Specialty Lines Insurance Broker

Placements24; Soweto; Hybrid; ZAR 650,000 - 950,000; Full time

Benefits offered by this job

Medical aid

Retirement fund

Professional development

Bonus structures

Job summary

Placements24 in Soweto, Gauteng, is seeking a Specialty Lines Insurance Broker who can place complex risks in niche markets such as professional indemnity, cyber liability, construction, or marine insurance. You will identify client needs, source coverage from specialist insurers, negotiate terms, and build strong relationships with clients and underwriters.

The ideal candidate has deep specialty knowledge, excellent analytical and negotiation skills, and a client-focused approach to provide

Qualifications

• Minimum 4 years' experience in insurance broking with specialty lines.
• Deep knowledge of professional indemnity, cyber, construction, marine insurance.
• Relevant tertiary qualification or FAIS/NQF credentials.
• Strong analytical, negotiation, and client advisory skills.
• Ability to build relationships with clients and underwriters.

Responsibilities

• Analyze complex risks and identify suitable specialty products.
• Source, negotiate, and place coverages for diverse clients.
• Develop relationships with specialist insurers and syndicates.
• Provide risk management guidance for specialty exposures.
• Prepare insurance proposals and policy documentation.
• Manage client portfolios with renewals and adjustments.
• Stay updated on industry trends and new products.
• Liaise with clients to understand evolving risk needs.
• Ensure compliance with regulatory requirements.

Skills

Negotiation skills

Communication skills

Interpersonal skills

Analytical ability

Client service focus

Education

Professional insurance designation

NQF Level 4

FAIS credits

Tools

Broking software

Job description

About the Role

Our client, a reputable insurance brokerage, is seeking a knowledgeable and client-focused Specialty Lines Insurance Broker to join their thriving team in Soweto, Gauteng . This role is designed for a professional who can expertly navigate and place complex insurance risks in niche markets, such as professional indemnity, cyber liability, construction, or marine insurance. You will be responsible for identifying client needs, sourcing appropriate coverage from specialist insurers, negotiating terms, and building strong relationships with both clients and underwriters. The ideal candidate possesses deep expertise in specialty insurance lines, excellent analytical and negotiation skills, and a commitment to providing tailored risk management solutions. This is a fantastic opportunity to excel in a specialized area of the insurance industry.

Key Responsibilities

• Analyze complex risks and identify appropriate specialty insurance products and markets.
• Source, negotiate, and place specialty insurance coverages for a diverse clientele.
• Develop and maintain strong working relationships with specialist insurers and underwriting syndicates.
• Provide expert advice to clients on risk management strategies relevant to their specialty exposures.
• Prepare clear and comprehensive insurance proposals and policy documentation.
• Manage client portfolios, ensuring timely renewals and policy adjustments.
• Stay abreast of developments, trends, and new products within specialty insurance lines.
• Liaise with clients to understand their evolving risk profiles and insurance requirements.
• Ensure compliance with all regulatory requirements and industry standards.
• Contribute to the growth and profitability of the specialty lines division.

Requirements

• A minimum of 4 years of experience in insurance broking, with a significant focus on specialty lines (e.g., professional indemnity, cyber, construction, marine, aviation).
• A relevant tertiary qualification or professional insurance designation (e.g., NQF Level 4, FAIS credits).
• In-depth knowledge of various specialty insurance markets and products.
• Proven ability to analyze complex risks and structure appropriate insurance solutions.
• Strong negotiation, communication, and interpersonal skills.
• Excellent understanding of insurance principles, policy wordings, and regulatory frameworks.
• Proficiency in using broking software and standard office applications.
• A client-centric approach with a commitment to providing exceptional service.
• Ability to work effectively both independently and as part of a team in Soweto, Gauteng .
• A proactive attitude towards market changes and client needs.

Benefits

Our client offers a competitive salary package, complemented by performance-based incentives and bonus structures. Comprehensive benefits include medical aid, a retirement fund, and opportunities for professional development and specialized training in niche insurance markets. You will have the chance to work with a dedicated team of specialists and advise a varied client base on complex risks. This role provides a challenging and rewarding career path within the dynamic insurance sector of Gauteng , offering growth opportunities in Soweto .