Insurance Underwriter Job in Cape Town

Job Description

As an Insurance Underwriter, you will evaluate insurance applications, assess risks, and establish policy terms. You will work closely with clients and brokers to ensure their needs are met while managing the company's risk exposure.

Responsibilities

• Examine and interpret policy documents to ensure accuracy and compliance.
• Work with cross-functional teams to enhance underwriting processes.
• Drive initiatives to improve client satisfaction and retention through effective underwriting.
• Analyze market trends and competitor products to inform pricing strategies.
• Prepare presentations and reports for management regarding underwriting performance and outcomes.

Requirements

Education

• Bachelor's degree in Insurance, Risk Management, or related field
• Master's degree is an advantage

Experience

• 5+ years of experience in insurance underwriting

Technical Skills

• Underwriting Software Proficiency
• Market Analysis

Soft Skills

• Interpersonal Skills
• Negotiation Skills

Certifications

• Certified Insurance Underwriter (CIU)

Languages

• English: Fluent

Advantageous

• Experience in specialty underwriting.: Familiarity with niche insurance markets, such as cyber or environmental insurance.
• Bilingual in English and Afrikaans.: Ability to communicate in both languages for better client engagement.

Benefits

• Comprehensive health insurance with dental and vision options.
• Pension fund contributions and matching.
• Paid time off and sick leave.
• Opportunities for professional development and training.

Company Culture

• Accountability: We take responsibility for our actions and their outcomes, fostering a culture of accountability.
• Community Engagement: We actively participate in community initiatives and support local causes.
• Employee Recognition: Recognizing and celebrating employee achievements is part of our culture.