Insurance Underwriter

Job Description

As an Insurance Underwriter, you will assess insurance applications, evaluate risks, and determine policy terms. This role is crucial in ensuring that our clients receive adequate coverage and that the company maintains profitability. You will collaborate with agents and clients, providing them with crucial feedback and service on their insurance needs. Strong analytical skills and an understanding of the insurance industry are essential to thrive in this role.

Responsibilities

• Assess and evaluate insurance applications based on risk factors.
• Determine appropriate coverage and premium rates for clients.
• Communicate effectively with agents regarding underwriting decisions.
• Analyze and interpret insurance data to identify trends.
• Collaborate with other departments to resolve complex underwriting issues.
• Maintain accurate records of underwriting actions and communication.
• Stay updated on industry legislation and market trends.
• Develop and implement underwriting policies and procedures.

Requirements

Education

• Bachelor's degree in Risk Management or related field

Experience

• Minimum of 5 years of experience in insurance underwriting

Technical Skills

• Underwriting Principles
• Data Analysis

Soft Skills

• Negotiation
• Customer Service

Certifications

• Fellow of the Insurance Institute of South Africa (FIISA)
• Certified Insurance Counselor (CIC)

Languages

• English: Fluent

Advantageous

• Knowledge of regulatory requirements: Understanding of compliance issues in the insurance sector.
• Bilingual skills: Ability to communicate in additional languages is a plus.

Benefits

• Competitive salary with performance bonuses
• Medical aid and wellness programs
• Pension contribution
• Opportunities for career development

Company Culture

• Teamwork: We value collaboration and teamwork, encouraging our team members to work together towards common goals.
• Professional Development: We promote continuous learning and professional growth among our staff through workshops and training.
• Inclusive Workplace: Diversity and inclusion are at the heart of our workplace culture.