To monitor the clauses attached to any policies in order not to extend the company’s liability unnecessarily.
Preparing of motor and marine certificate
To ensure strict compliance with the company’s procedure with regards to renewal of all existing policies
Calculating possible risk and deciding how much individuals or organizations should pay for insurance (the premium).
Co-operate with other units for the success of operational matters.
Negotiating terms with policyholders
Specifying conditions to be imposed on different types of policies, for example, asking that a property owner install a security alarm.
Decline an application if the proposed insurance cannot be underwritten as an acceptable rate or does not meet underwriting guidelines.
Gather and assess background information, including reports and medical records from specialists where appropriate to effectively assess the risk involved.
Calculate possible risk and decide on the premium - how much individuals or organizations should pay for insurance.
Liaise with specialists, such as surveyors or doctors, for risk assessment, and develop good working relationships with brokers.
Ensure that premiums are competitive and that accounts remain profitable.
Keep detailed and accurate records of policies underwritten and decisions made.
REQUIREMENT:
Bsc/HND Insurance OR Actuarial science
Must have completed his or her NYSC on or before 2021