Remote Insurance Underwriter - Special Risks

Placements24; East London; Hybrid; ZAR 480,000 - 780,000; Full time

Benefits offered by this job

Fully remote

Medical aid

Retirement benefits

Professional development

Job summary

Placements24 seeks a Remote Insurance Underwriter specializing in Special Risks to join its fully remote team in South Africa. You will assess and price complex, non-standard risks, determine policy terms, and build relationships with brokers to grow the portfolio.

The ideal candidate has at least 6 years of underwriting experience, ACII/CIP are desirable, and strong analytical skills with a track record handling high-value or contingent risks.

Qualifications

• Minimum 6 years of underwriting experience focusing on special risks or complex commercial lines.
• Proven ability to assess unique and challenging risks across industries.
• Strong analytical, decision-making, and interpersonal skills.

Responsibilities

• Evaluate and underwrite a diverse range of special risks submissions including liability, contingency, and high-value property.
• Conduct thorough risk assessments to determine coverage terms and pricing.
• Develop and maintain relationships with brokers, agents, and clients providing expert underwriting advice.
• Collaborate with claims and legal teams to ensure comprehensive risk management for complex policies.
• Monitor portfolio performance and market trends to identify opportunities and exposures.
• Adhere to guidelines and regulatory requirements while fostering innovative underwriting solutions.

Skills

Underwriting

Special risks

Remote work

Negotiation

Analytical thinking

Education

ACII

CIP

Tools

Underwriting software

MS Office

Job description

About the Role

Our client is seeking an expert Remote Insurance Underwriter with a specialization in Special Risks to join their dynamic, fully remote team. This crucial role involves assessing and pricing complex, non-standard risks that fall outside typical insurance categories, requiring a high degree of technical knowledge and innovative thinking. You will analyze submissions, determine policy terms, conditions, and pricing, and build strong relationships with brokers and agents to grow the special risks portfolio. The ideal candidate thrives in an independent, remote work environment and possesses a proven track record in underwriting unique and challenging risks, contributing to the company's strategic growth from anywhere in South Africa .

Key Responsibilities

• Evaluate and underwrite a diverse range of special risks submissions, including but not limited to liability, contingency, and high-value property risks.
• Conduct thorough risk assessments, utilizing specialized knowledge and market intelligence to determine appropriate coverage, terms, conditions, and pricing.
• Develop and maintain strong relationships with brokers, agents, and clients, providing expert underwriting advice and solutions.
• Collaborate with internal teams, such as claims and legal, to ensure comprehensive risk management for complex policies.
• Monitor portfolio performance and market trends to identify opportunities and potential exposures.
• Adhere to underwriting guidelines, authority levels, and regulatory requirements while fostering innovative underwriting solutions.

Requirements

• Minimum of 6 years of experience in insurance underwriting , with a significant focus on special risks or complex commercial lines.
• Demonstrated expertise in assessing unique and challenging risks across various industries.
• Strong analytical, decision-making, and negotiation skills.
• Excellent communication and interpersonal skills, with the ability to build and maintain strong broker relationships remotely.
• Proficiency in underwriting systems and Microsoft Office Suite.
• Relevant professional qualifications (e.g., ACII, CIP) are highly desirable.

Benefits

• Highly competitive salary with significant potential for bonuses based on performance and portfolio results.
• Fully remote working arrangement, offering ultimate flexibility and work-life balance.
• Comprehensive medical aid and retirement benefits package.
• Opportunities for continuous professional development and staying at the forefront of special risks underwriting.
• A forward-thinking company culture that embraces innovation and values expertise.