Insurance Underwriter

Job Description

Join our team as an Insurance Underwriter, where you will be pivotal in evaluating risk and determining insurance policy terms. Your critical assessment skills will assist in crafting tailored insurance solutions while managing risks effectively.

Responsibilities

• Evaluate insurance applications and assess risks to determine policy eligibility.
• Analyze data and underwriting reports to make informed decisions.
• Collaborate with agents and clients to clarify terms and conditions of coverage.
• Develop and maintain underwriting guidelines to ensure consistency in decision-making.
• Review and modify existing policies to account for any changes in risk.
• Stay updated on industry trends and changes in regulations impacting underwriting practices.
• Work closely with claims adjusters to evaluate claims that may affect underwriting decisions.
• Prepare reports and documentation for internal and external stakeholders.

Requirements

Education

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

Experience

• 3-5 years of experience in underwriting or related fields

Technical Skills

• Risk Assessment
• Analytical Skills

Soft Skills

• Communication
• Attention to Detail

Certifications

• Chartered Insurance Professional (CIP)
• Fellow, Chartered Insurance Institute (FCII)

Languages

• English: Fluent

Advantageous

• Experience with data analysis software: Familiarity with tools like Excel, R, or SQL for analyzing data effectively.
• Knowledge of regulatory compliance: Understanding of the laws and regulations governing the insurance industry.

Benefits

• Market-related salary package
• Medical aid benefits
• Retirement savings plan with company contribution
• Professional development and training opportunities

Company Culture

• Teamwork: We believe in working collaboratively to achieve excellence in all we do.
• Integrity: Upholding strong ethical standards is central to our approach in the insurance industry.
• Innovation: We encourage creative solutions to address the challenges of today’s insurance landscape.