Remote Insurance Underwriter

Placements24; Mossel Bay; Hybrid; ZAR 600,000 - 800,000; Full time

Job summary

Placements24 is seeking a remote Insurance Underwriter in South Africa to assess risks, determine policy terms, and set premiums from a remote location. You will collaborate with brokers, agents, and internal teams nationwide to ensure profitability and controlled exposure.

The ideal candidate has 5+ years of underwriting experience, strong analytical and communication skills, and familiarity with underwriting software and MS Office. ACII/AU certifications are advantageous.

Qualifications

• Bachelor's degree in Business, Finance, Economics, or a related field.
• Minimum of 5 years of progressive underwriting experience.
• Strong knowledge of underwriting principles, risk assessment, and pricing methodologies.
• Experience with various insurance lines (e.g., commercial property, casualty, personal lines).
• Ability to work autonomously and manage workload in a remote setting.

Responsibilities

• Analyze insurance applications and supporting documentation to assess risks accurately.
• Evaluate acceptability of risks based on underwriting guidelines and authority limits.
• Determine policy terms, conditions, and pricing for approved risks.
• Clearly communicate underwriting decisions and rationale to brokers, agents, and stakeholders.
• Collaborate with claims, sales, and product development to ensure seamless operations.
• Monitor portfolio performance and identify trends or issues.
• Stay current with industry changes and market developments.
• Contribute to underwriting policy development and refinement.
• Maintain organized electronic records of underwriting activities.
• Participate in virtual meetings and training to enhance knowledge.

Skills

5+ years underwriting

Analytical skills

Decision making

Remote collaboration

Communication

Education

Bachelor's degree in Business/Finance/Economics

Tools

Underwriting software

MS Office

Job description

About the Role

Our client, a forward-thinking insurance company, is actively seeking a skilled and experienced Remote Insurance Underwriter to join their fully remote team. This critical role involves evaluating and selecting insurance risks, determining appropriate coverage, and setting premium rates to ensure profitability and manage exposure. You will work from the comfort of your own home, leveraging technology to collaborate with colleagues and clients nationwide. The ideal candidate will possess a strong analytical mindset, a deep understanding of underwriting principles across various lines of insurance, and a proven ability to make sound underwriting decisions. This is a unique opportunity to advance your career in underwriting within a remote-first, supportive environment, serving clients across South Africa .

Key Responsibilities

• Analyze insurance applications and supporting documentation to assess risks accurately.
• Evaluate the acceptability of risks based on established underwriting guidelines and authority limits.
• Determine appropriate policy terms, conditions, and pricing (premiums) for approved risks.
• Communicate underwriting decisions and rationale clearly to brokers, agents, and internal stakeholders.
• Collaborate with other departments, including claims, sales, and product development, to ensure seamless operations.
• Monitor portfolio performance and identify emerging trends or potential issues.
• Stay current with industry best practices, regulatory changes, and market developments.
• Contribute to the development and refinement of underwriting policies and procedures.
• Maintain accurate and organized electronic records of all underwriting activities.
• Participate in virtual team meetings and training sessions to enhance knowledge and skills.

Requirements

• Bachelor's degree in Business, Finance, Economics, or a related field.
• Minimum of 5 years of progressive experience in insurance underwriting.
• Comprehensive knowledge of underwriting principles, risk assessment, and pricing methodologies.
• Demonstrated experience with various insurance lines (e.g., commercial property, casualty, personal lines).
• Strong analytical, critical thinking, and decision-making skills.
• Excellent written and verbal communication skills, essential for remote collaboration.
• Proficiency in underwriting software and Microsoft Office Suite.
• Ability to work autonomously and manage workload effectively in a remote setting.
• A proactive approach to problem-solving and a commitment to continuous learning.
• Existing underwriting certifications (e.g., ACII, AU) are a strong advantage.

Benefits

As a remote-first organization, our client offers unparalleled flexibility and work-life balance. You will receive a competitive salary, comprehensive medical aid, and a retirement savings plan. We are committed to your professional growth, providing ongoing training, access to industry conferences, and opportunities for career advancement. This role allows you to work from anywhere within South Africa , with strong virtual support systems in place.