Underwriter at HRM Connection Ltd

Duties & Responsibilities

• Analyze and evaluate insurance applications to determine the risks of granting coverage.
• Determine the terms and conditions of insurance policies that meet the norms and requirements of our firms.
• Work with agents and brokers that policies are issued on time and efficiently.
• Examine and analyze data and reports in order to detect potential risks and make sound underwriting judgements.
• Respond to enquiries and concerns from agents, brokers, and policyholders with exceptional customer services.
• Maintain accurate underwriting records and documentation. Keep up with industry changes, laws and best practices.

Knowledge and Skills:

• An underwriter should have a thorough awareness of the insurance industry's underwriting standards, principles, and best practices.
• Knowledge of risk assessment, pricing, policy terms and conditions, and regulatory requirements are all required.
• Underwriters must be able to assess data and reports in order to detect potential risks and make informed underwriting choices.
• They should also be able to evaluate risks and decide suitable price and coverage levels using critical thinking abilities.
• Good communication and Interpersonal Skills
• Time Management and Organizational skills
• Attention to Detail
• Understanding of Industry Trends and Developments

Educational Qualifications and Experience:

• A bachelor's degree in Actuarial Science or BCOM
• Diploma in insurance
• Certificate in insurance-COP
• 5-6 years of experience as an insurance underwriter Strong analytical and critical thinking capabilities
• Exposure to general insurance, medical, motor.
• Business development/ sales in insurance is an added advantage.
• Excellent interpersonal and communication abilities
• Proficiency in Microsoft Office applications and other related software, as well as the ability to operate independently and in a team context
• Understanding of underwriting concepts, rules, and practices
• Understanding insurance policies and coverage alternatives