Insurance Underwriter

Job Description

Join our growing company as an Insurance Underwriter in Durban. You will be responsible for assessing risk, advising clients on policy matters, and delivering excellent service. This position requires strong communication skills and a thorough understanding of the insurance landscape.

Responsibilities

• Assess insurance applications and evaluate risk factors.
• Determine correct premium rates and coverage levels.
• Gather information from clients and partners to support underwriting decisions.
• Analyze market trends to adjust underwriting strategies.
• Communicate underwriting guidelines to clients and brokers effectively.
• Conduct regular reviews of existing policies and renewals.
• Maintain all underwriting documentation and files.
• Collaborate with cross-functional teams to enhance service delivery.
• Assist in identifying opportunities for new insurance products.
• Keep abreast of changes in insurance laws and regulations.

Requirements

Education

• Bachelor's degree in Finance, Business, or related field
• Professional underwriting certification is advantageous

Experience

• 3+ years of underwriting experience in the insurance industry

Technical Skills

• Risk Assessment
• Analytical Skills
• Excel

Soft Skills

• Communication
• Attention to Detail

Certifications

• Chartered Property Casualty Underwriter (CPCU)
• Fellow of the Institute of Risk Management (FIRM)

Languages

• English: Fluent

Advantageous

• Experience with underwriting software tools: Familiarity with tools like GuidingStar or RiskPredict.
• Knowledge of regulatory compliance in insurance: Understanding of local insurance regulatory frameworks.

Benefits

• Competitive salary and performance bonuses
• Comprehensive health insurance
• Retirement savings plans
• Paid time off and holidays

Company Culture

• Teamwork: We promote a strong team environment emphasizing collaboration and mutual support.
• Innovation: Encouraging innovative thinking in all aspects of our operations.
• Customer Focus: We are dedicated to providing tailored solutions to meet client needs.