ years of deep life insurance underwriting experience and broad life insurance industry knowledge
Familiarity and understanding of modern new business and underwriting platforms and solutions available in the industry is required, including Underwriting Rules Engines from reinsurers and other vendors
Demonstrated track record of being able to successfully lead cross-functional teams and collaborate effectively across a broad range of functions and stakeholders
Experience utilizing rules based, automated underwriting systems including development and enhancement of rules, process, etc.
Proficiency in completing and/or directing cost/benefit analyses
Familiarity of mortality tables and reinsurance underwriting manuals