Assistant Underwriter – Risk Pricing

Key Skills, Knowledge, Experience and Behavioural CompetenciesAcademic and Professional Requirements

• Education Bachelor’s Degree. Bachelor’s degree in a related field.
  
• Professional Qualification Insurance related or Actuarial professional qualification is an advantage
  

Experience Required:

Description Required years of experience

• Minimum experience in similar role 2 years
  

• Review the risks presented in the company to ensure they are within the set underwriting guidelines and are covered under the reinsurance program.
  
• Support preparation of reinsurance reports on a monthly basis to ensure timely collection of reinsurance claims.
  
• Issue and approve quotations within specified limits.
  
• Review Monthly Claims Register, reserves and outstanding claims.
  
• Conduct Medical Underwriting review for retail proposals.
  
• Provide input on product development and business innovation initiatives to ensure continuous review of existing products to meet changing market needs.
  
• Prepare analytical reports on business trends, portfolio loss ratio and schemes of interest to ensure that the portfolio remains profitable and any adverse performance in corrected in a timely manner.
  
• Manage renewal process to achieve the set turnaround time and retention.
  
• Co-ordinate pricing activities to ensure quality and excellent customer service.
  
• Review existing risks, recommend and implement risk mitigation measures.
  
• Medical Underwriting for all retail proposal forms
  
• Propose regular updates to the underwriting guidelines in line with emerging trends and best practice.