Marine Underwriter

Chubb; Kuala Lumpur; On-site; MYR 120,000 - 160,000; Full time

Job summary

Chubb is seeking an experienced Underwriter, Marine & Specialty to support profitable growth of our Marine & Specialty portfolio. You will underwrite risks, manage broker relationships, and provide technical underwriting support to drive business growth while maintaining underwriting discipline.

Responsibilities include risk assessment, pricing, referrals for high-risk accounts, and ensuring timely issuance of quotations, policies, endorsements and renewals with superior service levels.

Qualifications

• Bachelor’s Degree in Business, Insurance, Finance, Economics, or related discipline.
• Minimum 5 years of Marine and/or Specialty underwriting experience.
• Strong knowledge of Marine Cargo and related Specialty insurance products.

Responsibilities

• Underwrite Marine & Specialty risks within delegated authority.
• Manage broker relationships and respond to enquiries, quotations, renewals and policy amendments.
• Assist in portfolio development and renewal strategies to improve results.
• Ensure timely issuance of quotations, policies, endorsements and renewals with high service standards.
• Adhere to underwriting guidelines, regulatory requirements and company policies.

Skills

Analytical skills

Negotiation

Risk assessment

Communication

Relationship management

Independent work

Time management

Education

Bachelor’s Degree in Business Insurance Finance or Economics

Professional insurance qualification (AMII/DMII/ACII or equivalent)

Job description

Role Purpose

We are seeking an experienced Underwriter, Marine & Specialty to support the profitable growth and development of our Marine & Specialty portfolio.

Job Description

Role Purpose

We are seeking an experienced Underwriter, Marine & Specialty to support the profitable growth and development of our Marine & Specialty portfolio.

The successful candidate will be responsible for underwriting risks, managing broker relationships, delivering technical underwriting support, and contributing to business growth while maintaining strong underwriting discipline and service standards

Underwriting & Risk Assessment

• Assess, price, and underwrite Marine & Specialty risks within delegated authority.
• Evaluate risk exposures, coverage requirements, policy terms, and pricing adequacy.
• Ensure underwriting decisions are aligned with company guidelines and risk appetite.
• Prepare underwriting referrals for risks exceeding authority levels.
• Maintain underwriting profitability and portfolio quality.

Broker & Client Management

• Build and maintain effective relationships with brokers, agents, and business partners.
• Respond to underwriting enquiries, quotations, renewals, and policy amendments in a timely manner.
• Provide technical advice and insurance solutions to support business growth.
• Participate in broker visits, presentations, and market engagement activities.

Portfolio Development

• Support portfolio growth initiatives through new business development and retention of profitable accounts.
• Monitor market developments, competitor activities, and emerging risks.
• Assist in portfolio reviews and renewal strategies to improve underwriting results.

Operational Excellence

• Ensure accurate and timely issuance of quotations, policies, endorsements, and renewals.
• Maintain high service standards and turnaround times.
• Contribute to process improvement initiatives to enhance operational efficiency.

Compliance & Governance

• Adhere to underwriting guidelines, regulatory requirements, and company policies.
• Maintain proper underwriting records and documentation.
• Support audit, compliance, and governance requirements as required.

Qualifications

• Bachelor’s Degree in Business, Insurance, Finance, Economics, or related discipline.
• Minimum 5 years of Marine and/or Specialty underwriting experience.
• Strong knowledge of Marine Cargo and related Specialty insurance products.
• Good analytical, negotiation, and risk assessment skills.
• Strong communication and relationship management capabilities.
• Ability to work independently and manage multiple priorities.
• Professional insurance qualification (AMII, DMII, ACII, or equivalent).
• Experience within multinational insurance companies.
• Exposure to broker-facing and commercial underwriting environments.