Marine Underwriter (Senior Executive/Manager)

Responsibilities:

• Play an active role in business development, identifying and pursuing new opportunities to expand our marine cargo portfolio.
• Strengthen existing business relationships by way of a multi-tier approach.
• Develop underwriting strategies and pricing models to ensure profitability while maintaining competitiveness.
• Assess and evaluate marine cargo risks, ensuring coverage is aligned with client needs and company guidelines.
• Review and negotiate terms and conditions for marine cargo policies with clients and brokers.
• Stay updated on market trends, regulations, and industry developments to adjust underwriting practices accordingly.
• Ensure that acceptable pricing and terms are determined within own underwriting authority and underwriting guidelines, on new business and renewals.
• Ensure an acceptable loss ratio through coordinating account stewardship processes, loss control activities, tracking, and following up on large claims and related activity as required.
• Ensure evaluation of facultative reinsurance needs and coordination as necessary within company underwriting and risk control guidelines.

Requirements:

• ACII, ANZIIF or Degree/Diploma in Insurance.
• Degree/Diploma in Business or Maritime with CGI.
• Minimum 4 years’ experience in Marine insurance underwriting with direct intermediary engagement / technical underwriting. Knowledge of Marine insurance operations, underwriting procedures, and understanding of Marine Cargo classes, products, and policy wordings.
• Understanding of risk assessment, laws, and legislation in relation to the marine insurance industry.

A Better Co Pte. Ltd. | 24C2350 | Jerlin Aw Bi Zhi | R1218675