Insurance Underwriter

Job Description

We are currently seeking an experienced Insurance Underwriter to join our dynamic team in Durban. The ideal candidate will be responsible for analyzing risks and determining coverage amounts and premiums. You will work closely with clients and agents to develop tailored insurance policies that meet their needs and ensure compliance with industry regulations.

Responsibilities

• Conduct thorough assessments of risk associated with policy applications.
• Work with actuaries to assess insurance pricing and potential profits.
• Negotiate terms and conditions of policies with clients and brokers.
• Stay updated on industry trends and regulatory changes.
• Provide exceptional customer service by addressing client inquiries promptly.
• Ensure all underwriting practices comply with company policies and regulations.

Requirements

Education

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

Experience

• 3-5 years of experience in underwriting or a related field

Technical Skills

• Risk assessment
• Analytical skills

Soft Skills

• Communication
• Problem-solving

Certifications

• Associate in Commercial Underwriting (ACU)
• Chartered Property Casualty Underwriter (CPCU)

Languages

• English: Fluent

Advantageous

• Experience with insurance software and tools: Familiarity with underwriting software and analysis tools for improved efficiency.
• Knowledge of local and international insurance regulations: Understanding of the regulatory environment influencing the insurance industry.

Benefits

• Competitive salary and performance-based bonuses
• Comprehensive health and wellness programs
• Retirement plan with employer contributions
• Opportunities for professional development and certifications

Company Culture

• Team-oriented environment: We value teamwork and encourage collaboration across all departments.
• Commitment to diversity: We are committed to promoting diversity and inclusion in the workplace.
• Continuous improvement: Employees are encouraged to pursue continuous professional development.