The job:
You will conduct day to day underwriting and related administrative tasks as part of the Underwriting team in Singapore, working closely with Regional Office.
You will be focusing on Tech Lines products (mainly Construction and Power Generation) across all of Chubb's distribution channels and Segments.
This is a critical role, as you learn to apply your underwriting knowledge and skills to contribute to the overall growth and profitability of the Property team and P&C department’s overall business goals.
We have the mission to be the “best of Chubb” across multi-line underwriting strategies, with dedicated whole-account client executives, market-leading account servicing, and bespoke claims, multi-national and risk engineering services, for businesses of all sizes.
As an Assistant Underwriter, a typical day would include:
· Responsible for underwriting of insurance products and progressing the portfolio of Tech Lines business including Power Generation, Construction and Inland Marine. Working with Regional Office where higher authority levels are required.
· Maintain profitable renewal accounts as well as assist in the achievement of financial plans and business strategies to ensure profitable growth for Tech Lines
· Maintain close rapport and relationship with brokers, maintains liaison with producers to obtain necessary underwriting information, promote satisfactory service relationship and to encourage the submission of targeted business
· Develop a multiline view of some of our key clients’ relationships and broaden your knowledge from the Tech Lines product to all solutions that Chubb can offer to maximize the value we bring for our clients
· Secure additional information where necessary and analyses all pertinent data to determine acceptability of risks according to established underwriting standards
· Review endorsements on existing policies to identify any change in original coverage or amounts. Evaluates, accepts, rejects or modifies risks within established underwriting guidelines. Assist in preparing submissions for higher review
· Ensure that systems are updated with the correct data (data accuracy), maintain rates adequacy, rates validation and uphold our Underwriting philosophy.
· Coordinate with the support team to ensure valid and timely response on quotations and production of policies, endorsements, certificates, renewal notices, and other administrative requirements
· Assist in performing peer review and audits
· Perform ad hoc projects and other related duties as assigned
What you will need:
· Diploma, Bachelor’s Degree, Business Degree, relevant Insurance qualifications or equivalent
· Demonstrated underwriting ability and technical competence as evidenced by a minimum of 1-2 years’ underwriting experience or equivalent industry experience
· Analytical skills and ability to evaluate and judge underwriting risks
· Effective communication & interpersonal skills to work effectively with clients, brokers, agents & Chubb personnel
· To be self-motivating with a drive for self-improvement and progression
