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About the Role
The Corporate AVP, Underwriting Risk & Governance is responsible for maintaining the organization's underwriting philosophy, risk appetite, technical standards, and governance framework for all life and health insurance businesses. This role acts as a corporate risk subject matter expert, providing guidance on underwriting risk management globally, with a focus on emerging risks, high-net-worth markets, and the impact of underwriting and product design on long-term business performance.
Responsibilities
- Support and champion corporate underwriting philosophy, risk appetite, and underwriting governance standards.
- Provide enterprise oversight of underwriting practices across life, health, critical illness, disability, and medical reimbursement products.
- Evaluate proposed changes to underwriting requirements, underwriting evidence, accelerated underwriting programs, automation initiatives, and digital underwriting solutions.
- Assess and communicate the mortality and morbidity implications associated with underwriting and product design changes.
- Evaluate mortality and morbidity risks associated with existing and proposed products, underwriting methodologies, and distribution strategies.
- Assess the impact of product features, underwriting evidence requirements, and benefit structures on expected mortality and morbidity outcomes.
- Partner with actuarial, product, and risk management teams to monitor emerging experience trends and recommend mitigation strategies.
- Provide technical leadership on mortality and morbidity risk management across multiple markets.
- Assess product design features for anti-selection, fraud, claims, and sustainability risks.
- Identify underwriting controls, medical requirements, and risk management measures necessary to mitigate adverse selection and fraud exposure.
- Provide risk guidance during new product development and product enhancement activities.
- Evaluate the potential impact of product design changes on underwriting outcomes and claims experience.
- Identify emerging fraud risks and vulnerabilities within underwriting and product frameworks.
- Recommend underwriting, medical, and operational controls designed to mitigate fraud exposure.
- Partner with claims, investigations, and risk management teams to identify trends and strengthen preventive measures.
- Provide technical leadership on high-net-worth and Private Wealth underwriting practices, particularly within Asian markets.
- Evaluate large face amount and complex financial underwriting cases.
- Monitor market developments and emerging risk trends impacting high-net-worth and Private Wealth business.
- Support business units in developing prudent underwriting strategies for complex and high-exposure risks.
- Provide leadership and guidance regarding retention management practices.
- Evaluate retention limits, concentration risk, and reinsurance effectiveness.
- Partner with reinsurance stakeholders as permitted to ensure alignment between underwriting strategies and risk transfer objectives.
- Lead complex cross-functional underwriting initiatives involving multiple business units, jurisdictions, and product lines.
- Influence senior leaders and business partners on underwriting, mortality, morbidity, and product risk matters.
- Provide strategic recommendations balancing growth opportunities with responsible risk management.
- Serve as a trusted advisor to the Corporate Chief Underwriter on emerging underwriting and insurance risks.
- Research emerging medical, underwriting, product, and industry developments.
- Participate in the development and maintenance of underwriting manuals, medical guidelines, and risk assessment standards.
- Translate emerging medical evidence and industry research into practical underwriting guidance.
- Represent the organization externally through industry associations, conferences, forums, and professional organizations.
Requirements
- Minimum 15 years of progressive life and health underwriting experience.
- Minimum 5 years holding an individual underwriting approval authority of at least $30 million (preferred).
- Significant experience assessing complex mortality and morbidity risks.
- Experience underwriting high-net-worth and large face amount business, including exposure to Asian insurance markets.
- Demonstrated experience evaluating underwriting implications of life, health, disability, critical illness, hospital indemnity, and medical reimbursement products.
- Proven experience leading complex underwriting, governance, or risk initiatives across multiple business units or jurisdictions.
- Experience working with reinsurance and retention management frameworks.
- Experience developing underwriting philosophy, guidelines, manuals, and risk governance standards.
- Proven ability to influence business risk management and underwriting leaders.
- Strong strategic thinking and risk assessment capabilities.
- Exceptional communication, presentation, and stakeholder management skills.
- Ability to work independently with minimal direction while managing multiple concurrent priorities.
- Strong collaboration skills with the ability to drive alignment across diverse stakeholders.
- Comfortable operating in a dynamic environment focused on governance, consultation, project leadership, innovation, and enterprise risk oversight rather than production underwriting activities.
Skills
- Underwriting
- Risk Management
- Mortality Risk
- Morbidity Risk
- Product Development
- Governance
- Fraud Risk
- High-Net-Worth Underwriting
- Reinsurance
- Retention Management
- Strategic Thinking
- Communication
- Presentation
- Stakeholder Management
- Collaboration
Location
- Asia
Work Type
- Hybrid
Experience Level
- Senior
- 15+ years
Education Level
- FALU
- FLMI
- Additional designations in risk management, supplemental health, or related disciplines
Salary/Compensations
- $140,000 - $225,000
Benefits
- Sabbatical Program (up to 6 weeks off every five years)
- Care Days
- Sick Days
About the Company
- Sun Life is driven by its Purpose: helping Clients achieve lifetime financial security and live healthier lives.
- Values: caring, authentic, bold, inspiring, and impactful.
- Ranked among the top 100 most sustainable global corporations by Corporate Knights for the 15th consecutive year.
- Listed on the 2024 Best Workplaces in Canada list by Great Place to Work.
- Listed as one of the Best Workplaces for Women and Best Workplaces with Most Trusted Executive Teams.
- A hybrid organization offering flexibility to work from both the office and virtually.
Equal Opportunity
- Diversity and inclusion have always been at the core of our values at Sun Life. A diverse workforce with wide perspectives and creative ideas benefits our Clients, the communities where we operate and all of us as colleagues. We welcome applications from qualified individuals from all backgrounds.
- Persons with disabilities who need accommodation in the application process, or those needing job postings in an alternative format, may e-mail a request to thebrightside@sunlife.com.