Insurance Underwriter

Job Description

We are seeking a diligent Insurance Underwriter to evaluate policy applications, assess risks, and determine appropriate premiums. Your expertise will help us navigate complex insurance scenarios and serve our clients effectively.

Responsibilities

• Underwrite new and renewal insurance policies according to company standards.
• Analyze statistical data to assess risk and determine premiums.
• Liaise with brokers to ensure accurate representation of client needs and background.
• Prepare coverage summaries and communicate details to relevant stakeholders.
• Collaborate with legal and compliance teams to mitigate potential liabilities.
• Keep abreast of industry trends and adjust underwriting practices accordingly.
• Foster a culture of risk awareness and responsible underwriting within the team.

Requirements

Education

• Bachelor's degree in Business Administration or a related field
• Master's degree is preferred

Experience

• 5+ years of experience in insurance underwriting

Technical Skills

• Technical Underwriting Skills
• Statistical Analysis

Soft Skills

• Problem-Solving
• Negotiation Skills

Certifications

• Chartered Insurance Institute (CII) Membership
• Certified Professional Insurance Agent (CPIA)

Languages

• English: Fluent

Advantageous

• Proficient in Microsoft Excel: Advanced skills in Excel for data analysis and reporting.
• Experience with underwriting databases: Familiarity with insurance underwriting software and databases.

Benefits

• Health and dental insurance
• Performance bonuses based on individual and company performance
• Generous leave policies and family-friendly work environment
• Access to ongoing training and career advancement programs

Company Culture

• Inclusivity: We are dedicated to creating an inclusive environment where everyone feels valued.
• Supportive Environment: Our team is supportive and values individual perspectives and contributions.
• Work-Life Balance: We promote a healthy work-life balance through flexible scheduling.