Insurance Underwriter

Job Description

We are seeking a skilled Insurance Underwriter to join our Durban team. In this role, you will be responsible for evaluating insurance applications, determining coverage terms, and calculating premiums. The ideal candidate will have a thorough understanding of risk assessment and an analytical mindset.

Responsibilities

• Evaluate insurance applications to determine risk levels and eligibility.
• Calculate premiums based on assessments and underwriting guidelines.
• Negotiate terms with applicants and communicate decisions effectively.
• Provide exceptional customer service through ongoing client communication.
• Stay updated on industry legislation and best practices.
• Compile and maintain comprehensive records of underwriting reports.
• Collaborate with sales teams to create customized insurance solutions.

Requirements

Education

• Bachelor's degree in Insurance, Business, or related discipline

Experience

• 5+ years in underwriting or risk management roles

Technical Skills

• Policy Analysis
• Pricing Strategy

Soft Skills

• Critical Thinking
• Teamwork

Certifications

• CII Level 4 Certificate in Insurance

Languages

• English: Fluent
• Zulu: Basic

Advantageous

• Experience with underwriting software: Familiarity with industry-standard software for risk assessment and pricing.
• Knowledge of current insurance laws: Awareness of compliance and regulations within the insurance industry.

Benefits

• Health insurance coverage
• Retirement plan with employer contribution
• Flexible working conditions
• Professional development opportunities

Company Culture

• Team Work: We emphasize collaboration to achieve common goals, promoting a supportive workplace environment.
• Continuous Growth: Encouraging learning and development to enhance individual capabilities and career paths.
• Integrity: We maintain a strong ethical foundation in all our business dealings.