Insurance Underwriter

Job Description

We are seeking an Insurance Underwriter to join our Durban team. In this role, you will assess risk, evaluate insurance applications, and make decisions on coverage terms. Your expertise will help us ensure that we provide tailor-made solutions to our policyholders while maintaining the company’s profitability and compliance standards.

Responsibilities

• Review applications for completeness and accuracy.
• Assess potential risks and determine coverage provisions.
• Educate clients on policy terms and conditions.
• Monitor ongoing risks and adjust policies as necessary.
• Provide feedback for process improvements.
• Document underwriting decisions and rationale.

Requirements

Education

• Degree in Actuarial Science or related field
• Relevant certifications in underwriting recommended

Experience

• 4+ years of experience in the insurance industry, preferably in underwriting

Technical Skills

• Financial Analysis
• Insurance Regulations Knowledge

Soft Skills

• Negotiation Skills
• Problem Solving

Certifications

• Associate in Risk Management (ARM)
• Certified Insurance Counselor (CIC)

Languages

• English: Fluent

Advantageous

• Experience in claims handling: Familiarity with claims processes to aid in risk assessment.
• Knowledge of investment principles: Understanding of investment strategies to assess policy profitability.

Benefits

• Comprehensive health insurance
• Flexible working conditions
• Annual bonuses based on performance
• Support for continuing education and certifications

Company Culture

• Collaboration: Teamwork is at the heart of our operations; we believe in collaboration.
• Professional Development: We invest in our teams through training and development opportunities.
• Work-life Balance: We prioritize a healthy work-life balance for our employees.