Senior Property Underwriter

Confidential; Dubai; On-site; AED 180,000 - 290,000; Full time

Job summary

Confidential is seeking a Property Underwriter in the UAE to evaluate and underwrite property insurance risks for commercial and personal lines. The role involves reviewing applications, analyzing occupancy, construction, protection systems, and catastrophe exposure to determine coverage and premiums.

You will work under delegated authority, maintain broker and client relationships, prepare underwriting reports, and ensure compliance with regulatory standards.

Qualifications

• Bachelor's degree in Insurance, Risk Management or related field.
• 3–8 years of property underwriting or UAE-based commercial underwriting.
• Strong analytical and risk assessment skills.
• Excellent English and Arabic communication skills.

Responsibilities

• Review and evaluate property insurance applications, submissions, and related documentation.
• Assess property risks by analyzing occupancy, construction, protection systems, location, and exposure to catastrophes.
• Determine coverage terms, policy conditions, exclusions, and premium rates based on risk characteristics.
• Make underwriting decisions within delegated authority and refer complex cases to senior management when required.
• Build and maintain relationships with brokers, agents, and clients.
• Negotiate coverage terms, conditions, and pricing.
• Provide underwriting support and guidance on property insurance products.
• Assist in developing business opportunities and retaining key accounts.
• Review risk inspection reports and recommend loss prevention measures.
• Collaborate with risk engineers and surveyors to improve risk quality.
• Evaluate catastrophe exposures and accumulation risks.
• Ensure underwriting activities comply with internal policies, regulatory requirements, and industry standards.
• Maintain accurate underwriting documentation and records.
• Prepare underwriting reports and portfolio performance analyses.

Skills

Analytical and risk assessment

Negotiation and relationship mgmt

Knowledge of property products

English & Arabic communication

Education

Bachelor's degree in Insurance/Risk Management/related field

Professional qualifications (CPCU/ACII/AU) preferred

Job description

The Property Underwriter is responsible for evaluating, analyzing, and underwriting property insurance risks for commercial and/or personal lines of business. The role involves assessing risk exposures, determining appropriate coverage, pricing policies, ensuring profitability, and maintaining compliance with company underwriting guidelines and regulatory requirements.

• Review and evaluate property insurance applications, submissions, and related documentation.
• Assess property risks by analyzing factors such as occupancy, construction, protection systems, location, and exposure to natural catastrophes.
• Determine coverage terms, policy conditions, exclusions, and premium rates based on risk characteristics.
• Make underwriting decisions within delegated authority and refer complex cases to senior management when required.
• Build and maintain strong relationships with insurance brokers, agents, and clients.
• Negotiate coverage terms, conditions, and pricing.
• Provide underwriting support and guidance on property insurance products.
• Assist in developing business opportunities and retaining key accounts.
• Review risk inspection reports and recommend loss prevention measures.
• Collaborate with risk engineers and surveyors to improve risk quality.
• Evaluate catastrophe exposures and accumulation risks.
• Ensure underwriting activities comply with internal policies, regulatory requirements, and industry standards.
• Maintain accurate underwriting documentation and records.
• Prepare underwriting reports and portfolio performance analyses.

Required Qualifications & Experience

• Bachelor's degree in Insurance, Risk Management, Business Administration, Finance, or a related field.
• Professional insurance qualifications (e.g., CPCU, ACII, AU, or equivalent) preferred.
• 3–8 years of experience in property underwriting or commercial insurance underwriting working in the UAE.
• Knowledge of regional insurance markets and regulatory requirements.
• Strong analytical and risk assessment skills.
• Knowledge of property insurance products and underwriting principles.
• Negotiation and relationship management skills.
• Excellent English & Arabic communication skills, both written and verbal.