Senior Underwriter, Marine Liability

2 weeks ago


Singapore Munich Re Specialty - Global Markets Full time

Marine Liability Undewriter

**Company**
Munich Re Specialty - Global Markets
**Location**
Singapore, Singapore

**Overall objective**

The prudent underwriting of quality business in line with the business plan to facilitate maximum return of profit while maintaining the firm’s reputation and integrity, demonstrating care for customers and respect for the regulatory obligations of the firm.

**Responsibilities**

**Underwriting**
- ** Underwrite relevant risks, (foreign book renewals and syndicate lead business when required) exercising judgement in all underwriting matters, and remain aware of own underwriting limits as set out on the Binding Authority Agreement, all in accordance with Underwriting business plan;**:

- ** Focus on expanding marine liability business in a profitable manner**:

- ** Conduct and develop effective relationships within Lloyd’s, both with peers and with Brokers, with a view to securing new business that falls within the Munich Re Syndicate portfolio, specifically the**risks underwritten by your team.**

**Management Reporting**
- ** Support Class underwriter in London to calculate quarterly Realistic Disaster Scenario (“RDS”) reporting;**:

- ** Provide Analytical Support as follows**:

- ** Monitor underwriting performance. As a minimum, this includes; gross/net premium, claims paid/outstanding/incurred and loss ratio**:

- ** Assess and report on underwriting market conditions and the likely impact to the current business plan**:

- ** Ensure that Written/Anticipated premium is in line with Booked premium.**

**Compliance**
- ** Ensure that company procedures and systems are followed and maintained, as per procedures and compliance manuals.**:

- ** Ensure that underwriting takes place within the agreed authority criteria, otherwise to obtain authorisation from the Class underwriter in London.**:

- ** Ensure that all contract certainty issues are addressed for all relevant risks;**:

- ** Ensure that all rules and regulations, as prescribed by the MAS and Lloyd’s are complied with, especially those relating to the underwriting function.**

**Administration**
- ** Review slips and/or other information/literature, exercising own judgment to ensure the Marine Liability and Specie risks’ accounts remain within Underwriting business plan and adheres to authority limits.**:

- ** Perform an independent and objective peer review function for other underwriting classes;**:

- ** To liaise with and provide assistance (when required) to Finance department in respect of credit control, to ensure the timely recovery of premiums due and outstanding**

You are required to comply with following conduct rules:

- Acting with honesty and integrity at all times
- Acting at all times with due care, skill and diligence
- Being open and honest with the regulators at all times
- Always paying due regard to the interests of customers and always treat them honestly and fairly
- Observing proper standards of market conduct at all times
- You must take reasonable steps to ensure that the business of the firm for which you are responsible is controlled effectively
- You must take reasonable steps to ensure that the business of the firm for which you are responsible complies with the relevant requirements and standards of the regulatory system
- You must take reasonable steps to ensure that any delegation of your responsibilities is to an appropriate person and that you oversee the discharge of the delegated responsibility effectively.
- You must disclose appropriately any information of which the regulators would reasonably expect notice

**Knowledge and Skills**
- **
Strong knowledge and understanding of**:

- Underwriting a marine liability account, including applicable risks, wordings, and clauses
- Marine liability risks
- Insurance Legal Principles;
- MAS and Lloyd’s rules and regulations including contract certainty issues;
- All company specific procedures that relate to own role and role of those employees that you are supervising;
- ** Demonstrate clear understanding of the roles of colleagues and their relationships to the structure and business plans of the Company**:

- ** Develop and maintain market awareness;**:

- ** Willingness to continue to develop knowledge of products, underwriting and related issues through formal and informal learning, both internally and externally to the firm.**:

- ** Be aware of the potential risks facing the business within own job role and the controls that are in place to mitigate them; and report all significant changes in these risks, or the effectiveness of controls, to your line manager in a timely manner.



  • Singapore HDI Full time

    As part of the Talanx Group, HDI Global SE, Singapore has been one of the leading insurers offering a broad and needs-based range of insurance solutions and accompanying services for decades. HDI operates through foreign branches, subsidiaries and affiliates as well as network partners in more than 150 countries. We offer our employees all of the advantages...

  • Marine Underwriter

    2 days ago


    Singapore Randstad Singapore Full time

    Join or sign in to find your next job Join to apply for the Marine Underwriter role at Randstad Singapore 2 days ago Be among the first 25 applicants Join to apply for the Marine Underwriter role at Randstad Singapore Get AI-powered advice on this job and more exclusive features. This range is provided by Randstad Singapore. Your actual pay will be based on...

  • Underwriting Manager

    2 weeks ago


    Singapore beBeeInsurance Full time

    About This Role">We are seeking a highly skilled Underwriting Manager to lead our Marine, Hull, and Liability products.This role demands a strategic thinker who can drive profitable growth, foster strong relationships with intermediaries, and contribute to the development of innovative insurance solutions.Your Key Responsibilities">Responsible for...


  • Singapore Zurich Insurance Full time

    **The Opportunity**: Are you passionate about marine insurance and eager to advance your underwriting career? Join our team as a Senior Underwriter in the Marine sector with a focus on marine cargo, project cargo, fine art and specie and marine liability business. You will analyze and underwrite new and renewal business, engaging with the market and...


  • Singapore RevUp Consulting Full time

    Head of Marine - Direct Insurance Company - Singapore An Established Insurance company is looking for Head of Marine based in Singapore. As one of the key executives of the commercial line business, the Marine Head will play a critical role in setting the business strategy and building the capabilities and market presence. You will be responsible for -...

  • Marine Underwriter

    1 day ago


    Singapore Liberty Mutual Insurance Full time

    Join to apply for the Marine Underwriter role at Liberty Mutual Insurance 3 weeks ago Be among the first 25 applicants Join to apply for the Marine Underwriter role at Liberty Mutual Insurance Get AI-powered advice on this job and more exclusive features. Dependability, attention to detail, ability to follow/interpret procedures, and employ reason to...

  • Underwriter, Marine

    2 weeks ago


    Singapore Chubb Full time

    This position will principally be responsible for the underwriting, administration and operation of an existing portfolio of Marine Cargo business in conjunction with and under the direction of the appropriate Marine Senior Manager. In addition to the existing portfolio, a focus on the development of the portfolio by generation of new business is also...

  • Underwriter, Marine

    2 weeks ago


    Singapore Combined Insurance Full time

    This position will principally be responsible for the underwriting, administration and operation of an existing portfolio of Marine Cargo business in conjunction with and under the direction of the appropriate Marine Senior Manager. In addition to the existing portfolio, a focus on the development of the portfolio by generation of new business is also...


  • Singapore beBeeSenior Full time

    Job Title: Senior Cargo UnderwriterWe are seeking an experienced Senior Cargo Underwriter to join our team. This role demands a strategic thinker who can drive profitable growth, foster strong relationships with intermediaries, and contribute to the development of innovative insurance solutions.The ideal candidate will have a thorough understanding of class...


  • Singapore A BETTER CO PTE. LTD. Full time

    **Key Responsibilities**: - Evaluate and underwrite casualty insurance risks, including general liability, umbrella/excess, and other specialty lines. - Analyze submissions, including financial statements, loss history, and risk exposures, to determine risk acceptability and pricing. - Develop and maintain relationships with brokers, agents, and other...