Executive, Marine

4 days ago

Singapore Income Insurance Limited Full time

Income Insurance Limited (Income Insurance) is one of the leading composite insurers in Singapore, offering life, health and general insurance. Established in Singapore to plug a social need for insurance in 1970, Income Insurance continues to put people first by serving the protection, savings and investment needs of individuals, families and businesses today. Its lifestyle-centric and data-driven approach to insurance and financial planning puts the company at the forefront of innovative solutions that empowers the people it serves with better financial well-being. Additionally, Income Insurance is committed to being a responsible business that champions the environment and builds stronger communities by supporting financial inclusion, education for youth-in-need and seniors' well-being.

**Responsibilities**:

- Contribute towards achieving the targeted Gross Written Premium, Underwriting Results and Business Targets.
- Responsible for underwriting new business and review of renewal business of Marine portfolio (including cargo and hull).
- Underwrite and accept risks within delegated authority as specified in Underwriting Guidelines, Treaty and Acceptance Limits, and to obtain approval from HOS and/or HOD if authority exceeded.
- To place facultative reinsurance for risks exceeding Treaty capacity, and/or for the purpose of minimizing and spreading risk exposure
- Build and maintain strong relationships with clients and intermediaries, and to enhance business retention and new business development.
- Assist team to prepare monthly reports, and follow up on cargo declarations.
- Undertake projects or other duties which may be assigned.

**Qualifications**
- Minimum 3 years' experience in marine insurance underwriting/ broking preferred.
- Knowledge of marine insurance, particularly in cargo and/or hull preferred.
- Good team player with strong analytical skills and ability to work under pressure.
- Good communication, problem-solving and negotiation skill.
- Strong customer focus and service-oriented.
- Detail-oriented and performance-driven.
- Proficient in MS Office (Excel, Word, Powerpoint)

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