Medical Malpractice Underwriter

Placements24; Queenstown (MD); On-site; USD 36,000 - 54,000; Full time

Benefits offered by this job

Competitive salary package

Medical aid

Retirement fund benefits

Specialized training & development

Supportive team environment

Generous annual leave

Performance-based incentives

Career growth in niche insurance

Employee wellness programs

Exposure to healthcare risks

Job summary

Placements24 is seeking an experienced Medical Malpractice Underwriter to join our client’s team in Queenstown, Eastern Cape. The role focuses on evaluating healthcare risks, underwriting policies, and pricing with accuracy and integrity.

The ideal candidate will have 5+ years of underwriting, including 3 years in medical malpractice, and strong knowledge of healthcare procedures and liability exposure. Excellent negotiation and communication skills are essential.

Qualifications

• Minimum of 5 years of underwriting experience, 3 in medical malpractice or professional indemnity.
• Strong knowledge of healthcare industry, terminology and malpractice exposures.
• Analytical mindset with solid risk assessment and decision making.
• Proficiency in underwriting software and MS Office Suite.
• Excellent negotiation and communication skills; able to explain complex decisions.
• Degree in Business/Finance/Law advantageous; ACII is a plus.

Responsibilities

• Evaluate and underwrite new and renewal medical malpractice insurance applications.
• Assess risk profiles of healthcare professionals, facilities and related entities.
• Determine coverage levels, terms, conditions and premiums.
• Maintain understanding of medical procedures, standards of care and liabilities.
• Build relationships with brokers, agents and clients; collaborate with claims and legal.
• Monitor industry trends, regulatory changes, and ensure compliance with guidelines.

Skills

Underwriting

Risk assessment

Healthcare knowledge

Negotiation

Communication skills

ACII (advantage)

Education

Business degree

Finance degree

Law degree

ACII qualification

Tools

Underwriting software

MS Office

Job description

About the Role

Our client, a specialized insurer known for its expertise in professional indemnity, is seeking an experienced Medical Malpractice Underwriter to join their dedicated team in Queenstown, Eastern Cape . This role is critical in assessing and managing the risks associated with healthcare professionals and institutions. The ideal candidate will possess a strong understanding of medical terminology, healthcare practices, and the specific risks inherent in medical liability. You will be responsible for evaluating applications, determining appropriate coverage terms and pricing, and building strong relationships with brokers and clients. This is an exceptional opportunity to specialize within a niche and vital area of the insurance market, contributing to the financial health of both our client and the healthcare providers they protect. We are looking for a highly analytical and discerning professional who can make sound underwriting decisions in a complex field.

Key Responsibilities

• Evaluate and underwrite new and renewal medical malpractice insurance applications.
• Assess the risk profile of healthcare professionals, facilities, and related entities.
• Determine appropriate coverage levels, terms, conditions, and premiums.
• Maintain a thorough understanding of medical procedures, standards of care, and potential liabilities.
• Develop and maintain strong relationships with brokers, agents, and clients.
• Collaborate with claims and legal departments on complex case reviews.
• Monitor industry trends, legal precedents, and regulatory changes affecting medical malpractice insurance.
• Ensure all underwriting activities comply with company guidelines and regulatory requirements.
• Contribute to the development of underwriting guidelines and strategies.
• Provide expertise and support to other departments regarding medical malpractice risks.

Requirements

• Minimum of 5 years of underwriting experience, with at least 3 years focused specifically on medical malpractice or professional indemnity insurance.
• Strong knowledge of the healthcare industry, medical terminology, and common malpractice exposures.
• Excellent analytical, risk assessment, and decision-making skills.
• Proficiency in underwriting software and MS Office Suite.
• Strong negotiation and communication skills, with the ability to explain complex underwriting decisions.
• A relevant degree in Business, Finance, Law, or a related field is advantageous.
• Understanding of insurance principles and relevant South African legislation.
• Ability to manage a demanding workload and meet deadlines effectively.
• Detail-oriented with a high degree of accuracy.
• Professional qualifications such as ACII or equivalent are a plus.

Benefits

• Competitive salary package tailored to experience and expertise.
• Comprehensive medical aid and retirement fund benefits.
• Opportunities for specialized training and professional development in medical underwriting.
• A supportive and expert team environment in Queenstown .
• Contribution to a crucial sector of the insurance market.
• Generous annual leave entitlement.
• Performance-based incentives.
• Career growth opportunities within a niche insurance specialization.
• Employee wellness programs.
• Exposure to a broad range of healthcare risks.