General Insurance Manager

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 programs Audit of assets and insurances: · Engages appraisers / insurance consultants to review the valuation of the Group’s assets and adequacy of the Group’s insurance Insurance claims and administration: · Reports and manages all insurance claims from notification of the claims up to settlement of the claims · Manages database of insurance policies and claims across the Group, including subsidiaries and overseas investments and facilitates renewals and enquiries · Provides updates to Internal Audit team and Senior Management Requirements · Bachelor’s Degree in Law / Business Administration / Finance / Economics or equivalent · Minimum 5 years of proven experience in insurance broking or underwriting industry · Possess excellent communication skills with savvy approach when dealing with insurance brokers and underwriters · Strong understanding of insurance programs and handling insurance claims · Well informed of insurance market trends and issues