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