Insurance Manager

Job Title:

Insurance Manager

Contract Type:

Permanent

Time Type:

Full time

Job Description:

Overview of the Role

The Insurance Manager oversees Gunvor’s global insurance strategy to protect company assets, liabilities and operations. The role manages corporate and local insurance programs, optimizes risk allocation between external markets and the captive, oversees claims handling, and advises business units on insurance and risk mitigation to ensure cost‑effective coverage across the Group.

Main Responsibilities

• Manage corporate insurance programs: maintain, improve and renew group and local policies (cargo, storage, charterer’s liability, civil liability, property, etc.); challenge renewals on premium, deductible and cover; administer required policies; consolidate Group insurance data.

• Optimize risk allocation: balance cover between external insurers and the captive, and identify opportunities to reduce premium or improve terms.

• Identify, evaluate and mitigate operational risks: analyse ongoing risks across entities and business lines; assess risks from new projects, contracts and acquisitions; promote loss prevention initiatives.

• Provide insurance expertise: advise business units on risk placement and policy design; draft and review insurance and risk clauses in commercial contracts; assist on credit/political risk as required.

• Manage claims: notify and follow up claims with brokers, insurers and surveyors; coordinate mitigation efforts; drive timely resolution and indemnity payments.

• Review service and competitiveness: obtain annual stewardship reports from brokers/insurers/surveyors; review commissions; run RFPs and tender servicing contracts.

• Train and raise awareness: educate staff on key insurance program features and claims processes; brief Group entities on program changes.

• Budgeting and reporting: estimate annual premiums with brokers, assess claim trends, develop loss prevention budgets, and produce regular risk and insurance reports.

• Market intelligence: monitor insurance market developments relevant to oil & gas and compile data on major industry losses and new products.

• Administrative duties: manage filing and processing of insurance documents and invoices and perform other duties as assigned.

Profile/Key Skills

• Bachelor’s degree or higher in insurance, risk management, finance or related field; professional insurance qualifications desirable.

• Minimum 7 years’ professional experience in insurance (broker or in‑house), ideally with exposure to oil & gas or commodity trading sectors.

• Proven experience handling corporate insurance programs, renewals and claims.

• Knowledge of Lloyd’s and continental insurance markets; familiarity with captive insurance structures is a plus.

• Deep technical knowledge of insurance products, underwriting and market practice.

• Strong commercial acumen and ability to negotiate coverage, terms and commission structures.
  • Excellent organization, stakeholder management and communication skills.
  • Results oriented, reliable and able to work across multiple jurisdictions.

• Fluent English Required

If you think the open position you see is right for you, we encourage you to apply!

Our people make all the difference in our success.