Commercial Underwriter

Placements24; Durban; On-site; ZAR 520,000 - 640,000; Full time

Benefits offered by this job

Salary incentives

Durban office

Medical + retirement

Training & development

Access to underwriting tools

Job summary

Placements24 is seeking a Commercial Underwriter for our Durban operations. You will assess and underwrite commercial insurance applications, quote pricing for new and renewal business, and ensure profitability while complying with guidelines and regulatory requirements.

You will collaborate with brokers, claims and actuarial teams to analyze risk trends and product performance, and build strong client relationships to drive growth.

Qualifications

• 4+ years of experience in commercial insurance underwriting.
• Strong understanding of Property, Liability, and Business Interruption risks.
• Demonstrated ability in risk assessment, financial analysis, and pricing methodologies.
• Excellent negotiation and decision-making skills.

Responsibilities

• Analyze and evaluate commercial insurance applications, assessing risks and deciding underwriting acceptability.
• Develop and quote pricing for new and renewal business, ensuring competitive rates and profitability.
• Adhere to underwriting guidelines, regulatory requirements, and company policies.
• Build and maintain strong relationships with agents, brokers, and clients to facilitate growth.
• Collaborate with claims and actuarial teams to provide insights on risk trends and product performance.

Skills

Risk assessment

Financial analysis

Pricing methodologies

Negotiation

Education

Degree in Insurance

Tools

CRM systems

Underwriting software

Job description

About the Role

Our client seeks a highly analytical and experienced Commercial Underwriter to join their established insurance operations in Durban . This role is critical in assessing and managing risks associated with commercial insurance policies, ensuring the financial health and profitability of the company. You will work closely with brokers and agents to evaluate applications, determine appropriate policy terms, and set premiums. The successful candidate will thrive in a deadline-driven environment, applying their deep understanding of commercial insurance products and risk assessment principles. This is an excellent opportunity to contribute to a leading insurer in Durban , leveraging your expertise in a challenging and rewarding role.

Key Responsibilities

• Analyze and evaluate commercial insurance applications, assessing risks and determining underwriting acceptability.
• Develop and quote pricing for new and renewal business, ensuring competitive rates while managing profitability.
• Adhere to underwriting guidelines, regulatory requirements, and company policies to mitigate exposure.
• Build and maintain strong relationships with agents, brokers, and clients to facilitate business growth.
• Collaborate with claims and actuarial departments to provide insights on risk trends and product performance.
• Stay updated on market conditions, emerging risks, and industry best practices in commercial underwriting.

Requirements

• Minimum of 4 years of experience in commercial insurance underwriting .
• Strong understanding of various commercial insurance lines of business (e.g., Property, Liability, Business Interruption).
• Demonstrated ability in risk assessment, financial analysis, and pricing methodologies.
• Excellent negotiation and decision‑making skills.
• Proficiency in underwriting software and CRM systems.
• A relevant degree or professional qualification in insurance or a related field is preferred.

Benefits

• Highly competitive salary with performance‑based incentives.
• Opportunity to work within a dedicated team in our Durban office.
• Comprehensive medical and retirement benefits package.
• Continuous training and professional development programs.
• Access to advanced underwriting tools and resources.