Roles & Responsibilities
Roles & Responsibilities
Insurance scope
- Responsible for Group’s existing insurance portfolio
- Reviews and critically assesses the risks and insurance needs of the Group for existing portfolio of assets and operations, and develops insurance strategies for current and future needs
- Procures new insurance policies taking into account business needs and keeps tabs on insurance developments and trends in the energy insurance market
- Updates underwriting information for insurance renewals and obtains feedback from internal departments to assess adequacy of insurance coverage
- Evaluates and negotiates premium rates, insurance terms with brokers and underwriters
- Analyses and updates financial ratings of brokers and underwriters annually
- Establishes a good working relationship with a panel of brokers and underwriters
- Develops and implements policies and SOPs on insurances for the Group
- Rolls out a playbook containing a summary of the Group’s main insurances for internal departments to reference to when negotiating contracts
Project insurances
Reviews insurance requirements of contracts, understands work scope and maps out insurance risk gap analysis in order to procure project specific insurance programsAudit of assets and insurances :
Engages appraisers / insurance consultants to review the valuation of the Group’s assets and adequacy of the Group’s insuranceInsurance claims and administration :
Reports and manages all insurance claims from notification of the claims up to settlement of the claimsManages database of insurance policies and claims across the Group, including subsidiaries and overseas investments and facilitates renewals and enquiriesProvides updates to Internal Audit team and Senior ManagementRequirements
Bachelor’s Degree in Law / Business Administration / Finance / Economics or equivalentMinimum 5 years of proven experience in insurance broking or underwriting industryPossess excellent communication skills with savvy approach when dealing with insurance brokers and underwritersStrong understanding of insurance programs and handling insurance claimsWell informed of insurance market trends and issuesTell employers what skills you have
Excellent Communication Skills
Valuation
Reinsurance
Investments
Assurance
Wealth Accumulation
Risk Management
Administration
Channel
Economics
Underwriting
General Insurance
Audits
Qi
Audit