Insurance Underwriter

Job Description

As an Insurance Underwriter, you will assess insurance applications and determine coverage amounts and terms while mitigating risk for the company. This role involves evaluating policy applications, reviewing financial information, and collaborating with agents to ensure comprehensive coverage for our clients.

Responsibilities

• Evaluate insurance applications and determine risk factors.
• Assess financial documents and other relevant data.
• Communicate with agents to obtain necessary information.
• Underwrite new and renewal policies according to underwriting guidelines.
• Collaborate with claims adjusters and brokers when necessary.
• Maintain accurate records of underwriting decisions and rationale.
• Provide recommendations for policy terms and conditions.
• Assist in developing underwriting policies and strategies.
• Monitor and evaluate trends in policyholder claims data.

Requirements

Education

• Bachelor's degree in Actuarial Science or Business Administration

Experience

• 5 years of experience in underwriting within the insurance industry

Technical Skills

• Statistical Analysis
• Negotiation Skills

Soft Skills

• Leadership
• Interpersonal Skills

Certifications

• Associate in Insurance Services (AIS)
• Certified Risk Manager (CRM)

Languages

• English: Fluent

Advantageous

• Experience in Commercial Underwriting: Experience in underwriting commercial insurance policies and understanding complex coverage.
• Knowledge of Regulatory Compliance: Familiarity with insurance regulations and compliance requirements.

Benefits

• Competitive salary package
• Health and wellness benefits
• Retirement savings plan
• Paid time off and holidays
• Continuous professional development

Company Culture

• Team-Oriented Environment: We emphasize teamwork and collaboration to deliver the best solutions for our clients.
• Inclusive Culture: Our workplace promotes diversity and inclusion, welcoming applicants from all backgrounds.
• Innovation Driven: We foster an innovative culture that encourages creative thinking and new ideas.