Vice President / Assistant Vice President - Senior Engineering Underwriter

HYPERSCAL SOLUTIONS PTE. LTD.; Singapore; On-site; SGD 120,000 - 150,000; Full time

Job summary

A leading general insurer in Singapore is seeking an experienced Underwriter for complex engineering-related insurance risks. The ideal candidate will have a minimum of 10 years in engineering underwriting, proven experience in high-value projects, and in-depth knowledge of Construction All Risks. Exceptional negotiation and analytical skills are crucial for creating bespoke solutions and managing client relationships. This role offers the opportunity to contribute to strategic initiatives and drive innovative product development in the engineering sector.

Qualifications

• Minimum 10 years of experience in engineering underwriting, with a focus on large and complex risks.
• Proven track record in underwriting high-value projects and managing complex negotiations.
• Strong knowledge of Construction All Risks and Erection All Risks.

Responsibilities

• Underwrite complex and large-scale construction insurance risks.
• Negotiate participation, pricing, and terms with brokers.
• Develop underwriting strategies for the Engineering portfolio.
• Build relationships with brokers and clients to create bespoke insurance solutions.
• Monitor engineering portfolio performance and market trends.

Skills

Analytical skills

Negotiation skills

Interpersonal skills

Technical knowledge of engineering lines

Education

Professional qualifications (e.g., ACII or equivalent)

Job description

COMPANY DESCRIPTION

A leading general insurer with a local presence of over 100 years, MSIG Singapore offers an extensive range of insurance solutions for commercial and personal risk protection, enabling the security and safety of individuals and businesses. MSIG Singapore holds an A+/Stable financial rating by Standard & Poor's.

A testament to its growing strength and influence, MSIG Singapore has garnered numerous awards for delivering digitally innovative and customer‑centric solutions. In 2023, 2022 and 2020, MSIG Singapore was awarded Insurance Asia Awards' Claims Initiative of the Year.

MSIG is a subsidiary of Mitsui Sumitomo Insurance Co., Ltd, and a member of the MS&AD Insurance Group - one of the largest general insurance groups in the world with presence in 50 countries and regions globally, 18 of which are in Asia Pacific including all ASEAN markets as well as in Australia, New Zealand, China, Hong Kong, Taiwan, South Korea and India. Headquartered in Japan, MS&AD is amongst the top non‑life insurance groups in the world based on gross revenue.

RESPONSIBILITIES

• Underwrite complex and large‑scale construction, erection and engineering‑related insurance risks to meet top and bottom‑line targets. Negotiate participation, pricing and terms with brokers and clients.
• Develop and execute the underwriting strategy for the Engineering portfolio, aligning with our top and bottom‑line growth ambitions.
• Serve as the technical expert for engineering underwriting, providing guidance on complex cases and emerging risks. Drive best practices, technical training, and knowledge sharing across Business Units.
• Build and maintain strong relationships with and collaborate with international and local brokers, clients, industry partners and other relevant internal stakeholders to develop bespoke insurance solutions for high‑value, complex projects.
• Monitor and manage the engineering portfolio performance and profitability, monitoring market trends and activities to maintain competitive edge.
• Contribute to product development and innovation to meet evolving market needs.
• Support strategic initiatives to grow market share in large and complex engineering segments.

QUALIFICATIONS

• Professional qualifications (e.g., ACII or equivalent) are an advantage.

OTHER INFORMATION

• Minimum 10 years of experience in engineering underwriting, with a focus on large and complex risks.
• Strong technical knowledge of Construction All Risks (CAR), Erection All Risks (EAR), and related engineering lines and strong knowledge of Construction sector.
• Proven track record in underwriting high‑value projects and managing complex negotiations and delivering innovative solutions to meet evolving market trends.
• A demonstrable and well‑known market presence. You are someone brokers and competitors know by name. Well recognized relationships with brokers and peers in the Engineering market.
• Exceptional analytical, negotiation and interpersonal skills.