We are looking for a thorough Insurance Underwriter who can be responsible for evaluating and assessing the level of risk associated with insuring individuals or organization. As an insurance underwriter you must be able to set up rules which will result in securing an average proportion of good risks in order to keep average claims cost low and to enable the company to offer insurance at a lower net cost.
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• Study insurance proposals

• Analyse statistical information using specialist programmes
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• Review insurance applications and supporting documentation, such as medical records or financial statements, to determine eligibility for coverage.

• Calculate possible risk and decide on the premium - how much individuals or organisations should pay for insurance

• Decide whether the risk should be shared with a reinsurer

• Visit brokers or potential customers and prepare quotes

• Liaise with specialists, such as surveyors or doctors, for risk assessment, and develop good working relationships with brokers

• Negotiate and define precise insurance policy conditions with brokers or policyholders.

• Ensure that premiums are competitive and that accounts remain profitable
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• Communicate with clients to explain coverage options, premiums, and other relevant information related to their policies.

• Specify conditions to be imposed on different types of policies, for example, asking that a property owner install a security alarm

• Write policies and help with policy wording

• Keep detailed and accurate records of policies underwritten and decisions made.
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• Stay current with industry trends and regulatory changes to ensure compliance with laws and regulations

• Bachelor's degree in mathematics, statistics or related field

• Strong math and analytical skills are essential to complete job requirements successfully

• Professional listening and certification from intuitions such as Associate in Commercial Underwriting (AU) Chartered Life Underwriter certification (CLU) preferred

• Experience working with private and sensitive personal information

• Ability to multitask and work toward multiple deadlines simultaneously

• Interpersonal and customer service skills are required when meeting with and interviewing potential clients

• Strong computer skills and ability to use necessary software

• Confident in decision making and the ability to explain processes or choices as needed