Marine Underwriter

Chubb Insurance; Kuala Lumpur; On-site; MYR 100,000 - 130,000; Full time

Job summary

A global insurance provider is seeking a Senior Underwriter in Kuala Lumpur to lead underwriting operations for marine and specialty insurance lines. The role requires a minimum of 7 years of underwriting experience and offers opportunities to mentor junior staff. The successful candidate will develop strategies for profitable growth and ensure compliance with industry standards, while working collaboratively with various teams to provide effective solutions.

Qualifications

• Minimum of 7 years of underwriting experience in Marine and Specialty insurance.
• Proven capability to work collaboratively in a fast-paced environment.
• High degree of integrity and professionalism.

Responsibilities

• Evaluate and underwrite risks for various marine and specialty lines.
• Develop strategies for profitable growth and optimize portfolio performance.
• Provide expert advice on complex underwriting matters.
• Monitor market trends and adjust underwriting strategies accordingly.
• Collaborate with sales and operations teams for comprehensive insurance solutions.
• Mentor junior underwriters and provide ongoing training and support.

Skills

Analytical skills

Decision-making skills

Strategic planning

Interpersonal skills

Communication abilities

Collaboration

Understanding of marine insurance markets

Negotiation skills

Education

Bachelor's degree and/or professional insurance qualifications (e.g. AMII)

Job description

Job Description

We are seeking an experienced and strategic Senior Underwriter specializing in Marine and Specialty insurance lines to manage and enhance our underwriting operations. The successful candidate will lead underwriting activities for marine cargo, hull, yacht, marine liability, fine art, jewelry, plant and equipment, and freight liability.

Key Objective

The individual in this role will identify and assess risks, develop strategies for profitable growth, and provide expert advice to stakeholders, ensuring compliance with regulatory requirements and industry best practices.

Major duties and responsibilities

• Evaluate and underwrite risks related to marine cargo, yacht, hull, marine liability, fine art, jewelry, and other specialty lines in accordance with company guidelines and policies.
• Develop and execute strategies to achieve profitable growth, optimize portfolio performance, and ensure competitiveness within the marine and specialty insurance markets.
• Provide expert advice and solutions to intermediaries, clients, and internal stakeholders on complex underwriting matters.
• Regularly analyze market trends, monitor portfolio performance, and proactively adjust underwriting strategies.
• Collaborate effectively with sales, claims, product development, and operations teams to provide comprehensive insurance solutions.
• Ensure strict compliance with regulatory requirements and internal underwriting standards.
• Mentor junior underwriters, enhancing their technical knowledge and professional capabilities through ongoing training and support.
• Employ strategic thinking and clear, professional communication to negotiate effectively, ensuring mutual respect and clarity in interactions.
• Set firm yet fair boundaries in negotiations, framing positions as beneficial and fostering a collaborative approach.
• Undertake other responsibilities and/or projects as and when assigned.

Skills

• Strong analytical, decision‑making, and strategic planning skills.
• Excellent interpersonal and communication abilities for effective relationship management.
• Proven capability to work collaboratively in a fast‑paced environment.
• Thorough understanding of marine and specialty insurance markets and regulatory requirements.
• High degree of integrity, professionalism, and customer‑oriented mindset.
• Demonstrated ability to communicate professionally, clearly, and strategically, employing measured negotiation skills.
• Sense of urgency.

Experience

• Minimum of 7 years of underwriting experience in Marine and Specialty insurance.

Education & Credentials

• Bachelor's degree and/or professional insurance qualifications (e.g. AMII).