Property/Senior Property Underwriter

The Opportunity:

Zurich Insurance is one of the leading insurers in Singapore that is widely recognized and trusted by clients and broker partners for insuring large and complex commercial risks. We are currently in an exciting and transformative period, where we aim to not only continue strengthening our leading position in the large commercial risks sector but also expand to provide valuable insurance solutions to a broader range of small and medium-sized commercial clients in Singapore as well as other countries of Asia.

 We are seeking a skilled and motivated Senior Property Underwriter / Property Underwriter to join our Commercial Insurance team. In this role, you will collaborate with clients and brokers to provide tailored solutions, leveraging your expertise to balance risk management with customer satisfaction. You will analyze and underwrite new and renewal business, utilizing The Zurich Way of Underwriting Framework within delegated authority levels while ensuring the delivery of high-quality service to our customers and contribute to the growth and profitability of our commercial property insurance portfolio.

Key Accountabilities:

Proactive Account Management - Seek renewal and identify new business opportunities while managing a qualified list of prospects. Serve as the primary contact for assigned accounts, ensuring strong engagement and relationship management.

Conduct detailed opportunity assessments with key brokers to identify growth opportunities.

Participate in Sales Team meetings and assist in managing a qualified list of opportunities and update required systems with details of broker/client visits and account status within specified time frames. Prepare necessary documentation and perform account servicing tasks. Serve as key contact for assigned target accounts.

Cross-Selling and Product Density - Increase product density by cross-selling other lines of business to existing accounts.

Independently assess and price medium to high complexity risks, set and negotiate terms and conditions in accordance with underwriting guidelines. Provide expertise on coverage issues with claims programs and guidelines.

Develop and maintain strong networks with wholesale and facultative reinsurance brokers and cedants. Engage with brokers, leading discussions and proactively seeking new business opportunities.

Demonstrate strong business development skills to identify and pursue new business opportunities. Leverage established connections with wholesale/Fac RI brokers and cedants to drive business growth.

Assist in training and developing junior team members, supporting their growth and proficiency.

Demonstrate strong knowledge of underwriting philosophy, techniques, regulations, and guidelines.

Exhibit superior skills in relationship building, active listening, needs analysis, and win-win negotiating. Demonstrate strong negotiation skills and the ability to effectively assess risk.

Qualifications, Experience & Skills Required:

Minimum 5 years of Experience in underwriting large and complex Property risks in the Asia Pacific market

Business Development skills and established connections with wholesale/ Fac RI brokers and cedants

Thorough understanding of the Asian wholesale broker network with good business planning skills

Strong negotiation skills with a high level of customer and commercial awareness on terms & conditions and be able to successfully close deals

Able to prioritize accounts, work in a dynamic market meeting deadlines for quotes on new and renewal business.

Demonstrated ability to work independently and under pressure, enabled to make informed decisions within delegated authority levels.

Strong organizational and time management skills, with the ability to manage multiple priorities and meet deadlines.

Strong verbal and written communication skills