Job Description, Responsibilities & Requirements
About the Position
We are seeking an Insurance Underwriter to assess risk factors and establish coverage terms, ensuring low claims costs and competitive insurance offerings.
Responsibilities
- Review insurance applications for compliance and adherence
- Assess clients’ background information and financial status
- Liaise with specialists to gather information and opinions
- Evaluate loss exposures and determine underwriting alternatives
- Draft quotes for competitive insurance premiums
- Negotiate and define the specific terms of insurance policies with brokers or policyholders
- Maintain 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
- Proven insurance underwriting experience
- Hands-on experience with “smart systems”, analytical tools, and statistical packages (spreadsheets, SPSS, databases, etc.)
- Sensible judgment and attention to detail
- Confident decision-making skills
- Excellent knowledge of insurance policies and ability to relate policy provisions to loss exposures
- Proven numeracy and statistical skills
- Insurance diploma or certification
- BS in Business Administration, Finance, or related field
We Offer
- Competitive salary
- Opportunity for professional growth
- Collaborative work environment
About the Company
[Company description if present]