Senior Underwriter: General Liability at Momentum Metropolitan Holdings Limited

Requirements

• Bachelor degree and/or equivalent NQF Level 7 qualification in general insurance
• FAIS Compliant
• Successfully completed the RE 5 Examination Level 1
• At least 5 years General Liability underwriting experience
• Claims experience in General Liability risks would be an advantage
• Proven track record of underwriting experience e.g. assessing exposure and underwriting levels
• Very good communication skills (both written & verbal)

Duties & Responsibilities

• Manage and understand the General Liability Treaty and its provisions
• Responsible for renewal of the General Liability Treaty and for providing all statistics and underwriting information required for renewal
• Ensuring that the Treaty meets the requirements of GGI and that any changes are clearly communicated to the various Divisions
• Seeking additional capacity in the international reinsurance market, where required
• Control the Liability risks ceded to the treaty by way of formal mandates to every Division
• Approve and sign off on risks outside of the Mandates of the respective Divisions
• Ensure compliance with the provisions of the General Liability Treaty, by vetting the General, Products, Motor Third Party and Umbrella Liability policy wordings used by the various Divisions within GGI
• Provide input on rating and pricing of Liability risks
• Ensuring that Liability risks are written within the company’s risk appetite
• Monitoring and taking corrective action on badly performing risks
• Ensure that an acceptable loss ratio is maintained
• Maintain policy wording drafts and ensure that the product remains competitive with market offering
• Dealing with day to day queries and amendments to existing policies
• Providing underwriters in the different GGI Divisions with advice
• Maintaining and building good customer relationships internally
• Conducting product training to respective GGI Divisions, where relevant
• Provide input into building and designing various aspects of the products on a designated system
• Provide input and guidance on General Liability claims where required