Medical Malpractice Insurance Underwriter

Placements24; Bloemfontein; Hybrid; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Medical aid

Life insurance

Retirement contributions

Training programs

Job summary

Placements24 in Bloemfontein is seeking an experienced Medical Malpractice Insurance Underwriter to assess and underwrite risks for medical professionals, hospitals, and healthcare facilities. You will determine coverage terms, premiums, and trading terms while building relationships with brokers and clients.

The role requires a strong understanding of healthcare liabilities, robust analytical skills, and the ability to make sound underwriting decisions in a dynamic market.

Qualifications

• 4+ years of underwriting experience, with a focus on medical malpractice or professional liability.
• Experience in assessing complex medical risk and pricing.
• Solid understanding of healthcare terminology and medico-legal concepts.

Responsibilities

• Underwrite medical malpractice applications for healthcare professionals and institutions.
• Assess risks across medical specialties and healthcare services.
• Determine policy terms, conditions, exclusions and premiums.
• Manage a portfolio of medical malpractice risks with profitability targets.
• Build and maintain relationships with brokers, agents and healthcare clients.
• Stay updated on healthcare trends, legislation and medico-legal developments.
• Collaborate with claims and legal teams on complex cases.
• Review existing policies for coverage and pricing adequacy.
• Contribute to development of underwriting tools and strategies.

Skills

Underwriting

Analytical skills

Negotiation

Communication

Healthcare knowledge

Regulatory compliance

MS Office

Underwriting software

Education

Finance degree

Healthcare administration

Risk management

Tools

Underwriting software

MS Office

Job description

About the Role

Our client, a leading specialist insurer, is looking for an astute **Medical Malpractice Insurance Underwriter** to join their growing team in **Bloemfontein**. This critical role involves evaluating and underwriting risks associated with medical professionals, hospitals, and healthcare facilities, ensuring the company maintains a profitable and well-managed book of business. You will be responsible for assessing applications, determining appropriate coverage levels and premiums, and managing relationships with brokers and healthcare clients. This hybrid position offers the flexibility to work both from the office and remotely, allowing for a balanced and productive work environment. Your understanding of the healthcare industry, associated legal liabilities, and insurance principles will be essential. We seek an individual with strong analytical skills, a keen eye for detail, and the ability to make sound underwriting decisions in a complex and evolving sector. Your expertise will be vital in safeguarding healthcare providers and ensuring the financial stability of our client's medical malpractice insurance offerings. We aim to build a resilient team dedicated to supporting the healthcare community.

Key Responsibilities

• Underwrite medical malpractice insurance applications for healthcare professionals and institutions.
• Assess and analyze the specific risks associated with various medical specialties and healthcare services.
• Determine appropriate policy terms, conditions, exclusions, and premiums.
• Manage a portfolio of medical malpractice risks, ensuring profitability and adherence to underwriting guidelines.
• Build and maintain strong working relationships with brokers, agents, and healthcare clients.
• Stay informed about healthcare industry trends, legislative changes, and medico-legal developments.
• Collaborate with claims handlers and legal counsel on complex or litigated cases.
• Conduct regular reviews of existing policies to ensure continued appropriateness of coverage and pricing.
• Assist in the development and refinement of underwriting tools and strategies for the medical malpractice line.
• Ensure compliance with all relevant insurance regulations and company policies.

Requirements

• A minimum of 4 years of experience in insurance underwriting, with a significant focus on medical malpractice or professional liability.
• In-depth knowledge of the healthcare industry, medical terminology, and legal liabilities faced by healthcare providers.
• Proven ability to underwrite complex risks and manage a profitable book of business.
• Excellent analytical, decision-making, and problem-solving skills.
• Strong communication, negotiation, and interpersonal skills.
• Familiarity with insurance regulatory frameworks and compliance requirements.
• Proficiency in underwriting software and MS Office Suite.
• A relevant degree in Finance, Risk Management, Healthcare Administration, or a related field is preferred.
• Ability to work effectively in a hybrid setting, managing time and tasks efficiently.
• Commitment to continuous learning and professional development.

Benefits

Our client offers a competitive salary, performance-based bonuses, and a comprehensive benefits package including medical aid, life insurance, and retirement contributions. The hybrid work model provides a balance between office collaboration and remote flexibility. Employees have access to extensive training programs, professional development opportunities, and career advancement within the organization. This role is based in **Bloemfontein**, offering a stable and supportive work environment. Join a specialized team dedicated to providing essential protection to the healthcare sector.