Insurance Underwriter

Job Description

We are seeking a detail-oriented Insurance Underwriter based in Durban to evaluate insurance applications and assess risk. The ideal candidate will possess strong analytical skills and a good understanding of the insurance market.

Responsibilities

• Review and underwrite insurance policies based on risk assessments.
• Work with brokers and agents to ensure accurate communication of underwriting guidelines.
• Adjust policy terms based on thorough market analysis.
• Conduct research on industry trends and compliance issues.
• Develop and implement underwriting procedures and best practices.
• Assist in client meetings to clarify policy details and coverage options.
• Ensure effective documentation of underwriting decisions and processes.
• Contribute to team discussions on improving underwriting efficiency.

Requirements

Education

• Bachelor's degree in Finance, Risk Management, or a related field
• Professional Insurance Designations are preferred

Experience

• 4+ years of experience in underwriting or insurance risk management

Technical Skills

• Data Analysis
• Policy Evaluation

Soft Skills

• Client Relationship Management
• Negotiation Skills

Certifications

• Certified Insurance Counselor (CIC)
• Professional Risk Manager (PRM)

Languages

• English: Fluent

Advantageous

• Strong network within the insurance industry: Contacts within the insurance market to facilitate better underwriting practices.
• Experience with statistical software: Proficiency in statistical analysis for better risk assessment.

Benefits

• Comprehensive health insurance coverage
• Generous leave policies
• Professional development opportunities
• Annual performance bonuses
• Work-life balance initiatives

Company Culture

• Continuous Improvement: We value feedback and are committed to continuous improvement.
• Inclusivity: Our workplace embraces diversity and inclusivity.
• Growth Mindset: We support personal and professional growth for all employees.