Underwriting Executive at Guinea Insurance plc

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
9 months ago

Additional Details

Job ID
128513
Job Views
107

Job Description






Job Overview:




  • 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

  • Proven numeracy and statistical skills



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