Senior Property & Engineering Risk Engineer

China Taiping Insurance Hldgs Co Ltd; Singapore; On-site; SGD 90,000 - 150,000; Full time

Job summary

China Taiping Insurance Hldgs Co Ltd is seeking an experienced risk engineer to conduct on-site risk surveys for Property and Engineering risks, review protection systems and assist in underwriting decisions. The role covers construction, manufacturing, utilities and data-centre projects in Singapore.

The ideal candidate has a degree in Engineering or related field and at least five years in insurance risk engineering, risk surveys, and loss prevention, with strong knowledge of

Qualifications

• Minimum degree in Engineering, Risk Management, Insurance, Finance, Business or related discipline.
• Minimum 5 years of relevant experience in Commercial Lines Underwriting, Risk Engineering, Insurance Surveying, Loss Prevention, Engineering or related insurance industry experience.
• Strong knowledge and practical experience in Property and/or Engineering insurance underwriting.

Responsibilities

• Conduct on-site risk surveys for Property and Engineering risks across commercial, industrial, manufacturing, warehouse, construction and engineering projects.
• Assess fire, electrical, machinery, construction, operational, natural catastrophe and other risk exposures.
• Review fire protection, detection and alarm systems, sprinklers, hydrants, emergency response arrangements and housekeeping standards.
• For Engineering risks, assess construction methodology, project management, temporary works, plant and equipment, testing/commissioning and site conditions.
• Identify major hazards, probable loss scenarios and potential PML exposures where applicable.
• Prepare professional risk survey reports with findings, risk improvement recommendations and risk grading.
• Follow up with insureds, brokers and relevant parties on implementation of recommended risk improvements.
• Provide technical risk engineering advice to Underwriting, Claims, Distribution and Management teams.
• Review engineering drawings, specifications, method statements, fire protection arrangements and other technical documents.
• Assist in assessing complex risks and major projects involving construction, manufacturing, utilities, power, infrastructure, data centres and other engineering-related operations.
• Support development of underwriting guidelines, risk assessment tools, survey templates and technical standards.
• Keep up with Singapore regulatory requirements, industry standards, engineering practices and risk management developments.
• Assist in monitoring quality and performance of the Property and Engineering portfolio.
• Identify high-hazard risks, concentration risks and potential accumulation exposures.
• Recommend risk mitigation measures, underwriting restrictions and risk improvement requirements.
• Collaborate with Reinsurance to ensure risks fit treaty requirements and underwriting authority.
• Maintain documentation of underwriting decisions, risk surveys and follow-ups.

Skills

Risk assessment

Engineering knowledge

Education

Bachelor's degree in Engineering, Risk Management, Insurance, Finance, Business

Job description

China Taiping Insurance Hldgs Co Ltd is seeking an experienced risk engineer to conduct on-site risk surveys for Property and Engineering risks, review protection systems and assist in underwriting decisions. The role covers construction, manufacturing, utilities and data-centre projects in Singapore.

The ideal candidate has a degree in Engineering or related field and at least five years in insurance risk engineering, risk surveys, and loss prevention, with strong knowledge of