Insurance Underwriter - Specialist Lines

Placements24; Gauteng; Hybrid; ZAR 700,000 - 1,100,000; Full time

Benefits offered by this job

Fully remote work

Competitive salary & incentive scheme

Medical, disability & life insurance

Job summary

Placements24 is seeking an experienced Insurance Underwriter to specialize in complex, niche lines. This fully remote role demands strong risk assessment and the ability to set premium terms that balance profitability with broker and client needs.

You will analyze professional indemnity, cyber liability, and construction all risks, price risks, underwrite submissions and renewals, and collaborate with brokers to shape policy terms.

Qualifications

• Minimum 5 years in insurance underwriting with specialist or complex lines.
• Proven ability to price diverse risks using sound judgment.
• ACII or FLMI qualifications are advantageous.

Responsibilities

• Analyze complex risks in specialist lines (e.g., professional indemnity, cyber, construction all risks).
• Determine coverage levels, terms, and premium rates based on risk evaluation.
• Underwrite new business and renewals per guidelines and appetite.
• Build and maintain broker relationships; provide underwriting support.
• Monitor portfolio performance and adjust strategy as needed.
• Stay updated on industry developments and regulatory changes.

Skills

Risk assessment

Underwriting

Analytical thinking

Remote work

Education

ACII

FLMI

Tools

Underwriting software

Data analysis tools

Job description

About the Role

Our client seeks a highly analytical and experienced Insurance Underwriter to specialize in complex, niche insurance lines within their expanding remote operations. You will be responsible for assessing and accepting risks, determining appropriate premium rates, and developing policy terms and conditions to ensure profitability and minimize exposure. This role requires a deep understanding of specialized markets and the ability to make sound underwriting decisions based on comprehensive risk analysis. Joining our client means becoming part of a forward-thinking company that embraces remote work, offering the flexibility to excel from your home office while contributing to innovative insurance solutions.

Key Responsibilities

• Analyze and assess complex risks associated with specialist insurance lines, such as professional indemnity, cyber liability, or construction all risks.
• Determine appropriate coverage levels, terms, conditions, and premium rates based on thorough risk evaluation and market analysis.
• Underwrite new business submissions and renewal policies, ensuring compliance with company guidelines and underwriting appetite.
• Develop and maintain strong relationships with brokers and agents, providing expert advice and support on underwriting matters.
• Monitor the performance of assigned portfolios, identifying trends and recommending adjustments to underwriting strategy.
• Stay abreast of industry developments, regulatory changes, and emerging risks relevant to specialist insurance lines.

Requirements

• Minimum of 5 years of experience in insurance underwriting, with a significant focus on specialist or complex lines of business.
• Proven ability to accurately assess and price diverse risks, applying sound judgment and analytical skills.
• Strong understanding of insurance principles, products, and market dynamics in specialist sectors.
• Excellent negotiation and communication skills, with the ability to articulate complex underwriting decisions clearly.
• Proficiency in underwriting software and data analysis tools, comfortable with remote collaboration platforms.
• Relevant professional qualifications (e.g., ACII, FLMI) are advantageous.

Benefits

• Competitive salary and a generous performance-based incentive scheme.
• Fully remote working arrangement, promoting flexibility and autonomy.
• Comprehensive medical, disability, and life insurance coverage.
• Significant investment in professional development, including support for further qualifications.
• A dynamic and collaborative virtual work environment with a focus on innovation.