Underwriter, Marine

Zurich 56 Company Ltd; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A global insurance leader is seeking an Underwriter in the Marine sector based in Singapore. This role focuses on Cargo, Liability, and Fine Art and requires expertise in underwriting and relationship management. Ideal candidates will have 2-5 years of marine insurance experience along with strong communication and negotiation skills. Join a dynamic environment that encourages growth and innovation.

Qualifications

• 2 to 5 years of experience in marine insurance, underwriting, broking or claims.
• Strong skills in active listening and win-win negotiating.
• Solid knowledge of insurance underwriting and regulations.

Responsibilities

• Administer and monitor underwriting rules and regulations.
• Develop and maintain relationships with brokers and agents.
• Proactively seek renewal and new account opportunities.
• Service accounts and resolve technical problems.

Skills

Excellent oral and written communication skills

Strong knowledge of underwriting philosophy

Demonstrated ability to assess risk

Strong relationship building skills

Strong presentation skills

Education

Bachelor’s degree (or equivalent) in maritime studies or supply chain management

Job description

The Opportunity

Are you passionate about marine insurance and eager to advance your career? Join our team as a Underwriter in the Marine sector with a focus on Cargo, Cargo Liability, Marine Liability and Fine Art and Specie business. You will analyze and underwrite new and renewal business, engaging with the market and providing exceptional customer service. Utilizing The Zurich Way of Underwriting Framework, you will handle assignments of moderate technical complexity under limited supervision.

Be part of a global insurance leader committed to innovation, collaboration, and continuous improvement. This role offers a dynamic and supportive environment to grow your expertise and make a significant impact. If you are ready for new challenges, we encourage you to apply.

Key Responsibilities

• Administer and monitor underwriting rules, guidelines, rating manual rules, and insurance laws and regulations
• Develop and maintain relationships with distributors (brokers & agents) to support business retention and new business acquisition
• Proactively seek renewal and new account opportunities, qualifying accounts to meet the organization's appetite
• Make broker/customer and on-site calls with a planned and well-prepared purpose
• Promote the organization's marine products and services to increase penetration with brokers and agents
• Participate in pipeline meetings and marketing presentations to assigned brokers and agents
• Calculate target prices accurately using underwriting tools and negotiate terms and conditions
• Service accounts, handle declinations/cancellations, and resolve technical problems by referring to policies and procedures

Qualifications, Experience & Skills

• Bachelor’s degree (or equivalent) with a focus on maritime studies, supply chain management and/or 2 to 5 years of experience in marine insurance either on underwriting, broking or claims
• Excellent oral and written communication skills
• Strong knowledge of underwriting philosophy, techniques, and legal and regulatory guidelines
• Demonstrated ability to effectively assess risk and function in a team environment
• Strong skills in relationship building, active listening, and win-win negotiating
• Strong presentation skills and a service-oriented approach
• Solid knowledge of processing methods, workflow procedures, and basic insurance underwriting and regulations
• Demonstrated technical knowledge and skills reflective of progression through positions of increasing responsibility