Commercial Insurance Underwriter

Placements24

Mbombela (Nelspruit)

On-site

ZAR 420,000 - 660,000

Full time

6 days ago

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Benefits offered by this job

Bonus opportunities

Medical aid

Retirement fund

Continuous learning

Work-life balance

Diverse clients in Nelspruit

Job summary

Placements24 is seeking a seasoned Commercial Insurance Underwriter to join its team in Nelspruit. You will assess applications, determine terms and pricing, and help ensure profitability of the commercial portfolio in the Mpumalanga region.

We value strong analytical abilities, sound business judgment, and experience with commercial lines such as property, liability, and commercial auto. You'll work with brokers, review renewals, and contribute underwriting insights across complex cases.

Qualifications

4+ years of experience as an Insurance Underwriter, focused on commercial lines.
Strong knowledge of commercial products (property, liability, commercial auto).
Excellent analytical, decision-making, and negotiation skills.
Ability to interpret financial data and assess business risk.

Responsibilities

Analyze commercial insurance applications, evaluating business risks and exposures.
Determine appropriate coverage levels, policy terms, and premium pricing.
Develop and maintain strong relationships with insurance brokers and agents.
Review policy renewals and make necessary adjustments based on risk profiles and market conditions.
Collaborate with the claims department to provide underwriting insights on complex cases.
Monitor market trends and competitor activities to ensure competitive pricing and product offerings.

Skills

Analytical skills

Negotiation skills

Financial data interpretation

Underwriting software

Tools

Underwriting software

Job description

About the Role

Our client is seeking a seasoned Commercial Insurance Underwriter to join their dynamic team in Nelspruit . This role is crucial for assessing and managing the risks associated with commercial businesses seeking insurance coverage. You will be responsible for evaluating applications, determining appropriate policy terms and pricing, and ensuring the profitability and sustainability of the commercial insurance portfolio. The ideal candidate will possess strong analytical skills and a deep understanding of business operations and associated risks.

Key Responsibilities

Analyze commercial insurance applications, evaluating business risks and exposures.
Determine appropriate coverage levels, policy terms, and premium pricing.
Develop and maintain strong relationships with insurance brokers and agents.
Review policy renewals and make necessary adjustments based on risk profiles and market conditions.
Collaborate with the claims department to provide underwriting insights on complex cases.
Monitor market trends and competitor activities to ensure competitive pricing and product offerings.

Requirements

Minimum of 4 years of experience as an Insurance Underwriter , with a focus on commercial lines.
Strong knowledge of various commercial insurance products (e.g., property, liability, commercial auto).
Excellent analytical, decision-making, and negotiation skills.
Ability to interpret financial data and assess business risk effectively.
Proficiency in underwriting software and standard office applications.
Understanding of the business landscape and insurance market in Mpumalanga .

Benefits