Senior Underwriter: General Liability

6 days ago


Johannesburg, South Africa Momentum Metropolitan Holdings Limited Full time
Job title : Senior Underwriter: General Liability Job Location : Gauteng, Johannesburg Deadline : January 04, 2025 Quick Recommended Links
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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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