Description
Risk Assessment & Analysis
- Review insurance applications, proposals, and supporting documentation to assess risk exposure.
- Analyze client, financial, operational, and risk-related information to support underwriting decisions.
- Identify potential risk factors and escalate complex or unusual risks to senior underwriters.
- Support the evaluation of appropriate terms, conditions, limits, and pricing.
Underwriting Support
- Prepare underwriting summaries and recommendations for review and approval.
- Ensure proposed risks comply with established underwriting guidelines and authority limits.
- Review existing policies and support renewal assessments.
- Assist with portfolio reviews and identification of emerging risk trends.
Documentation & Policy Administration
- Ensure underwriting files contain accurate and complete documentation.
- Review policy information for accuracy and consistency with approved terms.
- Coordinate with relevant teams to resolve documentation gaps and discrepancies.
- Maintain accurate underwriting records and databases.
Stakeholder Collaboration
- Work closely with Underwriting, Claims, Reinsurance, Finance, Sales, and Operations teams.
- Provide underwriting information and clarification to internal stakeholders.
- Support the preparation of quotations and client-related documentation where required.
- Participate in portfolio and risk review meetings.
Reporting & Compliance
- Prepare periodic underwriting reports and portfolio analysis.
- Monitor key underwriting indicators and highlight areas requiring management attention.
- Ensure underwriting activities comply with internal policies, regulatory requirements, and approved risk parameters.
Requirements
Education Bachelor's Degree in:
- Insurance, Actuarial Science, Finance, Economics, Accounting, Business Administration Or a related discipline.
- Professional qualification such as CIIN or progress toward an insurance-related professional certification is an added advantage.
Experience
- Minimum of 3–5 years of relevant experience in underwriting, insurance operations, risk assessment, or a related insurance function.
- Practical understanding of insurance underwriting principles and risk evaluation.
- Experience reviewing insurance proposals, policy documentation, and risk information.
- Good understanding of insurance products and underwriting procedures.
- Experience within the Nigerian insurance industry is preferred.
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