Insurance Underwriter

Job Description

As an Insurance Underwriter at Insurance Solutions Ltd., you will assess and evaluate risks for insurance applications, ensuring compliance with our underwriting guidelines. Your analytical skills will play a crucial role in determining policy terms and premiums, aiming for both profitability and client satisfaction.

Responsibilities

• Analyze data regarding risks associated with applicants.
• Recommend adjustments to underwriting policies based on trends.
• Work with insurance agents to provide support and advice.
• Implement corrective measures for insuring high-risk clients.
• Evaluate new insurance products for potential offering.
• Collaborate in team meetings to improve underwriting processes.
• Document underwriting decisions and maintain accurate records.
• Assist in training junior underwriters in best practices.
• Engage in continuous learning to stay updated on insurance policies.
• Provide solutions to underwriting-related queries from clients.

Requirements

Education

• Bachelor's degree in Insurance, Risk Management, or related field
• Master's degree is a plus

Experience

• 5+ years of experience in an insurance underwriting role

Technical Skills

• Insurance Regulation Knowledge
• Financial Acumen

Soft Skills

• Negotiation
• Problem Solving

Certifications

• Fellow of the Institute of Risk Management (FIRM)
• Associate in Commercial Underwriting (AU)

Languages

• English: Fluent

Advantageous

• Experience in corporate risk management: Experience working in environments that require careful analysis of corporate risk.
• Familiarity with statistical analysis tools: Ability to use statistical tools for evaluating risks and trends.

Benefits

• Competitive salary with performance bonuses
• Health and dental insurance
• Retirement savings plan
• Paid time off and holidays

Company Culture

• Integrity: We pride ourselves on fostering a workplace grounded in honesty and ethics.
• Team Spirit: We're a team-oriented company focused on both personal and professional growth.
• Innovation: We encourage creativity and innovative thinking to improve our services.