Insurance Underwriter

Job Description

We are seeking an experienced Insurance Underwriter to assess risks and determine policy coverage for clients in Durban. This role involves reviewing insurance applications, analyzing risks, and making informed decisions on coverage and premiums.

Responsibilities

• Analyze statistical data and historical loss records to predict future risks.
• Negotiate terms and conditions of coverage with clients when needed.
• Assist in resolving client issues and inquiries related to underwriting.
• Engage in continuous professional development and training.
• Prepare regular reports on underwriting metrics and performance.
• Foster relationships with insurance brokers and agents to enhance business opportunities.

Requirements

Education

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

Experience

• 5+ years of experience in insurance underwriting or related field

Technical Skills

• Data Analysis
• Insurance Regulations

Soft Skills

• Attention to Detail
• Negotiation Skills

Certifications

• Chartered Insurance Institute (CII)
• Diploma in Insurance

Languages

• English: Fluent

Advantageous

• Experience with commercial insurance: Knowledge of the nuances involved in underwriting commercial insurance policies.
• Familiarity with online underwriting platforms: Understanding of digital tools and platforms for remote underwriting.

Benefits

• Comprehensive health and wellness benefits
• Bonus scheme linked to performance
• Generous leave policies including annual and sick leave
• Opportunities for professional development

Company Culture

• Inclusivity: We value diversity and inclusiveness as essential elements of our success.
• Employee Empowerment: Our culture encourages employees to take initiative and make decisions.
• Client Focused: We prioritize the needs of our clients and strive to exceed their expectations.