Insurance & Claims Officer

The primary responsibility of this position is to support the Insurance Manager in coordinating various aspects of Insurance & Claims within the maritime industry, including Hull & Machinery (H&M), Protection & Indemnity (P&I), FD&D, War Risk, and other related areas.

The role entails several key tasks and responsibilities under the direct supervision and guidance of the Insurance Manager.

• The applicant will be tasked with collecting relevant data about insurance policies, claims, risk assessments, and industry trends.
• They will analyze this data to extract meaningful insights, identify patterns, and assess the overall performance of insurance portfolios.

• A critical aspect of the role involves producing detailed reports based on the analyzed data. These reports will provide valuable information to stakeholders, aiding in decision-making processes and strategic planning.

• The applicant will assist Insurance Manager in the placement of insurance policies and the renewal process.
• This includes a detailed analysis of the Claims and Loss records of the fleet.

• Monitoring insurance policies is essential to ensure compliance, coverage adequacy, and timely updates as per regulatory changes or industry standards.
• The applicant will be responsible for tracking policy amendments, endorsements, and exclusions, as well as maintaining accurate records.
• Handling P&I claims is a significant aspect of the role, requiring the applicant to manage claims from initiation to resolution.
• This involves preparing a file for each potential insurance claim with all relevant documents, evidences, survey/investigation reports etc for the Insurance Manager to review and submit to the underwriters.
• Upon submission of a claim, regular follow-up with the underwriters for earliest settlement.

• Coordinating sanction checks is crucial to ensure compliance with international sanctions and regulatory requirements.
• Responsible for placing all war risk AP and monitoring all aspects of the voyage.

• Verify and process insurance-related invoices promptly to maintain coverage for the trading fleet.
• Monitor budgetary allocations and ensure accuracy in invoice payments to optimize cost management for insurance expenses.

• Applicants with a BSc. and/or MSc. in Shipping and/or a Degree in Law will be considered.
• A minimum of 3 to 5 years' experience in maritime Insurance & claims is required.
• Proficiency in English (written and oral) and computer skills are essential.
• Key competencies include a clear understanding of the marine insurances including P&I, FD&D, H&M, War Risk etc.