Roles and Responsibilities:
- Execute policy administration and file management by maintaining policy transactions, billing, renewals, and terminations using system applications and standardized forms to ensure accurate documentation and efficient processing.
- Develop and maintain reinsurance requests for new and renewed business by compiling necessary documentation and coordinating with relevant stakeholders to secure appropriate risk coverage.
- Prepare and formalize insurance documentation by generating quotations, premium receipts, and policy documents, ensuring proper authorization, signature, and filing for record-keeping and compliance.
- Support sales teams and brokers by handling client correspondence, provide technical assistance, and prepare sales performance reports to optimize business development and client satisfaction.
- Implement pricing guidelines and classification standards by following the approved pricing lists, discount structures, and group pricing tools to ensure fairness and profitability in risk assessment.
- Maintain accurate underwriting data and IT systems by ensuring complete risk information is recorded, testing system enhancements, and updating electronic records to support operational accuracy and reporting.
- Implement group underwriting requirements by adhering to referral protocols, segmentation rules, and compliance frameworks to ensure alignment with corporate policies and best practices.
- Conduct risk assessment and underwriting governance by evaluating claims history, policy terms, and acceptance criteria to ensure adherence to underwriting guidelines and risk appetite.
- Ensure policy issuance quality control by verifying that terms and conditions are accurately reflected, issuing policies in a timely manner, and complying with regulatory requirements to uphold service excellence and governance standards.
Pre-requisites (Education, Professional Experience):
- 1 3 years of experience in the insurance industry, with a preference for underwriting.
- Bachelor's degree in business administration, Finance, Economics, or a related field
- Professional certifications in underwriting (e.g., CII, CPCU, or equivalent) are an advantage
