Insurance Underwriter

Job Description

As an Insurance Underwriter at Insurance Solutions Ltd., you will be at the forefront of evaluating risks for our diverse clientele. This role offers the opportunity to shape insurance packages that meet our client's needs while ensuring profitability for the company.

Responsibilities

• Review and underwrite insurance policies, recommending changes as needed.
• Work closely with the sales team to support business growth.
• Conduct risk assessments and develop tailored insurance solutions.
• Maintain up-to-date knowledge of existing policies and coverage options.
• Monitor claims made by policyholders for fraud and inaccuracies.
• Engage regularly with clients to discuss their insurance needs.
• Generate reports on underwriting performance metrics.
• Adapt underwriting policies based on updated industry standards.
• Participate in collaboration sessions for product development.
• Attend training workshops for professional growth.

Requirements

Education

• Bachelor’s degree in Insurance, Finance, or a related field
• Postgraduate qualifications in insurance are preferred

Experience

• 4+ years of relevant underwriting experience

Technical Skills

• Underwriting Software Proficiency
• Data Analysis

Soft Skills

• Negotiation Skills
• Customer Service Orientation

Certifications

• Fellowship in Insurance (CII)

Languages

• English: Fluent
• isiXhosa: Basic

Advantageous

• Experience with Financial Modelling: Ability to perform financial modelling to support underwriting decisions.
• Familiarity with Compliance Standards: Understanding compliance frameworks and their implications on underwriting.

Benefits

• Comprehensive insurance benefits
• Generous leave entitlements
• Professional growth opportunities and access to training
• Supportive company culture fostering teamwork and collaboration

Company Culture

• Inclusivity: Diversity is valued, and we encourage a range of perspectives and experiences.
• Client Focus: We prioritize our clients and strive to meet their insurance needs effectively.
• Innovation: We encourage innovative thinking and the development of new insurance solutions.