Senior Underwriter: General Liability
6 days ago
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Requirements
- Bachelor degree and/or equivalent NQF Level 7 qualification in general insurance
- FAIS Compliant
- Successfully completed the RE 5 Examination Level 1
- At least 5 years General Liability underwriting experience
- Claims experience in General Liability risks would be an advantage
- Proven track record of underwriting experience e.g. assessing exposure and underwriting levels
- Very good communication skills (both written & verbal)
Duties & Responsibilities
- Manage and understand the General Liability Treaty and its provisions
- Responsible for renewal of the General Liability Treaty and for providing all statistics and underwriting information required for renewal
- Ensuring that the Treaty meets the requirements of GGI and that any changes are clearly communicated to the various Divisions
- Seeking additional capacity in the international reinsurance market, where required
- Control the Liability risks ceded to the treaty by way of formal mandates to every Division
- Approve and sign off on risks outside of the Mandates of the respective Divisions
- Ensure compliance with the provisions of the General Liability Treaty, by vetting the General, Products, Motor Third Party and Umbrella Liability policy wordings used by the various Divisions within GGI
- Provide input on rating and pricing of Liability risks
- Ensuring that Liability risks are written within the company’s risk appetite
- Monitoring and taking corrective action on badly performing risks
- Ensure that an acceptable loss ratio is maintained
- Maintain policy wording drafts and ensure that the product remains competitive with market offering
- Dealing with day to day queries and amendments to existing policies
- Providing underwriters in the different GGI Divisions with advice
- Maintaining and building good customer relationships internally
- Conducting product training to respective GGI Divisions, where relevant
- Provide input into building and designing various aspects of the products on a designated system
- Provide input and guidance on General Liability claims where required
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