Description:
JOB DESCRIPTIONRate development
Develop a rating guide - including pricing for new products, analysis of risk, scenario modelling, claims history to ensure profitability of the portfolio. Assess the viability of current and new products by subjecting to actuarial modelling. Analyse claims and premiums which provide input into underwriting pricing and risk management. Report trends as input to budgeting and premiums development. Conduct scenario modelling for reinsurance and capital requirements. Monitor pricing to ensure its competitiveness and viability in the market. Monitor global re-insurance trends and understand their impact on the SA market. Utilise modern underwriting software and data analytics to enhance accuracy and efficiency. Re-insurance Strategy Effectiveness
Ensure adequate cover for a catastrophe e.g. large claims and/or accumulation of claims. Collaborate with the actuarial department and re- insurers to optimise coverage and reinsurance cost. Evaluate the coverage provided by re-insurance policies during claim events. Analyse the cost-benefit ratio of re-insurance strategies. Prepare renewals for treaty. Undertake facultative underwriting if needed. Monitor on an on-going basis the ratings of re-insurance companies. Formulate companys re-insurance strategy. Meet with re-insurers and discuss their concerns regarding the profitability of this segment of company portfolio. Underwriting Function
Develop and review terms and conditions of products annually. Deal with unprofitable corporate accounts and come with innovative ways to implement underwriting measures to lower or eliminate the losses without cancelling the cover for the clients. Management of Underwriting Profit. Oversee technical issues queries, client visits, technical support to agent insurers, underwriting managers and brokers. Product development to meet the needs of corporate and commercial clients. Establishment of technical underwriting function: Managing the deviations of underwriting Managing the companys underwriting guidelines Managing underwriting portfolio Training
Assume responsibility for provision of technical underwriting related training on behalf of company: Oversee the process of education through various platforms on company products to agent insurers, underwriting managers and brokers, ensuring comprehensive understanding of companys role in the market (Including national road shows). Sign off on training material (manuals & presentations). Develop exam questions to ensure comprehensive understanding of company products by all stakeholders that sell and administer
19 Sep 2025;
from:
gumtree.co.za