Marine Insurance Underwriter

Salary Range: S$4,500 - S$5,000

Responsibilities

1. Assess marine insurance applications by reviewing risk details relating to vessels, cargo, trade routes, operations, and coverage requirements.
2. Prepare quotations, policy terms, endorsements, renewals, and other underwriting documentation in accordance with internal guidelines.
3. Analyze supporting documents, claims histories, survey reports, and other relevant information to identify potential risk exposures.
4. Liaise with brokers, clients, and business partners to obtain additional information and clarify underwriting requirements.
5. Support senior underwriters in evaluating more complex marine risks and structuring appropriate insurance solutions.
6. Monitor existing policies and renewal accounts to ensure timely review, follow-up, and continuation of coverage.
7. Maintain accurate underwriting records, policy data, correspondence, and documentation within internal systems.
8. Track portfolio performance, claims experience, and market developments to support underwriting decisions and risk selection.
9. Coordinate with claims, operations, finance, and other internal teams on policy administration and account-related matters.
10. Build knowledge of marine insurance products, underwriting practices, regulatory requirements, shipping activities, and emerging maritime risks.

Requirements

1. Diploma or bachelor’s degree in Insurance, Business, Finance, Maritime Studies, Economics, or a related discipline.
2. Fresh graduates or candidates with up to 2 years of relevant experience in insurance, underwriting, shipping, logistics, maritime services, or a related field are welcome.
3. Good numerical, analytical, and problem-solving skills, with the ability to interpret risk information and supporting documentation.
4. Strong communication and interpersonal skills, with the confidence to work with brokers, clients, and internal stakeholders.
5. Detail-oriented, organized, and proficient in Microsoft Office applications, with a keen interest in developing a career in marine insurance underwriting.

Clarence Khoh

R1552376