Business Development Manager (Reinsurance and Underwriting Partnerships)

Reposted 11 Days Ago
Be an Early Applicant
Kuala Lumpur, WP. Kuala Lumpur, Kuala Lumpur, MYS
In-Office
Mid level
Fintech • Insurance • Software • Financial Services
The Role
The Business Development Manager is responsible for originating and closing reinsurance and underwriting partnerships, leading discussions, developing deals, and building long-term relationships in the insurance value chain.
Summary Generated by Built In

ABOUT US:

PolicyStreet Group is a full-stack insurance technology (insurtech) group of companies providing digital insurance solutions to businesses and consumers across Asia and Australia.

The Group operates through multiple entities across its key markets and business lines, including its insurance distribution, embedded insurance, and reinsurance arms. It partners with over 40 insurance and takaful providers globally to deliver employee benefits and group insurance solutions, insurance aggregation services, and digital infrastructure that simplifies insurance.

PolicyStreet Group is backed by leading venture capital firms Altara Ventures and Gobi Partners, as well as sovereign wealth funds Khazanah Nasional Berhad and Cool Japan Fund. The Group serves over 10 million customers with more than US$10 billion in sum insured. It was featured in the Financial Times and Statista’s Top 500 High-Growth Companies Asia-Pacific 2026 list and named “Most Disruptive Insurtech in Malaysia” at the Insurance Asia News (IAN) Country Awards for Excellence 2025.

As a licensed Reinsurer, General Insurer and Takaful Operator by the Labuan Financial Services Authority (LFSA), an approved Financial Adviser and Islamic Financial Adviser by Bank Negara Malaysia (BNM), and a licensee of the Australian Financial Services License by the Australian Securities and Investments Commission (ASIC), PolicyStreet is able to underwrite, customize policies, and provide unbiased advice to its clients and partners worldwide.

WHY POLISEA RE?

  • An a+ RAM-rated licensed reinsurance arm of PolicyStreet Group with underwriting authority and capital strength.
  • Designed to unlock protection capacity by converting fragmented micro-risks (high-volume, low-ticket, emerging) into institutional-grade portfolios.
  • Direct access to underwriting, pricing, actuarial, analytics, and product teams.
  • Exposure to embedded, parametric, and data-led risk programs.
  • Regional work across Southeast Asia and beyond, operating at the intersection of structured risk, embedded insurance, and data-driven underwriting.

ABOUT THE ROLE:

We’re building the next generation of underwriting-led, technology-enabled reinsurance. 

As such, we are looking for a Business Development Manager who is a true hunter — someone who originates underwriting opportunities and wants to move closer to the risk, not just place it.

WHAT YOU’LL DO:

  • Originate & Hunt Underwriting Opportunities
    Carrying a Builder + Hunter role, you would be responsible to actively identify, develop, and close reinsurance and underwriting partnerships across treaty, facultative, quota share, and structured programs.
  • Own the Front-End of Deal Creation
    Drive real ownership by leading commercial discussions from first contact to bound deals. You will be engaging insurers, MGAs, brokers, insurtechs, and platform partners to shape viable underwriting opportunities right from the early-stage conversations. 
  • Translate Market Needs into Underwritable Structures
    Proactively developing a deeper exposure and understanding of the market. You will work closely with underwriting, pricing, actuarial, and tech teams to convert raw opportunities into scalable, risk-sound programs. Identify embedded, specialty, or non-traditional risks requiring creative structuring.
  • Build Long-Term Ecosystem Relationships
    Develop trusted partnerships across the (re)insurance value chain, translating it into a relationship-driven deal sourcing, — not purely transactional placements.
  • Be at the Forefront of New Risk Models
    Helping to build and define the future of reinsurance, you will actively participate in embedded insurance, parametric solutions, and data-led underwriting programs that go beyond traditional placements. 

Requirements

WHAT WE EXPECT OF YOU:

  • 3–5 years of relevant experience in reinsurance broking, reinsurance underwriting, or insurtech.
  • Strong regional networks within the (re)insurance ecosystem.
  • Experience originating or structuring treaty / facultative / specialty programs.
  • Commercially sharp, relationship-driven, and comfortable hunting new deals.
  • Strong understanding of portfolio dynamics, pricing, and loss ratio fundamentals.
  • Entrepreneurial mindset and growth orientation.
  • Excited by innovation, technology, and new insurance models.
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The Company
HQ: Kuala Lumpur, Kuala Lumpur
109 Employees
Year Founded: 2016

What We Do

PolicyStreet is an insurance technology group of companies providing cutting-edge digital insurance solutions to businesses and consumers in Southeast Asia and Australia. PolicyStreet works directly with over 40 life, general, and takaful providers globally to offer a comprehensive range of products and services, which includes but is not limited to embedded insurance, customised employee benefits, financial advisory and aggregation of insurance, as well as the development of digital solutions to make insurance purposeful & simple for businesses and consumers. As a licensed Reinsurer, General Insurer and Takaful Operator by the Labuan Financial Services Authority (LFSA), an approved Financial Adviser and Islamic Financial Adviser by Bank Negara Malaysia (BNM), and a licensee of the Australian Financial Services License by the Australian Securities and Investments Commission (ASIC), PolicyStreet is able to underwrite, customise policies, and provide unbiased advice to its clients and partners worldwide. PolicyStreet is backed by the Malaysian sovereign wealth fund, Khazanah Nasional Berhad, and serves over 5 million customers with over US$ 10 billion in sum insured. In 2024, PolicyStreet was recognised as "Fintech of the Year" at The Asset's Triple A Digital Awards and ranked as the second-highest Malaysian company in the "High-Growth Companies in Asia Pacific 2024" list by Statista and The Financial Times.

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