Key responsibilities include:
- Underwriting and pricing new and renewal H&M and Cargo business within delegated authority limits.
- Managing complex and high-value marine risks, including project cargoes, bulk cargo, pleasure craft, and bluewater vessels.
- Handling the full facultative reinsurance process (both inward and outward) in line with the company's risk appetite.
- Driving business growth by building strong relationships with brokers, intermediaries, and key clients to achieve revenue and profitability targets.
- Overseeing policy administration, including policy issuance, endorsements, certificates, and coordination with internal teams and clients.
- Supporting digital transformation initiatives, including marine portal development, user acceptance testing (UAT), and training intermediaries on new systems.
- Maintaining accurate underwriting records, renewal schedules, and compliance databases.
- Providing technical expertise, guidance, and training to distribution teams, intermediaries, and internal stakeholders.
- Monitoring outstanding premiums and collaborating with the actuarial team on reinsurance treaty renewals.
Overall, the role combines marine underwriting expertise, reinsurance management, business development, operational oversight, stakeholder engagement, and digital transformation leadership to support the growth and profitability of the marine insurance portfolio.
Skills Required
- Underwriting and pricing new and renewal Hull & Machinery (H&M) and Cargo business within delegated authority limits
- Managing complex and high-value marine risks including project cargoes, bulk cargo, pleasure craft, and bluewater vessels
- Handling full facultative reinsurance process (inward and outward) in line with company risk appetite
- Business development: building and maintaining relationships with brokers, intermediaries, and key clients to meet revenue and profitability targets
- Overseeing policy administration including issuance, endorsements, certificates, and coordination with internal teams and clients
- Supporting digital transformation initiatives, including marine portal development, user acceptance testing (UAT), and training intermediaries on new systems
- Maintaining accurate underwriting records, renewal schedules, and compliance databases
- Providing technical expertise, guidance, and training to distribution teams, intermediaries, and internal stakeholders
- Monitoring outstanding premiums and collaborating with actuarial team on reinsurance treaty renewals
What We Do
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. For more information, please visit www.income.com.sg
