Renewable Energy

Renewable Energy & Alternative Fuel (REAF) Risk Engineer 

Chubb is the world's largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.  

Background:

This is an exciting opportunity to join our newly created Renewable Energy & Alternative Fuels (REAF) Industry Practice in Chubb Overseas General (COG). COG is Chubb's International business, covering all regions outside of North America. The practice has been developed to drive accelerated, profitable growth in the broad range of energy transition technologies by developing industry specialism across lines of business. REAF IP puts the customer and their specific needs as the focus, developing tailored multi-line products and risk engineering services, whilst reducing the complexity of the customer journey. REAF IP clients include developers and operators of renewable power assets (wind, solar, geothermal, biomass, hydro, wave & tidal), the power grid and energy storage, alternative fuel production, storage and transportation assets (biofuels, hydrogen, nuclear), and other transition technologies such as heating and cooling networks and carbon capture and storage projects. 

This role will report into the Head of Specialty Engineering, COG with a matrix reporting (dotted) line to the COG Climate+ Head of Renewable Energy & Alternative Fuels Practice. 

Role Purpose:

Risk engineering is an integral function of the REAF practice and Chubb's approach to underwriting more broadly; the successful candidate will manage and be responsible for the following: 

• Work collaboratively with existing Line of Business (LoB) engineering teams across Construction, Natural Resources (Energy & Power), Casualty, Environmental and Financial Lines (Specialty) to lead a multi-line approach to risk engineering, with a focus/priority on the middle market segment. Including, but not limited to, reviewing existing underwriter-engineer engagement/process, developing new processes to drive efficiency and supporting development of risk engineering guidance for REAF occupancies. 
• Support REAF IP leader and underwriters across COG providing technical input into risk assessment, evaluating submission information including reports provided by brokers and other third parties and completing engineering reviews. 
• Conduct site visits and risk surveys of client's projects and premises, including input into broker reports and risk improvement recommendations. 
• Support REAF underwriters in client and broker meetings.
• Develop and manage technology databases for REAF occupancies to track proven/unproven technology. 
• Work with Climate Tech risk engineering to establish formal communication channels for information sharing on technology across the two Climate+ practices; REAF and Climate Tech.  
• Collaborating with North American Climate engineering practice to develop common projects and exchange knowledge. 
• Work closely with the COG Climate+ Claims Leader and liaise with third parties (loss adjusters, claims consultants, surveyors and lawyers) to keep up to date with Chubb's loss experience, and loss trends in the market more broadly. This experience will be fed back into the underwriting process to enable quick response to these fast-developing industries. 
• Collaborate with LoB to develop risk fundamentals across LoB for REAF occupancies and develop loss scenarios and approach to corresponding EML/PML/PBL calculations. This work includes exploring enhancements to how NATCAT exposures are calculated for REAF occupancies. 
• Identify internal and external data sources that enable qualifying and quantifying critical risk factors on REAF occupancies.
• Develop ongoing learning and development curriculum for underwriters, claims and risk engineering colleagues across COG regions.
• Keep informed of REAF industry developments including technological developments, regulatory and policy changes, investment and challenges and produce communications to share with stakeholders across COG. 
• Work with COG REAF leader and marketing & communications to develop thought leadership articles for external audience. 
• Create, market and develop value-added risk engineering services for REAF clients.
• Attend and participate in industry events to represent Chubb and grow network of industry stakeholders, including presenting, participating on panel discussions and engaging with industry working groups.

Technical Skills: 

• Minimum 10 years' experience across key range of engineering activities; construction and operation of onshore wind, solar, battery energy storage systems, power transmission and distribution.
• Ideally several years' experience as an insurance risk engineer. 
• Relevant engineering degree e.g. BSc/BEng/MEng in mechanical, electrical or chemical engineering.
• Professional qualifications e.g. Chartered status (C.Eng) of a recognised engineering institution preferred e.g. MIMechE, MIChemE, MIStructE, MICE or similar.
• Extensive knowledge of the Energy and Power sectors with a desire for continuous learning.
• Stakeholder management and leadership skills.
• Practical and results driven with ability to make own decisions, manage and prioritise workload according to needs of the business, and work on own initiative.
• An experienced professional; clear and confident communicator with the ability to convey technical information to non-technical audiences.

Other Requirements:

• Willingness to travel across COG regions.
• The role is located in Chubb's London Leadenhall office with an expectation to attend the office at least 3 days a week.