Insurance Underwriter

Job Description

Join our growing team at Insurance Solutions Ltd. as an Insurance Underwriter. You will play a crucial role in assessing risks and evaluating insurance applications to deliver high-quality insurance solutions. The ideal candidate has a strong analytical mindset and excellent decision-making skills, enabling them to determine appropriate coverage and pricing.

Responsibilities

• Assess insurance applications and determine coverage requirements.
• Calculate premiums based on risk assessments.
• Review underwriting policies and guidelines to ensure compliance.
• Collaborate with agents to gather necessary information for underwriting.
• Communicate with clients regarding policy recommendations.
• Monitor and manage renewal processes for existing policies.
• Evaluate and analyze claims to assess risk exposure.
• Work with actuarial teams to update pricing models.
• Provide recommendations for improvements in underwriting processes.
• Stay updated on industry trends and regulatory changes.

Requirements

Education

• Bachelor's degree in Risk Management or Insurance
• Certification or diploma in underwriting is desirable

Experience

• 3-5 years experience in insurance underwriting or related role

Technical Skills

• Underwriting Software Proficiency
• Market Research

Soft Skills

• Critical Thinking
• Negotiation

Certifications

• Associate in Risk Management (ARM)
• Insurance Institute of South Africa Certification

Languages

• English: Fluent

Advantageous

• Experience in commercial lines underwriting: Expertise in evaluating risks associated with commercial insurance applications.
• Familiarity with regulatory compliance: Understanding of industry regulations and compliance requirements.

Benefits

• Comprehensive health insurance
• Retirement fund with company contributions
• Paid time off and sick leave
• Flexible work hours

Company Culture

• Team Collaboration: Our culture thrives on collaboration and teamwork, driving innovative thinking and problem-solving.
• Continuous Improvement: We are committed to continuous learning and encouraging our employees to develop their skills.
• Diversity and Inclusion: We respect and celebrate diversity in our team, fostering an inclusive environment for all.