Applies underwriting and risk selection techniques to determine the acceptability of new and renewal insurance risks.
Responds to inquiries from distribution channels regarding underwriting processes and decisions, interpretation of policy forms and coverages, and premium levels.
Conducts re-underwriting programs for selected intermediaries to improve the profitability of their book of business.
Receive and review new business proposals, endorsements and renewals within authorized underwriting limits
Assess, evaluate and price risk using risk modelling techniques and prescribed underwriting guidelines
Gather, prepare and present monthly management reports on underwriting, operating costs, underwriting exposures and loss ratio
Analyzes, evaluates, and classifies the assigned applications working with inspection reports and financial statements to aid in determining risk acceptability. The underwriter will determine the appropriate rates, and counsels with agents and/or potential insured for risk modification in order to make the risk acceptable.
Provide first point of contact for escalation of any internal / external queries
Approves policies within defined authority limits
Liaise and interface with other verticals in the department to update on business
Liaise with reinsurance and claims for service delivery issues
Assist in providing an accurate, high quality and speedy underwriting service that builds customer relations and credibility
Provide quotes to brokers / third parties / customers based on risk price analyses with the consultation of Seniors.
Escalate customer issues and concerns where the timely resolution is not being achieved in light of the laid out policy and turnaround time.
Qualifications:
Graduate degree preferably in Science, Insurance, Risk management, Business, Law.
Insurance certification from any accredited institute is preferable.
8 years of underwriting experience.
Proven ability in underwriting, organizing workload under pressure.
