COMMERCIAL UNDERWRITER

Description:

Our client is looking for a commercial underwriter that will be able to do the following:

Risk Assessment and Analysis:

• Analyse and interpret data related to commercial risks, including property, liability, motor, engineering, and other short-term insurance lines.
• Review applications, inspection reports, and financial statements to determine the degree of risk for potential clients.
• Assess external factors affecting risk, such as economic trends, regulatory changes, and claims history.

  Underwriting Decisions:

  • Make informed decisions about whether to accept or decline insurance applications.
  • Determine appropriate terms, coverage limits, premiums, and conditions for policies.
  • Negotiate terms and conditions with brokers and clients within delegated authority.

    Portfolio Management:

    • Manage an assigned book of business, monitoring performance and profitability.
    • Regularly review the portfolio for adverse trends and take corrective action where necessary.
    • Renew existing policies and adjust terms based on updated risk evaluations.

      Broker and Client Relationship Management:

      • Develop and maintain strong relationships with insurance brokers, agents, and direct clients.
      • Provide expert advice and guidance on insurance solutions, policy wording, and claims processes.
      • Deliver responsive, professional service to ensure high levels of broker and client satisfaction.
      • Conduct client and broker visits as required to deepen understanding of risks and business operations.

        Compliance and Documentation:

        • Ensure all underwriting activities comply with company policies, regulatory requirements, and best practices.
        • Accurately document decisions, correspondence, and policy details in the underwriting system.
        • Participate in internal and external audits as required.

          Product Development and Innovation:

          • Contribute to the development and refinement of insurance products by providing underwriting insights and suggestions.
          • Keep abreast of emerging risks, technologies, and trends in the commercial insurance market.
          • Participate in product launches and training sessions for brokers and clients.

            Claims Collaboration:

            • Work closely with the claims department to understand loss trends and improve underwriting guidelines.
            • Assist in complex claim investigations where underwriting input is required.