Underwriting Analyst, Risk Survey at Liberty Life

Key Responsibilities

• Risk assessment at insurance application for selected risks to determine their acceptability or otherwise and to guide underwriters on the exposure(s) inherent in the risk(s).
• Inspect property and machinery so as to assess the exposure to hazards and hence assist the underwriters maintain quality risks in our books.
• Collate and assess risk information on site, including capturing photographic evidence, estimating the nature, size and frequency of possible losses throughout the insured's entire operations etc.
• Prepare detailed reports, with risk recommendations and safety improvements to create a basis for reducing or completely eliminating risks.
• Compile data that influence the determination of premium rates to provide management with a basis for decision-making on measures to be taken and continuous reporting on changes in the basis for the estimation of risk.
• Develop safety programs compatible with the needs and resources of policyholders providing the best control methods (standards) for various exposures.
• Accompany underwriters on site visits to help with their training and development.
• Conduct safety programs to company staff by informing on safety standards and regulations.
• Advise clients on site on opportunities and savings on risk improvement programmes.
• Keep up to date with technical aspects affecting risks e.g. trade processes, legislation and hazardous material.
• Training on risk management to sales, underwriting and claims staff
• Process payment of external surveyors
• Embrace governance requirements with respect to KYC/AML/Data protection requirements per governing Acts.

Qualifications

• Bachelor's degree in engineering (Preferably Civil or Mechanical), Insurance or risk management course
• Insurance knowledge will be an added advantage

Experience

• At least 1 year experience in assignments incorporating risk management

Competencies ·

• Knowledge of insurance concepts
• Knowledge of underwriting processes and procedures
• Technical competence in underwriting insurance risks
• Knowledge of insurance regulatory requirements