Insurance Risk Underwriter — Growth & Impact

Placements24; Soweto; On-site; ZAR 300,000 - 540,000; Full time

Benefits offered by this job

Medical aid

Retirement fund contributions

Performance incentives

Career advancement opportunities

Supportive team environment

Job summary

Placements24 is seeking an Insurance Risk Underwriter in Soweto to assess and quantify risks on insurance applications, set appropriate coverage and pricing, and ensure portfolio profitability. You will collaborate with sales teams and brokers to guide risk selection and policy terms, requiring strong analytical decision-making in a dynamic local market.

The role demands at least 3 years in underwriting, solid knowledge of insurance contracts and relevant legislation, and proficient use of

Qualifications

• Minimum 3 years of experience in insurance underwriting, with focus on personal or commercial lines.
• Solid understanding of risk assessment principles, insurance contracts, and relevant legislation.
• Strong analytical and decision-making skills with meticulous attention to detail.
• Effective communication and interpersonal skills for stakeholder interactions.
• Proficiency in underwriting software and standard office applications.
• Relevant tertiary qualification or professional certification in insurance is advantageous.

Responsibilities

• Evaluate insurance applications to assess risk factors, exposures, and claims likelihood.
• Determine policy terms, coverage limits, and premiums based on risk and guidelines.
• Use data analytics to inform underwriting decisions and portfolio management.
• Communicate underwriting decisions and rationale to agents, brokers, and internal teams.
• Monitor performance of underwritten policies and identify risks or areas for improvement.
• Collaborate with claims and actuarial teams for portfolio risk understanding.

Skills

Risk assessment

Underwriting

Analytical thinking

Communication

Education

Tertiary qualification in insurance

Tools

Underwriting software

Job description

Placements24 is seeking an Insurance Risk Underwriter in Soweto to assess and quantify risks on insurance applications, set appropriate coverage and pricing, and ensure portfolio profitability. You will collaborate with sales teams and brokers to guide risk selection and policy terms, requiring strong analytical decision-making in a dynamic local market.

The role demands at least 3 years in underwriting, solid knowledge of insurance contracts and relevant legislation, and proficient use of