Remote Insurance Underwriter (Life & Health)

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

Benefits offered by this job

Remote work

Salary increases

Medical aid

Pension fund

Annual leave

Professional development

Employee assistance

Team culture

Job summary

Placements24 is seeking a dedicated Remote Insurance Underwriter for a leading South Africa insurance client. The role emphasizes independent work, advanced risk assessment for life and health products, and profitability within underwriting guidelines.

You will analyze applications, determine policy eligibility, calculate premiums, review medical reports, and communicate decisions to agents and clients. A remote-first setup with strong analytical skills and 4+ years of underwriting experience is

Qualifications

• 4+ years in life and health underwriting.
• Strong understanding of underwriting and actuarial concepts.
• Ability to analyze complex data and make informed decisions.
• Excellent written and verbal communication.
• Proficiency in underwriting software and digital tools.
• Relevant tertiary qualification (e.g., BCom, BSc) or professional designation (ANZIIF, LIIA).
• Strong attention to detail and organization.

Responsibilities

• Analyze life and health applications to assess risk and eligibility.
• Apply underwriting guidelines consistently to ensure sound decisions.
• Calculate premiums and terms based on risk factors.
• Review medical reports and financial statements as needed.
• Communicate underwriting decisions to agents and clients clearly.
• Collaborate with sales and management to ensure efficient processing.
• Identify adverse selection and fraudulent applications.
• Keep up to date with market changes, regulations and medical advances.
• Contribute to underwriting policy development and refinement.
• Maintain accurate records of underwriting decisions and activities.

Skills

Underwriting principles

Risk assessment

Data analysis

Communication skills

Independent work

Education

BCom

BSc

ANZIIF/LIIA

Tools

Underwriting software

CRM software

Job description

About the Role

Our client, a rapidly growing leader in the Insurance industry, is looking for a dedicated and meticulous Remote Insurance Underwriter to join their fully remote team. This position is ideal for an experienced professional who thrives in an independent work environment and possesses a deep understanding of risk assessment for life and health insurance products. You will be instrumental in evaluating applications, determining policy eligibility, and setting appropriate premium rates, ensuring profitability and adherence to underwriting guidelines. This role is critical to our client's mission of providing secure and accessible insurance solutions nationwide. We seek an individual who is self-disciplined, highly analytical, and committed to maintaining the highest standards of underwriting excellence. Embrace the flexibility of a remote-first career while making a significant contribution to our client's success and the well-being of their policyholders across South Africa. Your expertise will be valued, and your work-life balance prioritized.

Key Responsibilities

• Analyze and assess applications for life and health insurance policies, evaluating risks and determining acceptability.
• Apply underwriting guidelines and company policies consistently to ensure sound decision-making.
• Calculate appropriate premiums and terms based on risk factors and actuarial data.
• Request and review medical reports, financial statements, and other necessary documentation.
• Communicate underwriting decisions and requirements clearly to agents, brokers, and clients.
• Collaborate with sales teams and management to ensure efficient processing and customer satisfaction.
• Identify and mitigate potential adverse selection and fraudulent applications.
• Stay abreast of changes in the insurance market, regulations, and medical advancements impacting underwriting.
• Contribute to the development and refinement of underwriting policies and procedures.
• Maintain accurate and up-to-date records of all underwriting decisions and activities.

Requirements

• Minimum of 4 years of experience in life and health insurance underwriting.
• Solid understanding of underwriting principles, risk assessment, and actuarial concepts.
• Demonstrated ability to analyze complex data and make informed decisions.
• Excellent written and verbal communication skills, with the ability to explain technical information clearly.
• Proficiency in underwriting software and digital communication tools.
• A relevant tertiary qualification (e.g., BCom, BSc) or professional insurance designation (e.g., ANZIIF, LIIA) is preferred.
• Strong attention to detail and exceptional organizational skills.
• Ability to manage a high volume of work efficiently in a remote setting.
• Self-motivated, disciplined and able to work independently with minimal supervision.
• Access to a reliable internet connection and a dedicated home office setup.

Benefits

• Competitive salary with potential for annual performance-based increases.
• Fully remote work arrangement, offering unparalleled flexibility.
• Contribution to medical aid and pension fund.
• Generous annual leave and sick leave benefits.
• Opportunities for continuous professional development and certifications.
• Access to cutting-edge underwriting technology and resources.
• A supportive virtual team culture focused on collaboration and shared success.
• Employee assistance programs for well-being.
• Work with a forward-thinking company that embraces innovation.