Underwriter, Marine

ZURICH INSURANCE COMPANY LTD (Singapore Branch); Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A global insurance leader is seeking a skilled Underwriter in the Marine sector in Singapore. The role involves analyzing and underwriting cargo and marine liability while developing relationships with brokers and agents. Candidates should have a Bachelor’s degree and 2 to 5 years of experience in marine insurance. Strong communication skills and a relationship-oriented approach are essential. This position offers a supportive environment for professional growth.

Qualifications

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

Responsibilities

• Administer and monitor underwriting rules and guidelines.
• Develop relationships with distributors for business retention.
• Proactively seek new account opportunities.

Skills

Excellent oral and written communication skills

Strong knowledge of underwriting philosophy

Risk assessment ability

Relationship building

Service-oriented approach

Education

Bachelor’s degree in maritime studies or equivalent

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