Insurance Underwriter

Job Description

As an Insurance Underwriter at Insurance Solutions Ltd., your role will involve carefully analysing data related to property and automobile insurance, providing guidance to clients, and collaborating with various departments to uphold regulatory standards.

Responsibilities

• Conduct thorough risk assessments for insurance applications and renewals.
• Prepare and present reports on underwriting decisions to senior management.
• Engage with clients to explain policy terms and facilitate understanding.
• Stay updated on market trends and regulatory changes affecting underwriting.
• Utilize insurance policy management software to streamline processes.
• Evaluate claims and provide recommendations for coverage decisions.

Requirements

Education

• Bachelor's degree in a relevant field (e.g., Finance, Economics)
• Professional certification in underwriting or risk management is preferred

Experience

• 3-5 years of experience in the insurance industry, specifically in underwriting.

Technical Skills

• Risk Assessment
• Insurance Software Proficiency

Soft Skills

• Problem-solving
• Interpersonal Skills

Certifications

• FPC (Financial Planning Certificate)
• LOMA (Life Office Management Association) certification

Languages

• English: Fluent

Advantageous

• Prior experience in claims handling: Understanding of the claims process and ability to advise clients accordingly.
• Knowledge of regulatory requirements in the UK insurance market: Awareness of regulations governing the insurance industry in the UK.

Benefits

• Comprehensive health, dental, and vision benefits
• Pension scheme with employer contributions
• Flexible working arrangements
• Professional development opportunities

Company Culture

• Innovation: Driven by innovation, we encourage our employees to think creatively and pursue new ideas.
• Work-Life Balance: We offer flexible working arrangements to ensure our employees maintain a healthy work-life balance.
• Community Engagement: We actively engage in community service and encourage our employees to contribute to local initiatives.