Insurance Business Analyst

Dimension Data; Cape Town; On-site; ZAR 350,000 - 500,000; Full time

Job summary

A leading company in technology and consulting services is seeking a Business Analyst. The incumbent will analyze insurance products, prepare client proposals, and assist in creating policies in alignment with current regulations. This role requires a Bachelor's degree in Insurance Business and relevant industry experience, particularly in risk assessment and data handling.

Qualifications

• Bachelor’s degree in Insurance Business or related field required.
• Experience in the insurance industry required.
• Current insurance industry experience is a plus.

Responsibilities

• Conduct in-depth analysis of insurance products and policies.
• Prepare client proposals based on risk analysis.
• Assist in creating business strategies and policies.

Skills

Data Analysis

Risk Assessment

Communication

Education

Bachelor’s degree in Insurance Business or related field

Tools

Digital Platforms

Custom Built Solutions

Job description

As a Business Analyst, you'll be responsible for the analysis of insurance products and policy conditions. You will prepare proposals for clients based on the data gathered from an in-depth analysis of risk exposures, changes in customer behaviour or market trends. You will also assist with creating policies to meet specific client needs by ensuring that they are up to date with current laws and regulations.

Requirements

• Assists in creating new business strategies to improve revenue, minimize expenses and reduce risk exposure
• Converts data from existing systems into an easily accessible format that can be used for decision support.
• Develops reports and documents that communicate the results of analysis and risk management projects and strategies.
• Assesses risk to determine appropriate insurance coverage and business strategies
• Develops relationships with brokers, agents, and regulators
• Evaluates risks and recommends policy change.
• Communicate with underwriters, policy holders, regulators, and customers on a regular basis to address problems and make recommendations

Qualifications

• Bachelor’s degree in Insurance Business or related field required.
• Experience in the insurance industry required
• Current insurance industry experience is a plus
• Digital experience
• Insurance (short term or life) / financial service industry is advantageous
• Encumbent will work across the mobile and web portals
• Custom built solutions (not off the shelf)
• Understanding of back-end integration

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