Insurance Underwriter: Risk & Pricing Expert

Placements24

George

On-site

ZAR 480,000 - 720,000

Full time

10 days ago

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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.