Underwriter

Job description

At Coverlink, we provide top of the range insurance broking services across all classes of insurance.

We are seeking a detail-oriented and analytical Underwriter to join our dynamic team at. The Underwriter will be responsible for evaluating insurance applications, assessing risks, determining coverage terms, and pricing policies in alignment with company guidelines and regulatory requirements.

The ideal candidate will have strong decision-making skills, a solid understanding of underwriting principles, and the ability to build strong relationships with insurance companies and clients. The candidate will utilize these skills to ensure sound and profitable risk selection.

Key Responsibilities:

Evaluate insurance proposals by gathering and analyzing background information, collaborating with specialist colleagues to assess risks effectively
Identify and assess potential hazards, exposures, and mitigating factors.
Determine appropriate insurance premiums based on actuarial data, statistical analysis, and personal judgment within the delegated authority, making referrals in line with company guidelines.
Develop accurate premium forecasts and business plans promptly to facilitate precise budgeting and performance targets.
Provide training as needed for staff, brokers, and clients, and contribute to the growth of underwriting assistants.
Maintain precise records in both paper and electronic formats for auditing and regulatory compliance.
Participate proactively in departmental projects or initiatives aimed at enhancing efficiency and effectiveness.
Foster and maintain relationships with key insurance companies and clients across all relevant levels of their businesses.
Liaise with clients and potential clients to prepare quotes, negotiate terms, issue policies, and specify applicable conditions.
Share risk advisory insights with clients to support their business operations.

Requirements

Bachelor’s degree in Insurance, Economics, Actuarial Science, Business, Finance, or ACII.
Demonstrated experience as a general insurance underwriter or claims professional, with a minimum of 3 years in underwriting or claims.
Thorough understanding of insurance principles and terminology across various lines of business.
Proficient in underwriting policy construction and adept at interpreting underwriting files to identify necessary data.
Strong problem-solving skills, capable of evaluating information from diverse sources.
Sound decision-making abilities, considering costs and benefits to make informed choices.
Excellent communication and interpersonal skills, adept at engaging in discussions with insurance companies, customers, and technical colleagues.
Detail-oriented with high accuracy in work.
Effective workload management skills to meet service standards.
Agility and ability to work in a dynamic business environment.
Membership in the Insurance Institute of Zambia.