COMMERCIAL UNDERWRITER

Our client is looking for a commercial underwriter that will be able to do the following :

Risk Assessment and Analysis :

• Analyse and interpret data related to commercial risks, including property, liability, motor, engineering, and other short-term insurance lines.
• Review applications, inspection reports, and financial statements to determine the degree of risk for potential clients.
• Assess external factors affecting risk, such as economic trends, regulatory changes, and claims history.

Underwriting Decisions :

Make informed decisions about whether to accept or decline insurance applications.

Determine appropriate terms, coverage limits, premiums, and conditions for policies.

Negotiate terms and conditions with brokers and clients within delegated authority.

Portfolio Management :

Manage an assigned book of business, monitoring performance and profitability.

Regularly review the portfolio for adverse trends and take corrective action where necessary.

Renew existing policies and adjust terms based on updated risk evaluations.

Broker and Client Relationship Management :

Develop and maintain strong relationships with insurance brokers, agents, and direct clients.

Provide expert advice and guidance on insurance solutions, policy wording, and claims processes.

Deliver responsive, professional service to ensure high levels of broker and client satisfaction.

Conduct client and broker visits as required to deepen understanding of risks and business operations.

Compliance and Documentation :

Ensure all underwriting activities comply with company policies, regulatory requirements, and best practices.

Accurately document decisions, correspondence, and policy details in the underwriting system.

Participate in internal and external audits as required.

Product Development and Innovation :

Contribute to the development and refinement of insurance products by providing underwriting insights and suggestions.

Keep abreast of emerging risks, technologies, and trends in the commercial insurance market.

Participate in product launches and training sessions for brokers and clients.

Claims Collaboration :

Work closely with the claims department to understand loss trends and improve underwriting guidelines.

Assist in complex claim investigations where underwriting input is required.

Formal education :

Matric

Commercial Lines Class of Business

Regulatory Exam Level 1

NQF 5 in Short-Term Insurance

A minimum of five years of relevant commercial underwriting experience