Insurance Claim Executive
6 days ago
Key Responsibilities
Insurance Claims Management
- Manage the end-to-end claims process for Hull & Machinery, Protection & Indemnity (P&I), Cargo, Liability, and Crew Injury/Work Injury Compensation claims.
- Assess claim validity by reviewing contracts, charter parties, incident reports, medical/legal documentation, and insurance policies.
- Ensure timely notification and filing of claims with insurers, brokers, and P&I Clubs in accordance with policy terms.
- Coordinate with surveyors, adjusters, and external legal counsel for claim assessments and negotiations.
- Track claim progress and pursue recoveries to achieve fair and timely settlements.
Legal & Compliance Support
- Assist in reviewing insurance clauses in contracts, charter parties, and agreements.
- Draft, review, and maintain claim-related correspondence, settlement agreements, and legal notices.
- Ensure compliance with international maritime conventions (MLC, SOLAS, MARPOL), flag state regulations, and local laws.
- Provide legal opinions and risk assessments on claim exposures.
- Support litigation or arbitration cases relating to marine insurance disputes when required.
Risk & Policy Support
- Provide claims analysis and legal input during annual insurance renewals.
- Identify contractual and operational risks from a legal and insurance perspective.
- Advise internal stakeholders (Operations, Crewing, Technical, Finance) on claim procedures and risk mitigation.
- Contribute to loss prevention initiatives by highlighting recurring legal/claims issues.
Reporting & Stakeholder Engagement
- Prepare claim status reports, trend analyses, and legal updates for management
- Act as the primary liaison with external parties including insurers, brokers, correspondents, and P&I Clubs.
- Provide training and guidance to operations and vessel staff on incident reporting and insurance requirements.
Requirements
- 2–4 years of relevant experience in marine insurance claims, shipping law, or maritime legal practice.
- Knowledge of marine insurance (Hull & Machinery, P&I, Cargo, Crew, Liability) and maritime conventions.
- Formal legal qualifications desirable
- Strong legal drafting, analytical, and negotiation skills.
- Familiarity with charter parties, carriage of goods, and shipping contracts.
- Excellent communication skills to engage with international stakeholders.
- Proficient in Microsoft Office; experience with claims or case management systems preferred.
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