Insurance Underwriter

Job Description

Join us as an Insurance Underwriter where you will assess risks and determine policy insurability. This role requires strong analytical skills and the ability to communicate findings effectively. You’ll work closely with clients and agents to provide tailored solutions that meet their insurance needs.

Responsibilities

• Assess risk factors associated with insurance applications to provide accurate underwriting decisions.
• Utilize statistical data and actuarial principles to inform policy decisions.
• Guide clients on coverage options and risk management strategies.
• Document underwriting decisions and provide rationale for approvals or denials.
• Work collaboratively with other departments to enhance service delivery and efficiency.
• Attend relevant industry seminars and workshops to enhance knowledge of market strategies.
• Utilize underwriting software and tools to streamline evaluation processes.

Requirements

Education

• Bachelor's degree in Finance, Business Administration, or related field
• Professional certifications (e.g., Chartered Insurance Underwriter) preferred

Experience

• 3+ years of experience in underwriting or related fields

Technical Skills

• Risk Assessment
• Data Analysis

Soft Skills

• Communication
• Detail-oriented

Certifications

• Chartered Insurance Underwriter (CIU)

Languages

• English: Fluent

Advantageous

• Experience with actuarial analysis: Knowledge of actuarial science and its application in determining policy risks.
• Familiarity with insurance regulations: Understanding of the legal framework surrounding the insurance industry.

Benefits

• Competitive salary with annual performance bonuses
• Health and wellness benefits including medical aid
• Retirement savings plan with company contributions
• Opportunities for professional development and training

Company Culture

• Collaboration: Our team values collaboration and open communication to foster innovative solutions.
• Integrity: We operate with integrity in all our business dealings, prioritising ethical decisions.
• Inclusivity: We strive to create an inclusive work environment where everyone feels valued.