Personal Lines Underwriter - Bedfordview
2024-10-14 - 2024-11-13
Permanent
CPT002680
Insurance
The main purpose of the underwriting department is to evaluate the risk of insuring a particular person/asset/building/business. The underwriter is responsible for accepting liability and setting the appropriate premium pricing for the insurance policy. The underwriter would furthermore decline unfavorable risks in accordance with the prescribed underwriting guidelines and policy wording. Doing daily amendments to a client's existing cover, as well as processing monthly/annual renewals of policies forms part of the day-to-day responsibilities of an underwriter.
Requirements:Endorsements/Amendments on existing policiesPerform broker productivity on all brokers with outsourced/binder agreementsAttending to all Broker queries within prescribed SLA's and turn-around timesAction Renewals (monthly/annually)Requesting VAR Surveys on new business and/or existing business upon renewal stage and consider all relevant Risk Requirements in order to make informed underwriting decisionsProcessing Corrective action based on claims historyProcess cancellations in accordance with internal operating procedures and time framesEndeavor to retain business wherever there is a risk of losing a clientProviding quotes on existing policies upon a broker's request for the addition/removal of an item/assetDisciplined management of daily diary systemQualifications:MatricFETC (Further Education & Training Certificate) in Short Term Insurance – NQF 4 (150 credits) – highly advantageousComputer literate – Microsoft Word, Excel, and Outlook.Exposure to, or work experience on the TIAL Operating System (System A) – highly advantageousSound knowledge and understanding of relevant short term insurance policy wording (Multimark III and/or Personal Lines)Minimum one year relevant work experience in short term insurance underwriting (Personal Lines products)Please note only shortlisted candidates will be contacted.
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