Casualty Underwriter

Santam Insurance; Gauteng; On-site; ZAR 600,000 - 900,000; Full time

Job summary

A leading insurance company is seeking a Senior Casualty Underwriter to provide expert underwriting for their Casualty portfolio. This role involves developing guidelines, monitoring claims trends, and ensuring competitiveness in the market. The ideal candidate will have extensive experience in commercial underwriting, particularly in Liability and Fidelity insurance, and possess strong analytical and communication skills.

Qualifications

• Minimum 10 years in the insurance industry, with 5 years in commercial underwriting.
• At least 5 years in Commercial Liability underwriting.

Responsibilities

• Ensure C&P Growth and Profit targets are prioritized.
• Develop underwriting guidelines and rating systems for new products.
• Handle complex referrals and make balanced underwriting decisions.

Skills

Analytical Skills

Communication

Interpersonal Skills

Bilingual (English and Afrikaans)

Education

Bachelor of Commerce Degree

AIISA or comparable short-term insurance qualification

Tools

MS Office

WEBe

Mainframe

Guidewire

Job description

Santam Broker Solutions (SBS), Commercial Underwriting has a position available for a Senior Casualty Underwriter based in Alice Lane Sandton.

Role Overview

To provide specialist underwriting knowledge for the Casualty portfolio, which includes Liability, Accident classes, Cyber, and Fidelity insurance. This position is part of the Head Office Commercial Underwriting department, alongside Motor and Property Portfolios.

Key Responsibilities

1. Ensure C&P Growth and Profit targets are prioritized in decision-making.
2. Monitor claims trends and update guidelines or develop new covers accordingly.
3. Stay informed on global market developments and incorporate relevant insights.
4. Develop underwriting guidelines and rating systems for new products.
5. Assist Broker Services with complex covers requiring specialist input.
6. Maintain existing commercial products for market relevance and competitiveness.
7. Create underwriting rules and processes balancing customer needs and shareholder interests.
8. Adjust wordings and clauses to include or exclude cover, considering portfolio impacts.
9. Advise on liability and Fidelity claims wording interpretations.
10. Write internal circulars and broker communications on new covers or complex concepts.
11. Review training materials and conduct ad hoc training for staff and brokers.
12. Handle complex referrals, making balanced underwriting decisions involving profit, growth, and portfolio impact.
13. Analyze broker bespoke products and discuss decisions with brokers.

Qualifications & Experience

• Bachelor of Commerce Degree / AIISA or comparable short-term insurance qualification, preferably with legal training (e.g., Law major).
• If only B Comm, should have completed or started insurance-specific qualifications (IISA or Milpark), with FAIS credits in commercial insurance.
• Minimum 10 years in the insurance industry, with at least 5 years in technical commercial underwriting.
• At least 5 years in Commercial Liability underwriting; knowledge of Professional Indemnity and D&O insurance is advantageous.

Skills

• Deep technical underwriting knowledge in Liability, Fidelity, and GPA covers.
• Ability to simplify complex legal and insurance terms.
• Strong analytical and numeracy skills.
• Fully bilingual in English and Afrikaans, with excellent communication and interpersonal skills.
• Proficient in MS Office and underwriting systems (WEBe, Mainframe, Guidewire).
• Understanding of legal terms, South African legislation, and premium calculation factors for Liability, Fidelity, and GPA covers.