Marine Risk Engineer

Reposted 2 Hours Ago
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Singapore
In-Office
Senior level
Insurance
The Role
The Marine Risk Engineer will enhance business by developing risk strategies, conducting reviews, collaborating on claims, and providing expert support in marine engineering.
Summary Generated by Built In
To have the market presence and respect in the line of business underwritten in order to develop further that line of business within agreed business plan parameters. To adhere to the underwriting authority granted. To focus on delivering the agreed combined loss ratio target.

What we ask of you:

  • Liaise closely with the APAC marine underwriting teams on new risk submissions and provide engineering focussed reviews on the technology being used
  • Perform reviews of survey information.
     
  • Attend site or review client risk management information to help advise clients on risk mitigation strategies.
     
  • Enhance the APAC Marine Team profile with support on thought leadership, conference attendance and speaking as required.
  • Complete ad hoc technology reviews including design, track record, natural catastrophe exposures and any related issues underwriters should be aware of.
     
  • Complete desktop and risk surveys for projects and follow market to review and give underwriters a better idea of risk profile.
     
  • Pro-actively target potential revenue streams for the engineering team, identifying opportunities from Markel’s existing client and pipeline base for engineering reviews. Devise business plan for these opportunities and agree budget in coordination with the Regional Marine Teams and Head of Singapore.
     
  • Liaise closely with the claims team on larger claims, to further team understanding of loss trends and to assist in claims adjustments and negotiations with OEM’s.
     
  • Collaborate with existing engineers at Markel to show expert client support from marine
     
  • Work with existing engineers to develop a common reporting and risk scoring framework that will scale through the organisation.
  • Assist underwriters in risk selection and understanding new technology.

What you will bring to the role:

The successful candidate will:
 

  • Have at least 8 years of experience as a marine risk engineer, preferably with Naval Architect background within industry and/or with an insurance company.
     
  • Have specific marine and engineering experience, with a technical grasp of current risk factors and underwriting concerns.
     
  • Demonstrate strong report writing skills.
     
  • Demonstrate being an active member of a team and contribute in an open environment.

Top Skills

Marine Engineering
Risk Management
Underwriting
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The Company
HQ: Glen Allen, VA
3,519 Employees
Year Founded: 1930

What We Do

At Markel, we believe in hard work, a zealous pursuit of excellence, and fairness in all our dealings.

Markel Corporation (NYSE: MKL) is a global Fortune 500 company headquartered in Richmond, Virginia. We seek to be a leader in each of our pursuits, with insurance being our primary business. As a market leader for specialty insurance, reinsurance, and investment operations around the world, Markel embodies integrity, commitment, teamwork, and innovation in every day operations. We are encouraged to look for a better way to do things. Since our founding in 1930, we have sought to know our customers’ needs and to provide quality products and service.

Markel specializes in providing coverage for hard-to-place risks for a variety of niche markets including:
• Agricultural and equine risks
• Reinsurance for large risk enterprises such as oil rigs
• Event cancellation insurance for weddings, concerts, and sporting events
• Inland marine coverage for fine art collections
• Environmental pollution
• Yachts, ATVs, and motorcycles

At Markel we provide an atmosphere in which people can reach their personal potential. We are results-oriented, and we continually strive for a better way to do things. The Markel approach is one of spontaneity and flexibility.

Markel helps employees balance work and social activities. Markel gives you the keys to success! Keeping an open mind and learning new skills allows our associates to stay ahead of the marketplace. Above all, we enjoy what we are doing. There is excitement here that comes from innovating, creating, striving for a better way, sharing success with others…winning.

That is the Markel Style.

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