Assistant Underwriter

2 weeks ago


Singapore Chaucer Group Full time
Participate in a dynamic energy (Upstream and Renewables) underwriting environment in Singapore and contribute to the team delivering on its business plan.

Main duties
  • Assist in the review of new and renewal risks including slip analysis, perform rating analysis, pricing models, contract certainty review and undertake premium monitoring
  • Assist in PML analysis in conjunction with the modelling/aggregation team
  • Monitor risks written and due for renewal.
  • Prepare reports and statistical information as required by the underwriters.
  • Assist with the developments and enhancements of underwriting systems where applicable, e.g.: new and/or enhanced benchmarking models, etc.
  • Liaise with brokers and develop good working relationships with broking and support teams.
  • Liaise with other business areas within Chaucer as required including credit control, claims, internal risk review, actuarial etc. as required
  • Assist in the preparation of slips for peer review & liaise with peer reviewer as and when required.
  • Use market, industrial and other sources to enhance awareness of technical factors and developments relevant to portfolio underwriting and the upstream/renewables industry generally.
  • Attend market risk presentations and market body meetings as and when required
  • To keep abreast of underwriting related issues including legal developments
  • Underwriting in line with current letter of authority issued by CSL compliance
  • Responsible for ensuring account administration, maintenance and monitoring is up to date and accurate
  • Liaise as required with brokers, finance and velonetics in all respects to ensure accurate and timely premium payment and recording in charisma.
Regulatory responsibilities

Comply with all policies and procedures and ensure that due regard is paid to providing good customer outcomes and the fair treatment of customers.

Manage the relationships with Customers, Agents and Service Providers:
  • Advise, assist and service customers on insurance and risk matters to promote customers' satisfaction;
  • Foster positive relationships with Customers and attain an understanding of their needs;
  • Ensure that Customer Complaints are promptly identified, recorded and referred as appropriate; and,
  • Complete all required annual product review assessments to agreed timescales with approvals obtained and recorded
  • Follow all Chaucer Group Product Governance processes in the UCM and obtain appropriate approvals
  • Ensure that the principles of providing good customer outcomes and the fair treatment of customers are upheld by Agents and Service Providers.
Skills and Competencies
  • Knowledge of the Lloyd's & / or Company Market
  • Knowledge of Oil & Gas Industry practices and procedures
  • Knowledge of Offshore Energy insurance practices and procedures
  • Upstream Energy or Marine Hull experiences Preferred
Education
  • 3 A Levels (A-C)
  • Dip CII or equivalent and working towards ACII
  • Degree
ABOUT US

Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).

A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.

We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.

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