Insurance Underwriter

Job Description

Join Insurance Solutions Ltd. as an Insurance Underwriter in Durban. In this role, you will analyze applications to evaluate risks and set appropriate insurance terms. You'll be instrumental in assisting clients secure their assets while providing them with expert advice on coverage options.

Responsibilities

• Evaluate insurance applications and determine coverage terms.
• Assess risks based on calculations and data analysis.
• Collaborate with agents and clients to provide guidance on risk factors.
• Utilize underwriting software to process applications efficiently.
• Prepare reports detailing underwriting assessments and decisions.
• Ensure compliance with industry regulations and company policies.
• Maintain records of underwriting activities and client interactions.
• Assist in the development of new insurance products and changes in coverage.
• Provide training and support to junior underwriters.
• Participate in risk assessment meetings with management.

Requirements

Education

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

Experience

• 3+ years of experience in insurance underwriting

Technical Skills

• Risk Assessment
• Analytical Skills

Soft Skills

• Communication
• Attention to Detail

Certifications

• Chartered Insurance Institute (CII) Certification

Languages

• English: Fluent

Advantageous

• Familiarity with underwriting software: Experience using underwriting tools and software for efficient processing.
• Knowledge of industry regulations: Understanding of the legal aspects of insurance underwriting.

Benefits

• Competitive salary and performance bonuses
• Health insurance and retirement plan options
• Opportunities for professional development and growth
• Flexible working hours
• Work-life balance initiatives

Company Culture

• Teamwork: We believe in a collaborative work environment where every team member has a voice.
• Innovation: We encourage creative thinking and innovative solutions to meet our clients' needs.
• Customer Focus: Our clients are central to everything we do; we strive to exceed their expectations.