The Property Underwriter is responsible for evaluating, analyzing, and underwriting property insurance risks for commercial and/or personal lines of business. The role involves assessing risk exposures, determining appropriate coverage, pricing policies, ensuring profitability, and maintaining compliance with company underwriting guidelines and regulatory requirements.

Roles & Responsibility

Review and evaluate property insurance applications, submissions, and related documentation.
Assess property risks by analyzing factors such as occupancy, construction, protection systems, location, and exposure to natural catastrophes.
Determine coverage terms, policy conditions, exclusions, and premium rates based on risk characteristics.
Make underwriting decisions within delegated authority and refer complex cases to senior management when required.
Build and maintain strong relationships with insurance brokers, agents, and clients.
Negotiate coverage terms, conditions, and pricing.
Provide underwriting support and guidance on property insurance products.
Assist in developing business opportunities and retaining key accounts.
Review risk inspection reports and recommend loss prevention measures.
Collaborate with risk engineers and surveyors to improve risk quality.
Evaluate catastrophe exposures and accumulation risks.
Ensure underwriting activities comply with internal policies, regulatory requirements, and industry standards.
Maintain accurate underwriting documentation and records.
Prepare underwriting reports and portfolio performance analyses.

Required Qualifications & Experience

Bachelor's degree in Insurance, Risk Management, Business Administration, Finance, or a related field.
Professional insurance qualifications (e.g., CPCU, ACII, AU, or equivalent) preferred.
3–8 years of experience in property underwriting or commercial insurance underwriting working in the UAE.
Knowledge of regional insurance markets and regulatory requirements.
Strong analytical and risk assessment skills.
Knowledge of property insurance products and underwriting principles.
Negotiation and relationship management skills.
Excellent English & Arabic communication skills, both written and verbal.

Senior Property Underwriter