Insurance Underwriter

Job Description

As an Insurance Underwriter, you will be responsible for evaluating insurance applications and determining the level of risk involved in insuring clients. Your expertise will guide decision-making processes, ensuring we maintain profitability while providing the best coverage options for our customers.

Responsibilities

• Perform detailed risk evaluations on insurance policies.
• Compile and analyze underwriting data for reports.
• Ensure policies align with organizational standards.
• Collaborate with claims and risk management teams.
• Provide insights and recommendations for policy amendments.
• Engage in stakeholder meetings to discuss underwriting strategies.
• Conduct risk assessments for complex cases.
• Mentor junior underwriters in best practices.

Requirements

Education

• Bachelor's degree in Economics or Actuarial Science
• Relevant insurance certifications preferred

Experience

• 5+ years of experience in insurance underwriting

Technical Skills

• Statistical Modelling
• Insurance Software Proficiency

Soft Skills

• Negotiation
• Problem-solving

Certifications

• Associate in Commercial Underwriting (AU)
• Fellowship in Life Management Institute (FLMI)

Languages

• English: Fluent

Advantageous

• Experience in claims processing: Understanding of the claims process and its impact on underwriting.
• Knowledge of regulatory requirements: Awareness of legal standards and regulations in the insurance market.

Benefits

• Comprehensive health benefits covering medical, dental, and vision
• Generous vacation and paid time off
• Employee assistance programs for wellness
• Flexible work arrangements

Company Culture

• Focus on Employee Well-being: We prioritize the health and well-being of our employees, offering various support programs.
• Learning and Development: We invest in our employees, providing opportunities for continuous learning and professional development.
• Open Communication: We value transparency and encourage open dialogues at all levels of the organization.