commercial underwriter

2 weeks ago


Pretoria, Gauteng, South Africa HR Genie Full time R300 000 - R600 000 per year


Our client is looking for a commercial underwriter that will be able to do the following:

Risk Assessment and Analysis:

  • Analyse and interpret data related to commercial risks, including property, liability, motor, engineering, and other short-term insurance lines.
  • Review applications, inspection reports, and financial statements to determine the degree of risk for potential clients.
  • Assess external factors affecting risk, such as economic trends, regulatory changes, and claims history.

Underwriting Decisions:

  • Make informed decisions about whether to accept or decline insurance applications.
  • Determine appropriate terms, coverage limits, premiums, and conditions for policies.
  • Negotiate terms and conditions with brokers and clients within delegated authority.

Portfolio Management:

  • Manage an assigned book of business, monitoring performance and profitability.
  • Regularly review the portfolio for adverse trends and take corrective action where necessary.
  • Renew existing policies and adjust terms based on updated risk evaluations.

Broker and Client Relationship Management:

  • Develop and maintain strong relationships with insurance brokers, agents, and direct clients.
  • Provide expert advice and guidance on insurance solutions, policy wording, and claims processes.
  • Deliver responsive, professional service to ensure high levels of broker and client satisfaction.
  • Conduct client and broker visits as required to deepen understanding of risks and business operations.

Compliance and Documentation:

  • Ensure all underwriting activities comply with company policies, regulatory requirements, and best practices.
  • Accurately document decisions, correspondence, and policy details in the underwriting system.
  • Participate in internal and external audits as required.

Product Development and Innovation:

  • Contribute to the development and refinement of insurance products by providing underwriting insights and suggestions.
  • Keep abreast of emerging risks, technologies, and trends in the commercial insurance market.
  • Participate in product launches and training sessions for brokers and clients.

Claims Collaboration:

  • Work closely with the claims department to understand loss trends and improve underwriting guidelines.
  • Assist in complex claim investigations where underwriting input is required.

Formal education: 

  • Matric
  • Regulatory Exam Level 1
  • NQF 5 in Short-Term Insurance
  • A minimum of five years of relevant commercial underwriting experience


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