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Madison Insurance Group
Banking + 2 more
Description
Knowledge, Skills and Competencies Required
- Deep knowledge of underwriting regulations.
- Analytical thinker with research proficiencies.
- Ability to use reasonable and sound judgment.
- Strong problem-solving and decision-making skills.
- Solid organizational skills and detail-oriented.
- Ability to work under pressure and meet strict deadlines.
- Strong interpersonal and negotiation skills.
- Computer literate in MS Office and other office applications
- Ability to build positive relationships and partnerships with clients, brokers and key role-players
Academic/Professional Qualifications and Experience required
- Degree in Actuarial Science or Business-Related field.
- Good progress in professional qualification in insurance (IIK)
- 2 years’ experience in General Insurance Underwriting
- Collect appropriate and accurate information required to assess potential clients and decide on the acceptable risk for a policy issuance.
- Review policy applications and renewals based on the previous loss experience.
- Evaluate policies with regards to the company’s underwriting standards.
- Make a decision to accept, modify or reject an insurance application after scrutiny of all the required documents and studies regarding the risk involved.
- Handle queries from credit control departments, intermediaries and clients
- Processing new businesses, renewals, endorsements as well as issuance of motor certificates, cover notes and yellow cards.
Underwriting and processing work allocated from immediate supervisor and ensuring all debits are put through in the correct month to facilitate premium
collection.
- Assisting clients in identifying our products that suits their needs in line with insurance principles.
- Prepare and issue cancellation notices in case of non-payment of premium.
- Preparation and issuance of renewal notices sixty dates before renewal date.
- Follow up renewals to ensure retention targets met
- Assist in claims handling requests.
- Preparation and issuing quotations.
- Liaising with intermediaries’ brokers and agents to solve any problems they may have and ensure efficient service delivery.
- Any other duties that may be allocated from time to time
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