Commercial Insurance Underwriter

Placements24; Cape Town; On-site; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Competitive salary & commission

Permanent position

Professional training

Health & retirement benefits

Cape Town office

Job summary

Placements24 is seeking a skilled Commercial Insurance Underwriter to join a Cape Town team. The role focuses on assessing and pricing commercial risks, working with brokers to tailor insurance solutions, and supporting portfolio profitability.

You’ll contribute to growth in the Western Cape market. The successful candidate will have at least 4 years in commercial underwriting, familiarity with Property/Liability/Marine lines, strong analytical and negotiation abilities, and proficiency with

Qualifications

• Minimum of 4 years of experience in commercial insurance underwriting.
• Solid understanding of various commercial insurance lines (e.g., Property, Liability, Marine).
• Strong analytical skills and the ability to interpret financial statements and risk assessments.
• Excellent negotiation and communication skills for effective broker engagement.
• Proficiency in underwriting systems and data analysis tools.
• Relevant professional designations (e.g., ACII, FLMI) are a significant advantage.

Responsibilities

• Evaluate and underwrite new and existing commercial insurance applications, analyzing risks and determining appropriate terms and pricing.
• Build and maintain strong relationships with brokers and clients to foster business development.
• Adhere to underwriting guidelines, authority levels, and regulatory requirements.
• Monitor market trends and competitor activities to inform underwriting strategies.
• Collaborate with the claims department to share insights and improve risk selection.
• Prepare detailed reports on underwriting performance and portfolio analysis.

Skills

Underwriting

Broker engagement

Risk assessment

Data analysis

Negotiation

Regulatory compliance

Tools

Underwriting systems

Data analysis tools

Job description

About the Role

Our client is looking for a skilled Commercial Insurance Underwriter to join their established team in Cape Town . This role is crucial in assessing and pricing commercial risks, ensuring the profitability and sustainability of the company's underwriting portfolio. You will work closely with brokers and agents to understand client needs and provide tailored insurance solutions. The ideal candidate will possess a strong understanding of commercial business operations and a keen eye for risk assessment, contributing to the strategic growth of our client's presence in the Western Cape market.

Key Responsibilities

• Evaluate and underwrite new and existing commercial insurance applications, analyzing risks and determining appropriate terms and pricing.
• Build and maintain strong relationships with brokers and clients to foster business development.
• Adhere to underwriting guidelines, authority levels, and regulatory requirements.
• Monitor market trends and competitor activities to inform underwriting strategies.
• Collaborate with the claims department to share insights and improve risk selection.
• Prepare detailed reports on underwriting performance and portfolio analysis.

Requirements

• Minimum of 4 years of experience in commercial insurance underwriting .
• Solid understanding of various commercial insurance lines (e.g., Property, Liability, Marine).
• Strong analytical skills and the ability to interpret financial statements and risk assessments.
• Excellent negotiation and communication skills for effective broker engagement.
• Proficiency in underwriting systems and data analysis tools.
• Relevant professional designations (e.g., ACII, FLMI) are a significant advantage.

Benefits

• Attractive annual salary and a generous commission structure based on portfolio performance.
• Stable, permanent position with opportunities for career progression.
• Access to cutting-edge underwriting tools and continuous professional training.
• Comprehensive health insurance and retirement savings plan.
• Vibrant office environment in the heart of Cape Town with excellent amenities.