Insurance Underwriter

Job Description

As an Insurance Underwriter, you will play a vital role in assessing and evaluating insurance applications. Your primary responsibility will be to determine the level of risk associated with insuring applicants and set appropriate premiums and coverage options.

Responsibilities

• Assess and underwrite insurance applications for various products.
• Determine risk levels and corresponding premiums based on comprehensive analysis.
• Work with brokers to negotiate terms and clarify underwriting requirements.
• Provide mentorship and support to junior underwriters.
• Engage in continuous improvement initiatives to enhance underwriting processes.
• Implement and adhere to company policies and regulatory standards.
• Participate in industry seminars and training sessions to deepen understanding.
• Respond promptly to client inquiries and resolve any concerns.
• Develop reports on underwriting performance and market conditions.
• Foster collaboration between teams to improve client service.

Requirements

Education

• Bachelor's degree in a relevant field such as risk management, insurance, or finance.
• Professional certification in underwriting (e.g., Chartered Property Casualty Underwriter) is preferred.

Experience

• At least 3 years of experience in insurance underwriting.

Technical Skills

• Analytical thinking
• Data analysis software

Soft Skills

• Excellent communication
• Teamwork
• Resilience

Languages

• English: Fluent

Advantageous

• Experience in a specific insurance type (e.g. property, liability): Knowledgeable in specific areas to bring specialized insight.
• Experience working with brokers or agents: Familiarity with negotiations and managing broker relationships.

Benefits

• Comprehensive health, dental, and vision insurance.
• Generous pension scheme with company contributions.
• Flexible working hours and remote work options.
• Employee wellness and assistance programs.

Company Culture

• Collaboration: We value teamwork and collaboration, fostering an atmosphere where all contributions are acknowledged.
• Continuous Learning: We are committed to providing opportunities for ongoing learning and professional development.
• Diversity and Inclusion: Our workplace values diversity and inclusion, welcoming individuals from all backgrounds.