Insurance Underwriter

Job Description

As an Insurance Underwriter based in Port Elizabeth, you will evaluate applications for insurance coverage, perform risk assessments, and make decisions regarding policy approval and pricing to protect both the company and our clients.

Responsibilities

• Review and approve or deny insurance applications based on risk analysis.
• Facilitate communication between clients and brokers.
• Monitor insurance claims to assess risk exposure.
• Develop and implement underwriting strategies.
• Collaborate with the sales team to streamline the underwriting process.
• Enhance underwriting practices to improve accuracy and efficiency.
• Stay updated on changes in legislation affecting insurance practices.
• Educate clients about the terms of coverage and policies.
• Conduct underwriting audits to ensure accuracy in assessments.

Requirements

Education

• Bachelor’s degree in Risk Management or equivalent
• Postgraduate qualifications are an advantage

Experience

• 5+ years of experience in insurance underwriting

Technical Skills

• Policy Analysis
• Data Interpretation

Soft Skills

• Critical Thinking
• Negotiation Skills

Certifications

• Chartered Insurance Institute (CII) certification
• The National Association of Insurance Commissioners (NAIC) licensing

Languages

• English: Fluent

Advantageous

• Experience in specialty lines of insurance: Knowledge of niche markets and their specific underwriting requirements.
• Advanced Excel skills for data analysis: Proficient in using advanced functions for data report generation.

Benefits

• Attractive salary with performance bonuses
• Comprehensive health coverage including dental and optical
• Retirement fund with employer contribution
• Ongoing training and career advancement opportunities
• Work-life balance initiatives

Company Culture

• Positive work atmosphere: We strive to create a welcoming and supportive climate for all employees.
• Professional development focus: We support continuous learning and career growth opportunities.
• Focus on client service: Our team is dedicated to providing exceptional service to our clients.