Insurance Underwriter

Job Description

As a dynamic Insurance Underwriter, you will evaluate risks and determine appropriate coverage. This role is crucial for supporting our clients and ensuring their peace of mind through tailored insurance solutions.

Responsibilities

• Conduct thorough risk assessments for new and renewal policies.
• Communicate directly with clients to collect additional information when necessary.
• Review and approve coverage amounts based on calculated risk exposure.
• Work closely with the actuarial team to understand pricing models.
• Establish underwriting guidelines and risk acceptance criteria.
• Attend industry seminars and training sessions to improve underwriting practices.
• Create and maintain effective partnerships with brokers to enhance business development.
• Assist in developing new insurance products based on market demands.
• Document all interactions and decisions within the underwriting management system.
• Contribute to team meetings with insightful analysis and recommendations.

Requirements

Education

• Bachelor's degree in Actuarial Science or related field
• Postgraduate qualifications would be advantageous

Experience

• 5+ years of experience in insurance underwriting

Technical Skills

• Financial analysis
• Regulatory knowledge

Soft Skills

• Negotiation skills
• Problem-solving

Certifications

• Fellowship in the Insurance Institute

Languages

• English: Fluent

Advantageous

• Risk management certification: Certification in risk management would be an added advantage.
• Project management experience: Experience in project management related to underwriting processes.

Benefits

• Comprehensive medical aid coverage
• Generous leave policies including family responsibility leave
• Flexible working arrangements
• Performance bonuses

Company Culture

• Professional Development: We invest in our employees' growth through continuous learning and development opportunities.
• Community Engagement: We are actively involved in our local communities and support various initiatives.
• Work-Life Balance: We prioritize work-life balance to ensure our employees can thrive both professionally and personally.