Marine Underwriter

Chubb; Kuala Lumpur; On-site; MYR 120,000 - 150,000; Full time

Job summary

A leading global insurance provider is seeking a Senior Underwriter specializing in Marine and Specialty insurance in Kuala Lumpur. The candidate will manage underwriting operations, develop strategies for growth, and provide expert advice to clients. A minimum of 7 years of experience in underwriting and relevant qualifications are required for this role.

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, professionalism, and customer-oriented mindset.

Responsibilities

• Evaluate and underwrite risks related to marine cargo and specialty lines.
• Develop strategies for profitable growth and optimize portfolio performance.
• Provide expert advice on complex underwriting matters.
• Mentor junior underwriters and analyze market trends.

Skills

Analytical skills

Decision-making skills

Strategic planning

Interpersonal skills

Communication abilities

Understanding of marine and specialty insurance markets

Education

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

Job description

Key Objective

• 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.
  

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.

Qualifications

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.
  

Qualifications

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