Underwriter, Industry Practices

Chubb Insurance Singapore Limited; Singapore; On-site; SGD 75,000 - 105,000; Full time

Job summary

Chubb Insurance Singapore Limited is seeking an Underwriter to assess risks and support growth in the Property & Casualty book. Reporting to the Manager, Industry Practices, you will build expertise in underwriting principles and broker relationships.

You will manage a broker panel, execute distribution plans, collaborate with property, financial lines and casualty teams, and adapt to a fast-paced, dynamic market while delivering excellent service.

Qualifications

• 3 years’ experience in Property & Casualty underwriting.
• Ability to handle mix of small commercial and mid-market volume business.
• Recommend tailored coverage and show product knowledge.
• Adapt to fast-paced environment with changing product/industry dynamics.
• Exemplary customer-service and proactive producer support.
• Proven ability to influence decisions and work well with people.

Responsibilities

• Achieve financial targets for allocated producer panel.
• Deliver distribution activities: broker visits, key account management, prospecting, new business generation.
• Appropriate risk assessment process and deployment of capacity on new & renewal business including endorsements.
• Development and execution of distribution plans for assigned broker panel.
• Close collaboration with property, financial lines and casualty departments.
• Participate in joint travel/presentations.

Skills

Underwriting

Property & Casualty

Broker management

Client service

Sales & distribution planning

Team collaboration

Job description

What's this Role about?

Reporting to the Manager, Industry Practices, playing a crucial role by assessing and evaluating the risks involved in insuring. The role provides a fantastic opportunity for those looking to further develop their knowledge and expertise in the Underwriting space.

This role requires a strong understanding of insurance principles, policies, and procedures, as well as excellent organizational and communication skills.

Key Responsibilities

1. Achieve financial targets for allocated producer panel.
2. Deliver set Distribution activities (Broker Visits, Key Account Management, Prospecting, New Business generation)
3. Appropriate use of delegated Underwriting authority
   • Appropriate risk assessment process
   • Appropriate deployment of capacity on New & Renewal Business including endorsement of existing coverage.
   • Adherence to Product guidelines & initiatives, including growth or diversification strategies or remedial action if required.
4. Development & execution of personal Distribution plan for assigned Broker panel. Distribution plan will include Key Account management plan, management of assigned renewal portfolio (including remedial Underwriting action), Broker visit plan, Cross Sell, Pipeline & Prospect activities.
5. Close collaboration with property, financial lines and casualty departments.
6. Participate in joint travel/presentations.

Desired Qualifications & Skillsets

• 3 years’ experience in Property & Casualty underwriting
• Ability to handle a mix of Small commercial business and mid-market volume business.
• Makes recommendations for tailoring coverage and demonstrates knowledge of the products & services.
• Ability to adapt to fast paced environment with frequent changes in product and industry dynamic in a rapidly growing segment.
• Exhibits exceptional customer service skills and anticipates and responds to the needs of producers.
• Demonstrated ability to work well with people and influence decisions.