Insurance Underwriter

Durban FULL TIME R25,000 - R37,500 / Month
(R300,000 - R450,000 / Year)

Job Description

Seeking a dedicated Insurance Underwriter with excellent analytical skills to join our team. You will review application information, assess risk factors, and work in tandem with agents to create customized insurance solutions. Your insight will be crucial in determining appropriate coverage levels and terms, and upholding our reputation for reliability and integrity in insurance.

Responsibilities

  • Collaborate with actuarial teams to set appropriate premium rates.
  • Review claims to identify patterns and improve underwriting practices.
  • Stay updated on regulatory changes affecting the insurance industry.
  • Build strong relationships with agents and clients for improved service delivery.
  • Prepare reports and presentations on underwriting performance metrics.

Requirements

Education
  • Bachelor's degree in Business or Insurance
  • Master's degree in Risk Management is preferred
Experience
  • 5+ years of experience in insurance underwriting
Technical Skills
  • Policy Development
  • Financial Modeling
Soft Skills
  • Negotiation Skills
  • Teamwork
Certifications
  • Fellow of the Chartered Insurance Institute (FCII)
  • Risk Management Certification is preferred
Languages
  • English: Fluent

Advantageous

  • Experience in claims management: Experience handling insurance claims will be advantageous.
  • Understanding of actuarial concepts: Knowledge in risk management and actuarial techniques.

Benefits

  • Attractive remuneration and bonuses
  • Comprehensive health and wellness programs
  • Flexible working arrangements
  • Support for continuous learning and development

Company Culture

  • Innovation: We embrace technology to innovate our insurance products and services.
  • Teamwork: Team collaboration is at the heart of our processes.
  • Continuous Improvement: We are dedicated to continuous enhancement of our processes and services.
Status: Open