Automotive Underwriter

Placements24; Noord-Kaap; On-site; ZAR 360,000 - 540,000; Full time

Benefits offered by this job

Competitive salary

Health and retirement benefits

Professional development opportunities

Stable work environment in Kimberley

Job summary

Placements24 is seeking a detail-oriented Automotive Underwriter to join our client’s insurance team in Kimberley. You will evaluate risks, determine premiums, and make underwriting decisions on vehicle policies, balancing risk with competitive pricing.

The role requires strong analytical abilities, knowledge of underwriting standards, and clear communication with brokers and clients. You will work with claims and actuarial teams to improve policy performance and stay ahead of regulatory changes.

Qualifications

• Proven experience in insurance underwriting, preferably automotive or P&C.
• Strong analytical and quantitative skills to interpret data and financial information.
• Excellent decision-making capabilities and sound judgment.
• Thorough understanding of insurance principles, risk management and underwriting best practices.
• Proficiency in using underwriting software and relevant databases.
• Strong communication and interpersonal skills with stakeholders.

Responsibilities

• Review and analyze applications for automotive insurance policies, assessing risks based on driver history, vehicle type, usage and location.
• Determine premiums and coverage terms for new and renewal policies per guidelines and pricing structures.
• Identify and mitigate potential risks by requesting information or recommending policy modifications.
• Communicate underwriting decisions clearly to brokers, agents, and clients.
• Stay updated on industry trends, market conditions and regulatory changes affecting automotive insurance.
• Collaborate with claims and actuarial departments to provide insights into risk profiles and policy performance.

Skills

Underwriting experience

Analytical skills

Decision-making

Insurance principles

Underwriting software

Communication skills

Tools

Underwriting software

Job description

About the Role

Our client is seeking a detail-oriented and analytical Automotive Underwriter to join their insurance team in Kimberley . This role involves evaluating and assessing the risks associated with insuring vehicles, determining appropriate premium rates, and making informed decisions on policy applications. You will play a key role in balancing the company's risk appetite with the need to attract and retain customers in the competitive automotive insurance market. If you possess strong analytical skills, a keen understanding of risk assessment, and excellent decision-making abilities, this is an excellent opportunity to contribute to the financial health of the organization.

Key Responsibilities

• Review and analyze applications for automotive insurance policies, assessing risks based on various factors including driver history, vehicle type, usage, and geographic location.
• Determine the appropriate premium rates and coverage terms for new and renewal policies in accordance with underwriting guidelines and company pricing structures.
• Identify and mitigate potential risks by requesting additional information or recommending policy modifications.
• Communicate underwriting decisions clearly and professionally to brokers, agents, and sometimes directly to clients.
• Stay updated on industry trends, market conditions, and regulatory changes affecting automotive insurance.
• Collaborate with claims and actuarial departments to provide insights into risk profiles and policy performance.

Requirements

• Proven experience in insurance underwriting, preferably with a focus on automotive or property and casualty lines.
• Strong analytical and quantitative skills, with the ability to interpret complex data and financial information.
• Excellent decision-making capabilities and sound judgment.
• Thorough understanding of insurance principles, risk management, and underwriting best practices.
• Proficiency in using underwriting software and relevant insurance databases.
• Strong communication and interpersonal skills to effectively interact with various stakeholders.

Benefits

• Competitive annual salary and potential for performance-based bonuses.
• Comprehensive health and retirement benefits package.
• Opportunities for professional development, including underwriting certifications.
• A stable and professional work environment in Kimberley .
• Exposure to diverse aspects of the insurance industry.