Job Title

Commercial Underwriter

South Africa, Gauteng
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R25000 - R35000 Per Month
Area: South Africa, Gauteng
Sector: Financial Services
Posted: 15 March 2024

Job Details

  • Commercial lines underwriting experience
  • Handle commercial lines claims experience
  • Be able to speak to clients
  • Must have practical knowledge
  • brokerage background or worked at a brokerage. 
  • Must be between the ages of 25 and 45
  • Must be able to speak professionally and know a commercial policy wording.
  • Must have at least 2 years’ experience in short-term insurance and in particular commercial lines products (either underwriting or claims)
  • Salary expectation: between R 25 000 and R 35 000

Key Responsibilities:

 

Risk Assessment:

Evaluate clients’ specific insurance needs to ensure that they are comprehensively insured. You will also need to explain to the clients where they are not covered.

 

Policy Determination:

Determine appropriate coverage and policy terms based on risk assessments, ensuring alignment with regulatory requirements and company guidelines.

 

Underwriting Guidelines:

Apply underwriting guidelines and industry best practices to make informed decisions regarding policy issuance, modifications, or rejections.

 

Market Knowledge:

Stay informed about market trends, industry developments, and regulatory changes to adapt underwriting strategies accordingly.

 

Policy Documentation:

Prepare and issue policy documents, ensuring accuracy and completeness of information, and maintain detailed records of underwriting decisions.

 

Compliance:

Ensure compliance with local and international insurance regulations, maintaining a thorough understanding of the legal framework within South Africa.

 

Claims Analysis:

Assist in the analysis of claims data to identify patterns and trends, contributing insights to improve underwriting processes.

 

Continuous Learning:

Stay updated on industry advancements, underwriting technologies, and emerging risks to enhance professional knowledge and skills.

 

Customer Service:

Provide excellent customer service by promptly addressing inquiries, concerns, and providing information related to underwriting decisions.