Underwriter, Industry Practices

Chubb European Group Ltd.; Singapore; On-site; SGD 60,000 - 110,000; Full time

Job summary

Chubb European Group Ltd. is seeking a role-focused underwriter to assess and evaluate risks in insuring.

You will contribute to developing underwriting expertise, applying insurance principles, and maintaining strong organizational and communication skills within a collaborative team. The position involves achieving financial targets for an assigned broker panel, executing distribution activities, and ensuring proper use of underwriting authority while adhering to product guidelines and growth

Qualifications

• Strong understanding of insurance principles, policies, and procedures.
• Excellent organizational and communication skills.

Responsibilities

• Achieve financial targets for allocated producer panel.
• Deliver set Distribution activities (Broker Visits, Key Account Management, Prospecting, New Business generation).
• Appropriate use of delegated Underwriting authority and risk assessment processes.
• Deploy capacity on New & Renewal Business including endorsements of coverage.
• Develop and execute personal Distribution plan for Broker panel, including renewal portfolio management and cross-sell.
• Collaborate with property, financial lines and casualty departments.
• Participate in joint travel/presentations.

Skills

Underwriting

Insurance principles

Communication skills

Organizational skills

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.