Purpose of Role

Reports to Marine & Specialty Manager. You will conduct day to day underwriting and related administrative tasks as part of the Singapore Marine & Specialty team. You will be focusing on all of Chubb's distribution channels. This is a critical role, as you apply your knowledge and skills to contribute to the overall growth and profitability of the portfolio and P&C department’s overall business goals.

 

Key Accountabilities & Responsibilities

Data gathering: Collecting and organizing relevant information for underwriting purposes. Application processing: Entering data into underwriting systems to generate quotes and policies, ensuring accuracy and completeness. Policy review: Reviewing and verifying policy documents, endorsements, and renewals, identifying any inconsistencies or errors. Risk assessment: Assisting the underwriters in evaluating the risk exposure of commercial insurance applications, analyzing potential hazards, and determining appropriate coverage. Rate calculation: Assisting in the compilation of rating structures and premium calculations based on underwriting guidelines and company standards. Customer service: Responding to inquiries from agents, brokers, and customers regarding policy information, coverage options, and underwriting guidelines. Documentation and recordkeeping: Maintaining accurate and organized files, both electronic and physical, ensuring compliance with regulatory requirements and internal procedures. Collaboration: Collaborating with other departments, such as claims, Multinational, and Operations, to provide necessary information and ensure effective communication. Research and analysis: Conducting market research, industry analysis, and competitive analysis to support underwriting decisions and strategy development. Continuous learning: Staying updated with industry trends, regulations, and advancements, attending training sessions and conferences to enhance knowledge and skills. Escalation: Be the first point of contact for CBS in relation to specific queries on accounts. Maintain Governance: Ensuring all necessary governance activities are completed and adhered to (e.g. Reinsurance Checklist, wording checklists, etc.).

Required Skills & Experience

A high school diploma or equivalent, a bachelor's degree in business, finance, or a related field, preferable.

Strong analytical and problem-solving skills, with attention to detail and ability to interpret complex information.

Proficient computer skills, including MS Office suite and underwriting software.

Excellent organizational and time management abilities, with the capacity to handle multiple tasks simultaneously.

Effective communication and interpersonal skills to interact with clients, agents, and colleagues.

Knowledge of Marine insurance products and underwriting practices, and familiarity with industry regulations and policies.

Ability to work collaboratively as part of a team and adapt to changing priorities.

A willingness to learn and develop professionally within the insurance industry.

Open minded to find new solutions and products or new ways of managing the workload

Knowledge of our products: cargo, freight forwarders liability, inland marine, hull, marine liability, fine arts.