Insurance Underwriter

Placements24; United States; Hybrid; USD 90,000 - 120,000; Full time

Benefits offered by this job

Hybrid work model

Health, dental, and life insurance

Career development opportunities

Competitive compensation

Collaborative work environment

Job summary

Placements24 is seeking an Insurance Underwriter to join a hybrid team in a role focused on risk assessment and coverage determination for potential policyholders. You will balance profitability with market competitiveness while collaborating with agents and brokers.

You will evaluate applications, analyze data, and stay updated on industry trends to inform underwriting decisions and contribute to a sound portfolio.

Qualifications

• Proven experience as an Insurance Underwriter or in a similar risk assessment role.
• Strong understanding of underwriting principles, risk management, and insurance products.
• Excellent analytical and decision-making abilities.
• Proficiency with underwriting software and data analysis tools.
• Effective communication and interpersonal skills for client and stakeholder interactions.
• Relevant professional certifications in underwriting are a significant plus.

Responsibilities

• Analyze applications for insurance, evaluating risks and determining eligibility for coverage.
• Calculate premiums and establish terms and conditions for insurance policies.
• Review and interpret financial statements, inspection reports, and other relevant documentation.
• Communicate underwriting decisions and rationale to insurance agents, brokers, and policyholders.
• Stay updated on industry trends, regulatory changes, and competitor activities.
• Collaborate with the claims and actuarial departments to provide insights on risk assessment.

Skills

Analytical thinking

Underwriting principles

Data analysis tools

Communication skills

Certifications in underwriting

Education

Underwriting certifications

Tools

Underwriting software

Job description

About the Role

Our client is seeking a meticulous and analytical Insurance Underwriter to join their team in George . This hybrid role requires a professional who can expertly assess risk and determine appropriate coverage for potential policyholders. You will play a critical role in the underwriting process, balancing profitability with market competitiveness. Working closely with agents and brokers, you will evaluate applications, analyze data, and make informed decisions to ensure the company's portfolio remains sound and profitable, contributing to the overall success of the insurance operations in the Western Cape.

Key Responsibilities

• Analyze applications for insurance, evaluating risks and determining eligibility for coverage.
• Calculate premiums and establish terms and conditions for insurance policies.
• Review and interpret financial statements, inspection reports, and other relevant documentation.
• Communicate underwriting decisions and rationale to insurance agents, brokers, and policyholders.
• Stay updated on industry trends, regulatory changes, and competitor activities.
• Collaborate with the claims and actuarial departments to provide insights on risk assessment.

Requirements

• Proven experience as an Insurance Underwriter or in a similar risk assessment role.
• Strong understanding of underwriting principles, risk management, and insurance products.
• Excellent analytical and decision-making abilities.
• Proficiency with underwriting software and data analysis tools.
• Effective communication and interpersonal skills for client and stakeholder interactions.
• Relevant professional certifications in underwriting are a significant plus.

Benefits

• Competitive salary commensurate with experience.
• Hybrid work model offering flexibility between office and remote work.
• Comprehensive health, dental, and life insurance coverage.
• Opportunities for professional development and career advancement.
• A supportive work environment that encourages collaboration and innovation.