You will be responsible for implementing guidelines that ensure a balanced ratio of favorable risks, minimizing claim costs, and enabling the company to provide insurance at a competitive price.
Job Responsibilities;
Review insurance applications for compliance and adherence
Assess clients’ background information and financial status
Liaise with specialists to gather information and opinions
Weigh loss exposures and determine underwriting alternatives
Draw up quotes for competitive insurance premiums
Negotiate and define the specific terms of insurance policies with brokers or policyholders.
Keep detailed records of policies underwritten and decisions made
Balance between mass and homogeneity of risks to achieve predictability of future results
Develop and maintain a profitable book of business for the insurer
Follow applicable insurance laws
Requirements;
First degree in Insurance, Bus. Admin, Finance or related field
Professional certification in Chartered Institute of Insurance of Nigeria (CIIN) is an added advantage
Minimum of 4 years progressive work experience as an Insurance Underwriter.
Strong knowledge and skills in risk assessment and policy analysis.
Sensible judgement and attention to detail
Confident decision-making skills
Excellent knowledge of insurance policies and ability to relate policy provisions to the loss exposures