Renewable Energy & Alternative Fuel (REAF) Senior Underwriter

Chubb; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A global insurance leader in Singapore is seeking an experienced underwriter for its Renewable Energy & Alternative Fuels Industry Practice. The role focuses on underwriting new business and operational risks, supporting financial plans, and developing relationships with brokers and clients. The ideal candidate will have significant experience in the REAF insurance market and a solutions-oriented mindset.

Qualifications

• Experience in underwriting traditional energy/power and renewable energy risks.
• Ability to influence at all levels internally and externally.
• Good understanding of macro and micro factors in the industry.

Responsibilities

• Underwrite new business and renewal accounts.
• Support financial planning for the REAF Industry Practice.
• Provide training and mentoring to junior underwriters.

Skills

REAF insurance market knowledge

Decision-making ability

Solution-oriented mindset

Significant underwriting experience

Strong presentation skills

Job description

Background

This is an exciting opportunity to join our newly created Renewable Energy & Alternative Fuels Industry Practice. The practice has been developed to drive accelerated, profitable growth in the broad range of energy transition technologies by developing industry specialism across lines of business. REAF IP puts the customer and their specific needs as the focus, developing tailored multi-line products and services, whilst reducing the complexity of the customer journey. REAF IP clients include developers and operators of renewable power assets (wind, solar, geothermal, biomass, hydro, wave & tidal), alternative fuel assets (biofuels, hydrogen, nuclear), the power grid, energy storage, alternative fuel distribution and storage, and other transition technologies such as heating and cooling networks, and carbon capture and storage projects.

Purpose

The primary purpose of this role is to underwrite construction and operational risks for REAF occupancies, with a strong focus on new business generation. The successful candidate will have a strong market presence, representing the REAF Industry Practice in broker and client meetings. They will also work closely with other internal stakeholders across all lines of business plus extending to colleagues in claims, risk engineering and global services to provide excellent service to our brokers and clients. They will also work closely with our other underwriting teams to provide multi-line solutions.

Responsibilities

• Underwriting – Underwrite new business and renewal accounts according to defined underwriting guidelines and strategies, working closely with risk engineers where appropriate in line with guidance.
• Industry Knowledge– Keep appraised of developments in the industry, including projected investment across different REAF technologies, industry specific challenges and loss activity.
• Financial - Contribute towards achieving the REAF Industry Practice financial plan. Support the REAF Industry Practice leader in preparing financial plans, reforecasts and predictions.
• Training & Mentoring – provide training, mentoring, and act as a role model for more junior underwriters within the team. Take underwriting referrals.
• Compliance and Procedures - Meet company standards in respect of policy documentation, contract certainty, peer review, audit, compliance, legal and regulatory requirements.
• Leadership - Support REAF Industry Practice in establishing and promoting best practice within the team.
• Chubb Representative - Represent and promote Chubb to brokers and clients. Represent the REAF Industry Practice team internally at production, renewal and other internal Chubb meetings.
• Business Development - Proactively maintain relationships with key brokers and clients to ensure profitable and sustainable growth, in conjunction with distribution and other key stakeholders. Develop and grow pipeline of opportunities. Contribute towards strategic growth plans with key brokers.
• Cross-sell - Pro-actively maximize cross-selling opportunities through collaboration with Chubb colleagues across lines of business. Have a good understanding of Chubb’s risk appetite across core lines of business and a high-level understanding across non-core lines.

Qualifications

• Good working knowledge of the REAF insurance market, including competitor and broker analysis.
• An experienced professional whose expertise is recognised in the market.
• Results driven with ability to make decisions and work on your own initiative.
• Highly motivated and with a solutions mindset and a keen interest in the subject matter including macro and micro factors that impact the industry.
• Desire to continue to develop technical and broader business skills.
• Ability to execute and influence at all levels both internally and externally.
• Significant experience of underwriting traditional energy/power and/or renewable energy/alternative fuel construction and operational property risks. Casualty underwriting knowledge being a strong advantage.
• Strong presentation and development skills.