Maritime Insurance Senior Executive

Triton AI Pte Ltd; Singapore; On-site; SGD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a skilled insurance professional to manage global insurance policies, particularly in the maritime sector. This role involves collaborating with legal and operational teams to ensure effective coverage and timely renewals. The ideal candidate will have a strong background in the insurance industry, excellent communication skills, and the ability to analyze data for loss prevention. Join a dynamic team where you can make a significant impact on the organization's risk management strategies and contribute to its success in navigating complex insurance landscapes.

Qualifications

• 3 to 5 years of experience in the insurance industry, especially maritime.
• Familiarity with various insurance policies in shipping.

Responsibilities

• Manage global insurance policies and ensure timely renewals.
• Collaborate with brokers and General Counsel on insurance matters.
• Analyze loss trends and prepare reports for claims.

Skills

Insurance Industry Experience

Communication Skills

Leadership Skills

Data Analysis

Contract Evaluation

Education

Degree in Engineering

Degree in Business

Degree in Insurance

Job description

De Ion

• Perm
• Must have 3 to 5 years of experience working in the insurance industry with familiarity of maritime insurance policies common in the shipping industry.
• Strong communication skills

The role involves managing global insurance policies, including P&I, H&M, corporate, business, and project insurance, to protect the insurable interests of the organization and its group companies.

Responsibilities

Insurance Operations

• Collaborate with General Counsel to report on cover arrangements, premiums, and recoveries.
• Coordinate with brokers on documentation and resolve coverage issues as needed.
• Follow up on hull claims with brokers in alignment with the fleet operations team.
• Manage the timely renewal of all global corporate and business insurance policies, including professional indemnity, workers compensation, marine cargo, directors and officers, travel, business interruption, cyber security, and property risk.
• Prepare reports and claims records for insurance renewals.
• Instruct brokers to arrange and place appropriate insurance programs.
• Resolve insurance-related queries from internal departments and third parties.
• Explore additional insurance covers, such as war risk, piracy, K&R, and Loss of Hire insurance.
• Maintain accurate records of all insurance policies, premiums, and claims in the system.

Contract Insurance Reviews

• Review and identify issues in policy wordings.
• Evaluate contracts to ensure their terms are aligned with existing insurance coverage. Propose amendments or arrange additional insurance if needed to mitigate contractual liabilities.

Claims Handling

• Ensure timely filing and notification of claims to brokers and underwriters.
• Work closely with brokers, loss adjusters, and insurers to maximize claims recovery and resolve cases efficiently.

Business Partnering and Training

• Train key stakeholders, such as superintendents and commercial managers, to ensure claims are submitted promptly.

Data Analysis and Loss Prevention

• Analyze loss trends and recommend corrective actions for prevention and mitigation.
• Prepare monthly reports on claims trends and incident frequencies for the General Counsel.
• Maintain and compile claims statistics and loss records for regular reporting.

Specialized Support

• Liaise with Average Adjustors in the event of General Average declarations.
• Provide assistance on fleet-related claims and coordinate with appointed Average Adjustors for Particular Average claims.

Skills and Qualifications

• Degree in Engineering / Business / Insurance from a recognized university.
• 3 to 5 years of experience working in the insurance industry.
• Familiarity with insurance policies common in the shipping industry, like professional indemnity, Hull and Machinery, all risk, marine cargo, comprehensive general liability, products liability, public liability, directors and officer insurance and employers liability.
• Well versed with insurance terms and conditions, common endorsements/exclusions, typical costs of different insurance policies.
• Good interpersonal and strong leadership skills.
• Excellent written and verbal communication skills with the ability to inspire confidence at all levels within the business.