Remote Insurance Underwriter - Commercial Lines

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

Benefits offered by this job

Remote-first role

Flexible hours

Laptop provided

Health and retirement benefits

Job summary

Placements24 is seeking a skilled Commercial Lines Insurance Underwriter to join our remote-first team in South Africa. You will evaluate, select, and price commercial risks, engaging brokers and agents to develop tailored programs from your home office.

You should have at least 4 years of underwriting experience, strong analytical ability, and knowledge of policy wordings. ACII or IIK qualifications are advantageous, and proficiency with underwriting software and MS Office is expected.

Qualifications

• At least 4 years of experience underwriting commercial insurance.
• Strong analytical and decision-making skills.
• Knowledge of policy wordings and market dynamics.

Responsibilities

• Underwrite commercial insurance applications and set pricing.
• Build relationships with brokers and agents.
• Review renewals and adjust terms as needed.
• Collaborate with claims and risk teams.
• Stay updated on market trends and regulatory changes.

Skills

Underwriting

Risk assessment

Communication

Education

ACII

IIK

Tools

Underwriting software

Microsoft Office

Job description

About the Role

This is a fully remote opportunity for a skilled Commercial Lines Insurance Underwriter to join Our client, a leading provider of specialized insurance solutions. Operating from anywhere in South Africa, you will be responsible for evaluating, selecting, and pricing commercial risks according to underwriting guidelines and strategies. You will engage with brokers and agents to understand client needs and develop tailored insurance programs. This role requires a proactive approach to risk assessment, strong analytical capabilities, and a deep understanding of commercial insurance products and the market landscape. As a remote-first employee, you will benefit from the flexibility and autonomy of working from home, supported by a robust digital infrastructure and a collaborative virtual team. Our client is committed to fostering a remote work culture that prioritizes employee well-being and professional growth, making this an ideal position for an experienced underwriter seeking work-life balance and career advancement without geographical constraints. Your expertise will be crucial in expanding our client's commercial portfolio and ensuring profitable growth from your home office.

Key Responsibilities

• Analyze and underwrite commercial insurance applications, assessing risks and determining appropriate coverage and pricing.
• Develop and maintain strong relationships with insurance brokers and agents, providing them with expert underwriting advice and support.
• Review policy renewals, identifying changes in risk exposure and making necessary adjustments to terms and conditions.
• Collaborate with internal teams, including claims and risk management, to ensure a holistic approach to client service.
• Stay abreast of market trends, regulatory changes, and competitor activities within the commercial insurance sector.
• Develop new business opportunities and expand the existing client base through proactive engagement and proposal development.
• Ensure all underwriting decisions and documentation comply with company policies and regulatory requirements.
• Contribute to the development and refinement of underwriting strategies and product offerings.
• Utilize underwriting systems and tools effectively to manage workload and analyze data.
• Effectively communicate underwriting decisions and rationale to brokers and internal stakeholders.

Requirements

• A minimum of 4 years of experience in underwriting commercial insurance lines (e.g., Property, Liability, Fleet, Business Interruption).
• Proven track record of successful risk assessment and profitable underwriting.
• In-depth knowledge of commercial insurance products, policy wordings, and market dynamics.
• Excellent analytical, financial, and decision‑making skills.
• Strong communication, negotiation, and relationship‑building abilities.
• Must have a dedicated home office space with reliable internet connectivity.
• Proficiency in underwriting software and Microsoft Office Suite.
• Ability to work independently and manage time effectively in a remote setting.
• Relevant professional qualifications (e.g., ACII, IIK) are highly advantageous.
• Must be able to work remotely from anywhere within South Africa.

Benefits

• Fully remote work arrangement with flexible working hours.
• Competitive salary with potential for performance-based incentives.
• Generous annual leave allowance and paid sick leave.
• Company-provided laptop and essential remote work equipment allowance.
• Comprehensive health insurance plan and retirement savings contributions.
• Opportunities for continuous professional development and industry certifications.
• Access to a virtual collaborative platform and regular team meetings.
• A culture that supports work-life balance and employee well‑being.
• Career advancement opportunities within a leading insurance provider.