Deputy Class Underwriter - Energy

Deputy Class Underwriter - Energy

Deputy Class Underwriter - Energy

Apply locations Singapore time type Full time posted on Posted 17 Days Ago job requisition id JR100541

Participate in a dynamic energy (Upstream and Renewables) underwriting environment in Singapore and contribute to the team delivering on its business plan.

Main duties

• Underwrite new and renewal risks primarily in upstream energy in accordance with the syndicate and Divisional Strategy, Business Plan, and underwriting authority. Secondary class of business Renewable Energy (construction and operation of on/off shore solar and wind, BESS, operation of geothermal, hydro power plants, biomass/biogas plants).
• Perform risk, slip, wording and rating analysis, undertake premium monitoring.
• Perform pml and aggregation analyses in conjunction with the exposure management team.
• Monitor risks written and due for renewal.
• Prepare reports and statistical information as required by the underwriters.
• Assist with the developments and enhancements of underwriting systems where applicable, e.g.: new and/or enhanced benchmarking models, etc.
• Liaise with brokers and develop good working relationships with broking and support teams.
• Liaise with other business areas within Chaucer as required including credit control, claims, internal risk review, actuarial etc.
• Assist in the preparation of files for peer review & liaise with peer reviewer as and when required.
• Use market, industrial and other sources to enhance awareness of technical factors and developments relevant to portfolio underwriting and the oil & gas, and renewable energy industry generally.
• Attend market risk presentations and market body meetings as and when required.
• Business travel as and when necessary.
• Strive to achieve personal objectives as set out by the class underwriter.

Regulatory responsibilities

Comply with all policies and procedures and ensure that due regard is paid to providing good customer outcomes and the fair treatment of customers.

Manage the relationships with Customers, Agents and Service Providers:

• Advise, assist and service customers on insurance and risk matters to promote customers’ satisfaction.
• Foster positive relationships with Customers and attain an understanding of their needs.
• Ensure that Customer Complaints are promptly identified, recorded and referred as appropriate.
• Complete all required annual product review assessments to agreed timescales with approvals obtained and recorded.
• Follow all Chaucer Group Product Governance processes in the UCM and obtain appropriate approvals.
• Ensure that the principles of providing good customer outcomes and the fair treatment of customers are upheld by Agents and Service Providers.

Skills and Competencies

• Relevant Underwriting experience.
• Knowledge of the Lloyd’s & / or Company Market.
• Knowledge of Oil & Gas Industry practices and procedures.
• Knowledge of Offshore Energy insurance practices and procedures.
• Knowledge of Renewable Energy both construction and operation insurances.
• Civil/Mechanical Engineer training; Maritime Experience.
• Upstream Energy or Marine Hull experiences Preferred.

Education

• 3 A Levels (A-C).
• Dip CII or equivalent and working towards ACII.
• Degree.

ABOUT US

Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment. We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.

About Chaucer

Chaucer are a leading specialty (re)insurance group working with brokers, coverholders and clients to protect and support business activities around the world. Our services are accessed both through Lloyd’s of London and the company markets.

We are defined by an enterprising, bespoke approach to (re)insurance, enabled by the individual character, experience and imagination of our expert teams.

Chaucer is a member of the China Re Group and backed by their financial and operational resources. China Re is one of the world’s largest reinsurance companies whose outstanding and comprehensive strength is rated A (excellent) by AM Best and A (strong) by S&P Global Rating.