Short Term Insurance Underwriter

1 week ago


Johannesburg, South Africa Ultra Personnel Full time

Matric
FETC (Further Education and Training Certificate) in Short Term Insurance NQF 4 (150 credits)
Successfully passed RE 5 (Representative Exam)
Computer Literacy on Word, Excel and Outlook
Sound knowledge and understanding of relevant short-term insurance policy wording (Multimark III and / or Personal Lines)
Minimum of two years relevant work experience as a short-term insurance Underwriter (Commercial Lines Products)
Liaises directly with Brokers, and not the client / policy holder
Attend to daily amendments to a clients existing cover, as well as processing monthly / annual renewals of policies forms part of the day to day responsibilities of an underwriter
The underwriter is responsible for accepting liability and setting the appropriate premium pricing for the insurance policy
Evaluate the risk of insuring a particular person / asset / building / business
General Underwriting
Endorsements and amendments to existing policies
Perform broker productivity on all brokers with outsourced or binder agreements
Attending to all Broker queries within prescribed SLAs and turn-around times
Action Renewals (monthly / annually)
Requesting Risk Surveys on new business and / or existing business upon renewal stage and consider all relevant Risk Requirements in order to make informed underwriting decisions
Processing Corrective action based on claims history
Process cancellations in accordance with internal operating procedures and time frames
Endeavor to retain business wherever there is a risk of losing a client
Providing quotes on existing policies upon a brokers request for the addition / removal of an item / asset
Request VAR surveys
Disciplined management of daily dairy system



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