Insurance Underwriter

Job Description

As an Insurance Underwriter, you will be responsible for assessing risk, determining policy terms, and evaluating insurance applications. This role requires strong analytical skills and the ability to make informed underwriting decisions.

Responsibilities

• Assess risk factors and determine insurance policy terms.
• Evaluate insurance applications and make recommendations.
• Collaborate with agents to clarify information and complete applications.
• Review and analyze clients’ financial status and compile risk assessment reports.
• Provide expert advice on risk management strategies to clients.
• Monitor policy renewals and ensure all underwriting documents are accurate and complete.
• Stay updated on industry trends and regulatory changes affecting underwriting practices.

Requirements

Education

• Bachelor's degree in Risk Management, Finance, or related field

Experience

• 5+ years of underwriting experience

Technical Skills

• Insurance Regulations
• Data Analysis

Soft Skills

• Negotiation Skills
• Customer Service

Certifications

• Fellow of the Chartered Insurance Institute (FCII)

Languages

• English: Fluent

Advantageous

• Familiarity with risk management software: Knowledge of tools used for risk assessment and management in insurance.
• Previous experience in claims assessment: Previous work in assessing insurance claims can be beneficial.

Benefits

• Medical aid and health insurance contributions
• Retirement fund contribution
• Flexible working hours
• Employee discounts on insurance policies

Company Culture

• Collaborative Environment: We promote teamwork and the sharing of ideas to achieve common goals.
• Continuous Learning: We value professional development and support ongoing education.
• Integrity and Trust: We believe in maintaining transparency and accountability in all our dealings.