Underwriter, Marine

Zurich Insurance Company; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

A leading global insurer in Singapore is seeking an experienced Underwriter in marine insurance with a focus on Cargo and Marine Liability. The ideal candidate will hold a Bachelor’s degree and have 2 to 5 years of relevant experience. Responsibilities include analyzing and underwriting new and renewal business, developing distributor relationships, and providing exceptional customer service. This role requires strong communication and negotiation skills in a team-oriented environment.

Qualifications

• 2 to 5 years of experience in marine insurance in underwriting, broking, or claims.
• Strong knowledge of underwriting techniques and regulations.
• Demonstrated ability to assess risk effectively.

Responsibilities

• Administer and monitor underwriting rules and regulations.
• Develop and maintain relationships with distributors.
• Qualify accounts to meet the organization’s appetite.
• Calculate target prices and negotiate terms.
• Service accounts and resolve technical issues.

Skills

Oral communication

Written communication

Relationship building

Active listening

Negotiation

Presentation skills

Education

Bachelor’s degree 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.

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