Senior Insurance Underwriter - Personal Lines

Placements24; Southampton; On-site; GBP 27,000 - 41,000; Full time

Benefits offered by this job

Medical aid

Retirement fund

Professional development

Performance bonuses

Job summary

Placements24 seeks an experienced Senior Insurance Underwriter for a Randburg-based role. You will assess personal lines risks, determine policy terms and pricing, and ensure profitability of your portfolio.

You will mentor junior staff and collaborate with claims, sales, and actuarial teams to align risk strategies. The ideal candidate has at least 6 years in personal lines underwriting, strong analytical and communication skills, and relevant professional qualifications (e.g., CIP or degree).

Qualifications

• Minimum 6 years of experience in personal lines underwriting.
• Knowledge of personal insurance products (home, contents, vehicle, personal accident).
• Familiarity with FAIS regulatory framework is advantageous.
• Strong analytical and decision-making skills; ability to manage a portfolio.

Responsibilities

• Evaluate and underwrite personal lines applications, including risk assessment and pricing.
• Develop and maintain profitable broker/agent relationships.
• Apply underwriting guidelines and authority limits consistently.
• Collaborate with claims, sales and actuarial teams to align risk strategies.

Skills

Analytical skills

Decision-making

Risk assessment

Communication

Negotiation

Independently work

Education

CIP qualification

Degree

Tools

Underwriting software systems

Microsoft Office

Job description

About the Role

Our client seeks an experienced and astute Senior Insurance Underwriter to join their esteemed team in Randburg, Gauteng . This role is central to assessing and managing risks for personal lines insurance products, including household and personal accident policies. You will leverage your deep industry knowledge and analytical skills to evaluate applications, set appropriate premiums, and ensure the profitability of your book of business. The position requires a thorough understanding of underwriting principles, risk assessment, and regulatory compliance. Join a reputable organization in the heart of Randburg and contribute to shaping their success in the personal insurance market.

Key Responsibilities

• Evaluate and underwrite personal lines insurance applications, including assessing risks and determining policy terms and pricing.
• Develop and maintain profitable relationships with brokers and agents.
• Apply underwriting guidelines and authority limits consistently and accurately.
• Analyze policy details, claimant histories, and external data to make informed underwriting decisions.
• Identify potential risks and recommend appropriate risk mitigation strategies or policy adjustments.
• Monitor the performance of the underwriting portfolio and identify areas for improvement.
• Collaborate with claims, sales, and actuarial teams to ensure cohesive risk management strategies.
• Stay informed about market trends, product developments, and competitor offerings.
• Provide guidance and mentorship to junior underwriting staff.

Requirements

• A minimum of 6 years of experience in personal lines insurance underwriting.
• Comprehensive knowledge of personal insurance products (e.g., home, contents, vehicle, personal accident).
• Strong analytical, decision-making, and risk assessment skills.
• Excellent communication and negotiation abilities.
• Proficiency in underwriting software systems and Microsoft Office Suite.
• Relevant professional qualifications (e.g., CIP, degree) are highly desirable.
• Ability to work independently, manage a portfolio, and meet deadlines.
• Understanding of relevant regulatory frameworks (e.g., FAIS).
• Must be based in or willing to relocate to the Randburg area.

Benefits

• A competitive annual salary of ZAR , reflecting expertise and experience.
• Comprehensive medical aid and retirement fund benefits.
• Opportunities for professional development and continuing education.
• A stable and professional working environment.
• Access to advanced underwriting tools and resources.
• Potential for annual performance bonuses.