Professional Indemnity Underwriter

Placements24; Mbombela (Nelspruit); On-site; ZAR 700,000 - 1,000,000; Full time

Benefits offered by this job

Medical aid

Retirement savings

Life assurance

Performance-related bonuses

Job summary

Placements24 seeks a meticulous Professional Indemnity Underwriter to join our Nelspruit office. You will underwrite new and renewal PI policies, assess applications and professional exposures, and determine terms and pricing based on risk and market conditions.

You will build strong broker relationships, monitor portfolio profitability, and stay abreast of industry trends and regulatory changes in Mpumalanga. A strong analytical acumen is essential.

Qualifications

• Bachelor's degree in a relevant field required.
• CIP/ACII qualifications are highly desirable.
• Minimum 5 years' underwriting experience in professional indemnity or specialty lines.
• Proven ability to assess complex professional risks and apply sound underwriting judgment.
• Strong understanding of liability exposures across professions (legal, medical, IT, etc.).
• Excellent analytical, problem-solving and decision-making skills.
• Effective communication and negotiation with brokers and agents.

Responsibilities

• Underwrite new and renewal professional indemnity business.
• Assess applications, financial statements, and professional exposures.
• Determine terms, conditions, and pricing based on risk and market.
• Build and maintain relationships with brokers and agents.
• Manage portfolio performance to meet profitability targets.
• Stay informed on industry trends, regulatory changes, and emerging risks.

Skills

Analytical thinking

Risk assessment

Underwriting

Negotiation

Broker liaison

Portfolio management

Education

Bachelor's degree in Commerce/Finance/Law

Tools

Underwriting software

MS Office

Job description

About the Role

Our client, a reputable insurance underwriter specializing in professional liability, is seeking a meticulous and analytical Professional Indemnity Underwriter to join their team in Nelspruit, Mpumalanga . This role is essential for evaluating the risks associated with various professions and providing appropriate insurance coverage. You will be responsible for assessing applications, determining terms and pricing, and managing a portfolio of professional indemnity risks. This is an excellent opportunity for an experienced underwriter to apply their expertise in a key market segment within a dynamic insurance company. The ideal candidate will possess a strong understanding of professional services and their associated liabilities in the Nelspruit area.

Key Responsibilities

• Underwrite new and renewal business for professional indemnity insurance policies.
• Assess applications, analyze financial statements, and evaluate the professional exposures of applicants.
• Determine appropriate terms, conditions, and pricing based on risk assessment and market competitiveness.
• Build and maintain strong relationships with brokers and agents, providing them with expert underwriting support.
• Manage and monitor the performance of an assigned underwriting portfolio, ensuring profitability targets are met.
• Stay informed about industry trends, regulatory changes, and emerging risks affecting professional services.
• Collaborate with the claims department to provide underwriting perspectives on professional indemnity claims.
• Contribute to the development and refinement of underwriting guidelines and strategies.
• Ensure compliance with all company policies and regulatory requirements in Mpumalanga .
• Respond promptly and professionally to broker inquiries and requests for quotations.

Requirements

• A Bachelor's degree in Commerce, Finance, Law, or a related field.
• Professional insurance qualifications (e.g., CIP, ACII) are highly desirable.
• Minimum of 5 years of experience in underwriting, with a specific focus on professional indemnity or specialty lines insurance.
• Proven ability to assess complex professional risks and apply sound underwriting judgment.
• Strong understanding of the liability exposures faced by various professions (e.g., legal, medical, architectural, IT).
• Excellent analytical, problem-solving, and decision-making skills.
• Effective communication and negotiation skills, with the ability to build rapport with brokers.
• Proficiency in underwriting software and Microsoft Office Suite.
• Ability to manage a diverse workload and meet deadlines in a fast-paced environment.
• Knowledge of the insurance market in South Africa and particularly the Mpumalanga region is an advantage.
• Willingness to be based in our Nelspruit office full-time.

Benefits

Our client offers a competitive salary package, a comprehensive benefits program including medical aid, retirement savings, and life assurance. Opportunities for professional development and career growth within the organization are actively encouraged. This role is office-based in Nelspruit, Mpumalanga , offering a structured and collaborative work environment. We provide a supportive team culture and performance-related bonuses.