Underwriting Assistant at CIC Insurance

PURPOSE:

Reporting to the supervisor- policy administration, the underwriting assistant will evaluate, analyse and implement the terms applied on risks proposed so as to deliver the desired loss ratio and profitability.

PRIMARY RESPONSIBILITIES:

• Conduct preparation of debits, credits and policy document and contract issuance.
• Process premium refunds to customers
• Monitor and track liquidity of client fund accounts.
• Issue and approve quotations within specified limits.
• Promptly respond to customer/partner enquiries and feedback.
• Facilitate policy documentation process to achieve timely issuance of cover, debits, policy documents and endorsements.
• Manage renewal process to achieve the set turnaround time and retention.
• Co-ordinate endorsement and debiting activities to ensure quality and excellent customer service for assigned accounts
• Review existing risks, recommend and implement risk mitigation measures.
• Propose review of departmental business processes and systems to meet the changing business needs and client expectations.
• Conduct reconciliation of underwriting issues relating to claims, finance and other supporting functions.
• Propose cancellation and suspension of policies due to non-payment

Academic and Professional Requirements

Particulars    Detail    Specific Field or Qualification 

• Education    Bachelor’s Degree.    Bachelor’s degree in a related field.
• Professional Qualification    Insurance related or Actuarial professional qualification is an advantage

 Experience Required:

 Description    Required years of experience

• Minimum experience in similar role    1 year