Insurance Underwriter

Job Description

As an Insurance Underwriter in our Cape Town office, you'll be responsible for evaluating insurance risks and setting policy terms that accurately reflect these assessments. We are looking for a proactive team player who excels in a fast-paced environment and possesses a strong understanding of the insurance market.

Responsibilities

• Perform thorough risk assessments for new and existing clients.
• Create new underwriting guidelines based on evolving market demands.
• Provide training and support to underwriting assistants and junior staff.
• Review changes in clients’ circumstances and update insurance coverage accordingly.
• Support sales teams by providing accurate and timely underwriting information.
• Assist in creating and promoting educational materials for agents.
• Monitor claims data to identify underwriting patterns and enhance risk understanding.
• Prepare and present underwriting reports to senior management.

Requirements

Education

• Bachelor's degree in Economics or a related field
• Postgraduate qualification preferred

Experience

• 5+ years of experience within the insurance sector

Technical Skills

• Data Analysis
• Regulatory Knowledge

Soft Skills

• Decision Making
• Client Relationship Management

Certifications

• Fellow of the Insurance Institute of South Africa (FIISA)
• Underwriting Risk Assessment Certificate

Languages

• English: Fluent

Advantageous

• Proficiency in data analytics tools: Experience with tools that analyze insurance data to refine underwriting decisions.
• Bilingual communication skills: Fluency in Afrikaans or another local language is an advantage.

Benefits

• Extensive medical and dental coverage
• Generous leave policies including parental leave
• Training and mentorship role development
• Flexible work arrangements where possible

Company Culture

• Inclusivity: We celebrate diversity and believe that an inclusive workforce enhances creativity.
• Customer Focus: Our team prioritizes our clients' needs, crafting tailored insurance solutions.
• Continuous Improvement: We value continuous learning and encourage employees to pursue personal and professional development.