Underwriter at Kenya Reinsurance Corporation Limited (Kenya Re)

UNDERWRITER- KRC/HR/2022/01

The job holder is responsible for dealing with the analysis, evaluation,assessment and ascertaining the risks and accordingly accepting or declining the risk in our portfolio based on the company’s risks appetite, capacity reserves, and ability to pay such claims when they occur.

PRIMARY RESPONSIBILITIES

• Analysis, risk evaluation and quotation based on the statistics provided by the Broker/Cedant. Premium setting as per the analysis and evaluation
• of risk and making appropriate recommendations to the Departmental head in line with the Corporation’s Underwriting policy.
• Soliciting for new business negotiation of more shares from well performing portfolio through telephone calls, sending emails and market visits in our regions of operation these include Africa, Middle East and Asia.
• Providing market information, statistics as and when required before market visits.
• Communicate with our customers in a manner to ensure that they are satisfied with our services since the customer is King. Any dissatisfaction will lead to loss of business.
• Attend meetings of debt collection and make presentation of how much outstanding balances you have collected.
• Attend ISO meetings and make reports whenever they are required.
• Signing of treaty and facultative business contracts and sending them to the clients as per the contracts requirement.
• Calling for returns/closing from the cedants/brokers whenever they are due to facilitate booking and allocation of the same.
• Supervise filing of the contracts that have already been finalized.
• Oversee facultative analysis and acceptance.
• Monitoring the performance of Facultative Reinsurance and calling for outstanding balances from the Cedants/Brokers and ensure premium has been remitted before renewal of any risk.

THE PERSON

• Applicants should possess a Bachelor’s degree in Insurance or a businessrelated field from a recognized university. They should be holders of a diploma from the Chartered Insurance Institute (CIor its equivalent. 
• They should have three (3) years working experience in Insurance/ reinsurance and be members of a relevant professional body. In addition, they should have excellent interpersonal and communication skills, good organization skills, advanced skills in mathematics and statistics and be team players