Agriculture Reinsurance Underwriter

Job description

Job Specification:

Position Title: Agriculture Reinsurance Underwriter (1)

Location: Lusaka, Zambia

Reports to: Head of Underwriting

About Klapton Reinsurance Limited

Klapton Reinsurance Limited is a leading African reinsurance company committed to providing innovative risk solutions and exceptional service to our clients across Africa and Asia. We specialize in developing cutting-edge agricultural reinsurance products that support food security and rural economic development across emerging markets.

Position Overview

We are seeking a highly skilled  Agriculture Reinsurance Underwriter to lead our agriculture portfolio across Africa and Asia. This role requires deep expertise in traditional and parametric agricultural insurance products, with a focus on developing innovative solutions for climate risk management in smallholder and commercial agriculture.

Key Responsibilities

Core Underwriting Functions

Risk Assessment & Portfolio Management: Evaluate and underwrite complex agricultural reinsurance risks across diverse African and Asian markets, including traditional indemnity, parametric, and index-based insurance products.
Advanced Product Development: Design and implement innovative agricultural reinsurance solutions including:
– Weather index insurance/Parametric-index       based products
– Area yield insurance programs
– Multi-peril crop insurance (MPCI) covers
– Traditional Livestock mortality and index          based Live-stock insurance
Treaty & Facultative Management: Structure and negotiate both proportional and non-proportional reinsurance treaties, facultative placements, and hybrid arrangements
Relationship Management & Business Development
Client Partnership: Build and maintain strategic relationships with cedants, brokers, and agricultural stakeholders across target markets
Market Development: Actively promote Klapton Re’s agricultural capacity and meet annual premium income targets as established by management
Technical Consultation: Provide expert guidance to cedants on agricultural risk assessment, product design, and portfolio optimization
Operational Excellence
Documentation & Compliance: Ensure all underwriting activities comply with regulatory requirements across multiple jurisdictions
Performance Monitoring: Track portfolio performance using advanced analytics, including basis risk assessment for parametric products
Reporting: Prepare comprehensive quarterly and annual reports on portfolio performance, market trends, and emerging risks
Innovation & Knowledge Leadership
Research & Development: Stay current with agricultural technology trends, climate science, and parametric insurance innovations
Training & Mentorship: Develop junior underwriting staff and share expertise with regional teams
Market Intelligence: Monitor global agricultural trends, climate patterns, and regulatory developments affecting agricultural insurance

Required Qualifications

Education & Professional Credentials

Bachelor’s Degree in Agricultural Science, Agricultural Economics, Insurance, Actuarial Science, or related field from a recognized university
Professional Certifications:
– DCII (Diploma Chartered Insurance Institute) required
– Additional certifications in agricultural risk management or parametric insurance advantageous

Experience Requirements

Minimum 5+ years of agricultural insurance or reinsurance underwriting experience
Demonstrated expertise in at least two of the following:
– Traditional agricultural insurance underwriting
– Parametric/index-based insurance products
– Weather derivatives and risk modeling
– Emerging markets agricultural systems
– Climate risk assessment and modeling