Insurance Underwriter

Job Description

Join our team as an Insurance Underwriter, where you will evaluate risk factors and develop insurance policies that align with company guidelines and client requirements. Your contributions will help shape our clients' insurance experiences.

Responsibilities

• Evaluate insurance applications and determine coverage amounts based on risk assessment.
• Analyze data to assess risk factors and recommend appropriate policy terms.
• Collaborate with brokers and clients to gather necessary information for underwriting.
• Prepare underwriting reports and ensure all documentation is accurate.
• Stay updated on industry trends and changes in regulations impacting underwriting procedures.
• Provide guidance and training to junior underwriters.
• Review loss experience and adjust terms as necessary for existing policyholders.
• Engage in regular communication with clients to address concerns and clarify underwriting results.
• Participate in ongoing training and professional development programs.

Requirements

Education

• Bachelor's degree in Finance, Business Administration, or related field

Experience

• 3+ years of experience in underwriting or related insurance roles

Technical Skills

• Risk Assessment
• Analytical Skills

Soft Skills

• Communication
• Attention to Detail

Certifications

• Chartered Insurance Institute (CII) Certification

Languages

• English: Fluent

Advantageous

• Experience with underwriting software: Familiarity with industry-specific underwriting software tools.
• Knowledge of insurance regulations: Understanding the regulatory environment governing insurance practices.

Benefits

• Competitive salary with performance bonuses
• Comprehensive medical aid and retirement plans
• Flexible working hours
• Opportunities for professional development and growth

Company Culture

• Teamwork: Our team-oriented culture emphasizes collaboration and support among members.
• Innovation: We encourage innovative thinking and new ideas from every team member.
• Professional Growth: We invest in our employees' professional growth and provide various learning opportunities.