Medical Malpractice Underwriter

Placements24; Bloemfontein; Hybrid; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Medical aid

Group life cover

Retirement annuity

Hybrid work

Job summary

Placements24 seeks a seasoned Medical Malpractice Underwriter in Bloemfontein to assess, price, and manage complex medical liability risks for healthcare providers and institutions, developing tailored solutions to protect profitability.

The role demands deep knowledge of medical practice, SA healthcare law, and insurance principles, with the ability to build durable broker relationships in the Free State and deliver technically sound underwriting insights across a hybrid work model.

Qualifications

• Bachelor's degree in Law, Commerce, Finance, or related discipline.
• ACII or equivalent professional qualification advantageous.
• Minimum 6 years underwriting experience focused on professional indemnity or medical malpractice.
• In-depth knowledge of SA healthcare regulations and medical liability.

Responsibilities

• Underwrite medical malpractice applications, assessing risks of healthcare providers.
• Develop underwriting guidelines and pricing structures for medical malpractice policies.
• Analyze medical case law, regulatory changes, and industry trends.
• Build and maintain broker and client relationships.
• Collaborate with claims to provide underwriting insights and monitor portfolio performance.

Skills

Analytical skills

Negotiation

Communication

Broker relationships

Education

Bachelor's degree in Law, Commerce, Finance

Tools

Underwriting systems

Microsoft Office Suite

Job description

About the Role

Our client, a specialist insurer renowned for its expertise in professional indemnity, is seeking a highly knowledgeable Medical Malpractice Underwriter to join their growing team in Bloemfontein, Free State . This role is crucial for assessing, pricing, and managing medical malpractice risks for healthcare professionals and institutions. You will leverage your deep understanding of medical practice, healthcare law, and insurance principles to develop tailored solutions and ensure the profitability of your portfolio. This is a significant opportunity for an experienced underwriter to contribute to a niche market within the South African insurance landscape. The ideal candidate will possess strong analytical skills and the ability to build robust relationships with brokers and clients in the Bloemfontein region.

Key Responsibilities

• Underwrite medical malpractice insurance applications, accurately assessing risks associated with healthcare providers.
• Develop and apply appropriate underwriting guidelines and pricing structures for medical malpractice policies.
• Analyze medical case law, regulatory changes, and industry trends impacting medical liability.
• Build and maintain strong relationships with brokers and clients, understanding their unique risk profiles.
• Negotiate terms, conditions, and pricing for complex or large accounts.
• Collaborate with the claims department to provide underwriting insights on liability matters.
• Monitor the performance of the underwriting portfolio, identifying areas for improvement and growth.
• Contribute to the development of new products and services within the medical malpractice sector.
• Ensure compliance with all regulatory requirements and internal underwriting standards.
• Provide technical expertise and support to junior underwriters and other internal stakeholders within Free State .

Requirements

• A Bachelor's degree in Law, Commerce, Finance, or a related discipline.
• Relevant professional insurance qualifications (e.g., ACII) are highly advantageous.
• Minimum of 6 years of experience in underwriting, with a significant focus on professional indemnity or specifically medical malpractice insurance.
• Demonstrated expertise in assessing and managing complex medical malpractice risks.
• In-depth knowledge of healthcare practices, medical terminology, and relevant legal and regulatory frameworks in South Africa .
• Strong analytical, financial assessment, and risk evaluation skills.
• Excellent negotiation, communication, and interpersonal abilities.
• Proven ability to build and manage strong broker relationships.
• Proficiency in underwriting systems and Microsoft Office Suite.
• Capacity to work effectively in a hybrid environment, managing responsibilities remotely and from the Bloemfontein office.
• A proactive approach to continuous learning and staying updated on industry developments.

Benefits

• Our client provides a competitive salary, complemented by an excellent benefits package including medical aid, group life cover, and a generous retirement annuity. Opportunities for professional development and career advancement are abundant, including support for further certifications. This role offers a hybrid work arrangement, allowing for flexibility and work-life balance in Bloemfontein, Free State.
• We are committed to fostering a collaborative and innovative work environment.