Insurance Underwriter

Placements24; George; On-site; ZAR 480,000 - 720,000; Full time

Benefits offered by this job

Medical aid

Retirement planning

Professional development opportunities

Job summary

Placements24 is seeking a meticulous Insurance Underwriter to join our client in George. You will assess risk, determine policy terms, and set premium rates to ensure profitability and portfolio stability.

You will analyze proposals, liaise with brokers, monitor portfolios, and stay updated on industry trends. The role demands strong analytical ability, decisive judgment, and proficient use of underwriting software.

Qualifications

• A relevant degree or professional qualification in Insurance, Finance, or a related discipline.
• Proven experience as an Insurance Underwriter with strong underwriting knowledge.
• Excellent analytical skills and the ability to interpret complex data.
• Strong decision-making abilities and sound risk judgment.
• Effective communication and negotiation with intermediaries.
• Proficiency in underwriting software and Microsoft Office.

Responsibilities

• Analyze insurance proposals to assess risk factors and determine insurability of applicants.
• Calculate appropriate premium rates based on risk assessment, market conditions, and company guidelines.
• Set terms, conditions, and exclusions for insurance policies to effectively manage risk.
• Liaise with brokers and agents to gather further information and discuss policy terms.
• Monitor the performance of assigned insurance portfolios and recommend adjustments as needed.
• Stay abreast of industry trends, regulatory changes, and emerging risks affecting underwriting decisions.

Skills

Analytical skills

Decision-making

Communication skills

Education

Relevant degree or professional qualification in Insurance/Finance

Tools

Underwriting software

Microsoft Office

Job description

About the Role

Our client is seeking a meticulous and analytical Insurance Underwriter to join their growing team in George . This role is crucial in assessing and managing risks associated with insurance applications, ensuring the profitability and stability of the company's portfolio. You will be responsible for evaluating the risk exposure of potential clients, setting appropriate premium rates, and determining policy terms and conditions. This position requires a sharp mind, strong decision-making capabilities, and a comprehensive understanding of risk assessment principles within the insurance sector.

Key Responsibilities

• Analyze insurance proposals to assess risk factors and determine the insurability of applicants.
• Calculate appropriate premium rates based on risk assessment, market conditions, and company guidelines.
• Set terms, conditions, and exclusions for insurance policies to effectively manage risk.
• Liaise with brokers and agents to gather further information and discuss policy terms.
• Monitor the performance of assigned insurance portfolios and recommend adjustments as needed.
• Stay abreast of industry trends, regulatory changes, and emerging risks affecting underwriting decisions.

Requirements

• A relevant degree or professional qualification in Insurance, Finance, or a related discipline.
• Proven experience as an Insurance Underwriter , with a strong understanding of underwriting principles.
• Excellent analytical skills, with the ability to interpret complex data and financial information.
• Strong decision-making abilities and sound judgment in risk assessment.
• Effective communication and negotiation skills, particularly with intermediaries.
• Proficiency in underwriting software and Microsoft Office Suite.

Benefits

• Competitive annual salary and potential for performance-based incentives.
• Opportunity to work with a diverse range of insurance products and risks.
• Comprehensive benefits package including medical aid and retirement planning.
• Professional development opportunities and support for further certifications.
• A stable and reputable company environment located in George .