Insurance Underwriter - Cape Town

Placements24; Cape Town; Sur place; ZAR 480 000 - 720 000; Plein temps

Avantages offerts par ce poste

Competitive salary

Medical aid

Pension fund

Career development

Underwriting exposure

Professional office

Performance bonus

Résumé du poste

WhatJobs Direct in Cape Town seeks an experienced Insurance Underwriter to assess risks, set premiums, and determine policy terms for a diverse portfolio. The role is on-site and requires collaboration with brokers and clients to ensure profitability and regulatory compliance.

You will analyze data, stay updated on industry changes, and work with claims and actuarial teams to refine strategies while upholding the company underwriting philosophy and objectives.

Qualifications

• Proven experience as an Insurance Underwriter, preferably within a specific line of business (e.g., Commercial, Personal Lines, Life).
• In-depth knowledge of underwriting principles, risk assessment techniques, and insurance products.
• Strong analytical and quantitative skills, with the ability to interpret complex data.
• Excellent decision-making capabilities and sound judgment.
• Effective communication and negotiation skills.
• Proficiency in underwriting software and Microsoft Office Suite.
• A relevant degree or professional qualification (e.g., ACII, Diploma in Insurance) is highly preferred.
• Understanding of the regulatory landscape governing the insurance industry in South Africa.
• Ability to work under pressure and meet deadlines in a fast-paced environment.
• Must be able to work full-time at our Cape Town office.

Responsabilités

• Evaluate insurance proposals to assess risks and determine insurability.
• Analyze financial data, historical loss records, and market trends to calculate premiums.
• Set terms, conditions, and coverage limits for various insurance policies.
• Approve or decline insurance applications based on risk assessment and company guidelines.
• Liaise with insurance brokers, agents, and clients to gather necessary information and explain underwriting decisions.
• Monitor the performance of assigned portfolio, identifying areas for growth or risk mitigation.
• Stay abreast of industry developments, regulatory changes, and emerging risks.
• Collaborate with claims and actuarial departments to refine underwriting strategies.
• Ensure compliance with all relevant insurance laws and regulations.
• Contribute to the development and implementation of new underwriting policies and products.

Connaissances

Underwriting

Risk assessment

Analytical

Decision making

Communication

Negotiation

Formation

ACII

Diploma in Insurance

Outils

Underwriting software

MS Office

Description du poste

About the Role

Our client, WhatJobs Direct, is seeking an experienced and astute Insurance Underwriter to join their esteemed team in Cape Town. This on-site role involves the critical task of assessing and accepting risks for new and existing insurance policies. You will evaluate applications, analyze data, determine appropriate premium rates, and set terms and conditions to ensure profitability and manage risk exposure. The ideal candidate will possess a strong understanding of underwriting principles, excellent analytical abilities, and the capacity to make sound judgments in a complex financial environment. You will work closely with brokers and agents, providing expertise and guidance to ensure our client's underwriting philosophy is consistently applied. This is a pivotal role in safeguarding the financial health and strategic direction of our client's insurance operations in Cape Town.

Key Responsibilities

• Evaluate insurance proposals to assess risks and determine insurability.
• Analyze financial data, historical loss records, and market trends to calculate premiums.
• Set terms, conditions, and coverage limits for various insurance policies.
• Approve or decline insurance applications based on risk assessment and company guidelines.
• Liaise with insurance brokers, agents, and clients to gather necessary information and explain underwriting decisions.
• Monitor the performance of assigned portfolio, identifying areas for growth or risk mitigation.
• Stay abreast of industry developments, regulatory changes, and emerging risks.
• Collaborate with claims and actuarial departments to refine underwriting strategies.
• Ensure compliance with all relevant insurance laws and regulations.
• Contribute to the development and implementation of new underwriting policies and products.

Requirements

• Proven experience as an Insurance Underwriter, preferably within a specific line of business (e.g., Commercial, Personal Lines, Life).
• In-depth knowledge of underwriting principles, risk assessment techniques, and insurance products.
• Strong analytical and quantitative skills, with the ability to interpret complex data.
• Excellent decision-making capabilities and sound judgment.
• Effective communication and negotiation skills.
• Proficiency in underwriting software and Microsoft Office Suite.
• A relevant degree or professional qualification (e.g., ACII, Diploma in Insurance) is highly preferred.
• Understanding of the regulatory landscape governing the insurance industry in South Africa.
• Ability to work under pressure and meet deadlines in a fast-paced environment.
• Must be able to work full-time at our Cape Town office.

Benefits

• Highly competitive salary commensurate with experience.
• Opportunity to work with a leading insurance provider.
• Comprehensive benefits package including medical aid and pension fund.
• Structured career development path and professional training.
• Exposure to diverse and challenging underwriting cases.
• Dynamic and professional office environment.
• Performance bonus opportunities.