Insurance Underwriter

Job Description

Join our team as an Insurance Underwriter, where you will evaluate insurance applications, identify risks, and assist in crafting policies that protect our clients. The role requires strong analytical abilities and a proactive approach to risk management.

Responsibilities

• Evaluate and analyze potential risks of insurance applications.
• Set premium rates utilizing statistical data and market trends.
• Prepare necessary documents for policy approval.
• Regularly consult with agents to ascertain customer needs.
• Implement risk management strategies in underwriting processes.
• Stay updated on regulations affecting underwriting operations.
• Support the development of new insurance products.
• Collaborate with claims management for risk mitigation.
• Review the performance of underwritten policies.
• Foster relationships with brokers and clients.

Requirements

Education

• Bachelor's degree in Risk Management or Finance
• Postgraduate degree preferred

Experience

• 5+ years in an underwriting or similar insurance role

Technical Skills

• Underwriting Software
• Mathematical Skills

Soft Skills

• Analytical Thinking
• Team Collaboration

Certifications

• CII – Advanced Diploma in Insurance
• Fellowship of the Insurance Institute

Languages

• English: Fluent

Advantageous

• Familiarity with regulatory compliance: Understanding of insurance regulations and compliance standards.
• Experience with policy management systems: Hands-on experience with various insurance policy management platforms.

Benefits

• Health and wellness benefits
• Bonus structure tied to performance
• Professional development sponsorships
• Work-life balance initiatives

Company Culture

• Innovation: We support innovative ideas and creative solutions to problems.
• Support: We are here to support each other as we grow and learn together.
• Respect: All employees are treated with respect and dignity.