Personal Lines Underwriting Analyst

6 days ago


Johannesburg, Gauteng, South Africa Santam Insurance Full time
Role Overview

The Personal Lines Underwriting team at Santam Insurance has a position available for an UNDERWRITING ANALYST who will be based in Hill on Empire, Parktown, Johannesburg.

Key Accountabilities
  • Monthly processing of renewals for all Outsourced Business Binderholders, ensuring timely completion and accuracy.
  • Manage renewal data cleansing and quality control, recommending and communicating data clean-up actions to Binderholders.
  • Enhance data modelling – using current models and perform broker renewal performance analysis, identifying areas for improvement.
  • Assist with renewal automation projects and continuous enhancement of the UW segmentation model.
  • Ensure alignment of renewal rules with rating changes and market forces, applying Client Segmentation and differentiated renewal increases.
  • Drive renewal implementation and monitor results thereof, conducting on-site renewal audits from time to time.
  • Prepare renewal reports for presentation to management and analyse Outsourced Business Portfolios, presenting findings and recommendations to relevant stakeholders.
Requirements
  • A degree in Insurance & Risk Management or Statistics or similar disciplines would be an advantage.
  • Expert knowledge in MS Excel including use of advanced excel formulas is required.
  • 2 to 3 years general insurance experience would be an advantage, as well as experience in working with large data sets.
  • Knowledge of data mining techniques and short term insurance pricing knowledge would be an advantage.


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