Insurance Underwriter Professional

6 days ago


Johannesburg, Gauteng, South Africa Santam Insurance Full time
Job Description

The purpose of this role is to support Portfolio Admin & Outsourced Business with various tasks, including monthly processing of renewals for all Outsourced Business Binderholders.

Responsibilities
  1. Support Portfolio Admin & Outsourced Business with monthly processing of renewals for all Outsourced Business Binderholders.
  2. Manage renewal data cleansing and quality control, recommending and communicating data clean-up actions to Binderholders.
  3. Perform data modelling – enhancing and using current models, and conduct broker renewal performance analysis.
  4. Assist with renewal automation projects and enhance the UW segmentation model continuously.
  5. Apply Client Segmentation and apply differentiated renewal increases, ensuring alignment of renewal rules with rating changes and market forces.
  6. Identify performance and growth corrective actions, drive renewal implementation, and monitor results thereof.
  7. Conduct on-site renewal audits from time to time and prepare renewal reports for presentation to management.
  8. Analyse Outsourced Business Portfolios and present 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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