Marine Insurance Underwriter — Growth & Risk

PERSOL SINGAPORE PTE. LTD.; Singapore; On-site; SGD 60,000 - 100,000; Full time

Job summary

PERSOL SINGAPORE PTE. LTD. seeks a marine insurance underwriter with at least 1 year of direct underwriting experience. You will strengthen relationships with key accounts, support product selection and pricing strategies, and review documentation.

The role requires knowledge of marine operations, risk assessment, laws, and compliance with KYC processes, with a focus on profitable portfolio management and market awareness.

Qualifications

• ACII, ANZIIF, or a basic Degree/Diploma in Business or Maritime.
• Minimum 1 year of experience in marine insurance underwriting with direct engagement.
• Knowledge of marine insurance operations and underwriting procedures.
• Understanding of risk assessment, laws, and regulations concerning the marine insurance industry.

Responsibilities

• Strengthen relationships with key accounts to drive new and existing business opportunities.
• Support business reviews, including product selection and pricing strategies.
• Conduct territory and distribution channel analyses to optimize growth efforts.
• Review and prepare underwriting and renewal documentation.
• Underwrite simpler risks while maintaining a profitable portfolio in marine business.
• Ensure timely communication of necessary instructions to Policy Administration.
• Verify policies and broking slips for accuracy.
• Compile and analyze monthly reports for business meetings and reviews.
• Maintain acceptable pricing and terms within underwriting authority for new business and renewals.
• Ensure an acceptable loss ratio through effective account management and tracking of claims.
• Evaluate facultative reinsurance needs and coordinate as needed within underwriting guidelines.
• Stay informed on market conditions and competitive landscape, sharing insights with the team.
• Develop and maintain relationships with intermediaries to support business retention and acquisition.
• Implement rigorous screening practices in compliance with KYC processes.

Skills

Marine insurance underwriting

Risk assessment

Underwriting procedures

Client relationship management

Education

ACII, ANZIIF, or Degree/Diploma in Business or Maritime

Job description

PERSOL SINGAPORE PTE. LTD. seeks a marine insurance underwriter with at least 1 year of direct underwriting experience. You will strengthen relationships with key accounts, support product selection and pricing strategies, and review documentation.

The role requires knowledge of marine operations, risk assessment, laws, and compliance with KYC processes, with a focus on profitable portfolio management and market awareness.