Insurance Policy Underwriter

Placements24; George; On-site; ZAR 350,000 - 550,000; Full time

Benefits offered by this job

On-site office in George

Comprehensive health insurance

Pension fund contribution

Learning and development opportunities

Job summary

Placements24 in George, Western Cape, is seeking a meticulous Insurance Policy Underwriter to evaluate risks, set terms and pricing, and ensure profitable portfolio management. This office-based role requires collaboration with agents and brokers to issue policies and support clients.

The ideal candidate will have proven underwriting experience, a solid grasp of risk management, and strong analytical and communication skills.

Qualifications

• Proven experience as an Insurance Underwriter in relevant sector.
• Strong understanding of risk management and underwriting practices.
• Excellent analytical skills with keen eye for detail.
• Proficiency in underwriting software and standard office tools.
• Effective communication with internal and external stakeholders.
• Relevant degree or professional qualification in insurance or finance advantageous.

Responsibilities

• Review and analyze insurance applications to assess risk exposure and eligibility.
• Determine policy terms, coverage limits, and premiums based on risk.
• Adhere to underwriting guidelines, regulatory requirements, and company standards.
• Communicate with agents and brokers to gather information and clarify policy details.
• Maintain records of underwriting decisions and policy information.
• Monitor market trends to inform underwriting strategies.

Skills

Analytical skills

Attention to detail

Risk management

Communication skills

Education

Degree in insurance/finance

Tools

Underwriting software

Office productivity tools

Job description

About the Role

Our client is seeking a meticulous and analytical Insurance Policy Underwriter to join their established team in George . In this role, you will be responsible for evaluating and assessing the risks associated with insurance applications, making informed decisions on policy terms, conditions, and pricing. Your expertise will be critical in ensuring the profitability and stability of the company's insurance portfolio. This is an office-based position where you will collaborate closely with agents and brokers to ensure seamless policy issuance and client support in the beautiful Western Cape region.

Key Responsibilities

• Review and analyze insurance applications to assess risk exposure and eligibility.
• Determine appropriate policy terms, conditions, coverage limits, and premiums based on risk assessment.
• Adhere to underwriting guidelines, regulatory requirements, and company standards.
• Communicate effectively with insurance agents and brokers to gather necessary information and clarify policy details.
• Maintain accurate and up-to-date records of underwriting decisions and policy information.
• Continuously monitor market trends and industry developments to inform underwriting strategies.

Requirements

• Proven experience as an Insurance Underwriter, preferably in a relevant sector (e.g., property, casualty, life).
• Strong understanding of risk management principles and insurance underwriting practices.
• Excellent analytical skills with a keen eye for detail and accuracy.
• Proficiency in using underwriting software and standard office productivity tools.
• Effective communication and interpersonal skills for interacting with internal and external stakeholders.
• A relevant degree or professional qualification in insurance or finance is advantageous.

Benefits

• Competitive salary and performance-based incentives.
• On-site work environment in a well-equipped office in George .
• Comprehensive health insurance coverage.
• Pension fund contribution.
• Opportunities for continuous learning and professional development within the insurance industry.