Santam Limited is the largest short-term insurer in South Africa, with a market share in excess of 22%, providing short-term insurance products through broker networks and direct sales channels. The company was established in 1918 and offers personal, commercial, and corporate insurance solutions. Santam is a subsidiary of Sanlam Limited and has been listed ...
The position calls for a person who will provide technical underwriting expertise to assist the Regional Manager and Relationship Managers in managing their broker relationships at both a strategic and operational level with a clear focus on growth, profitability and efficiency in line with the Broker Services and Santam Commercial and Personal objectives.
The Technical Manager provides technical underwriting support for the Relationship managers and enables quicker decision-making when engaging with our intermediaries for new business quotes on large risks, renewals and other technical queries.
Key Accountabilities
Provide technical underwriting expertise and advice for all Classes of Insurance.
Assist Relationship Managers in explaining complex underwriting principles and decisions to intermediaries.
Balance growth and profit when making decisions by considering the supporting business and regional strategy.
Analyse profitability of multi-claimants or renewal of individual policies and recommend corrective actions to Regional Managers and Relationship Managers.
Discuss proposed amendments to pricing models and new covers with Specialist Underwriters.
Manage: prepare (exception) complex and high value quotes and policy conversions.
When necessary, discuss and explain Risk Reduction Requirements (RRR) from survey reports and negotiate with brokers to obtain buy-in: escalate queries only if unable to resolve to Specialist Underwriters.
Build and maintain effective relationships with key stakeholders.
Ensure compliance with underwriting guidelines
Review new business written
Requirements
Qualifications
Grade 12 (Matric Certificate) qualification
Higher Certificate in Insurance or equivalent
Bachelor’s degree or relevant insurance related diploma (advantageous)
Driver’s licence (requirement)
FAIS compliance is a business requirement.
Regulatory Examinations (RE) qualification
Experience
3 - 5 years’ experience working in a commercial underwriting department assessing risks, determining pricing and terms across all classes of insurance (Property, Casualty and Motor)
Computer literate (MS Word, Excel and PowerPoint – intermediated proficiency levels)
Knowledge
Thorough Personal and Commercial Lines technical, product and wording knowledge
Working knowledge of Re-Insurance is and Motor Fleet underwriting
Skills
Analytical thinking - ability to analyse and apply information and data
Appreciation of insurance and underwriting principles
Business partnerships
Commercial and profit driven
Conceptual thinking
Curious about new developments and technologies and application to risk management
Excellent inter-personal skills
Execution and deadline oriented
Flexibility
Good communication skills (verbal and written)
Hunger for improvement
Impact & Influence
Information seeking
Innovation - innovative flair or ability to unlock this in business and people
Keen attention to detail
Negotiation skills
Planning and organising - ability to cope with conflicting demands and to prioritise tasks
20 Initiatives to Boost Employee EngagementAre you struggling with improving employee engagement at work? This article covers everything from better communication to building a strong workplace culture.
30 Common Interview Mistakes to AvoidThis piece examines 30 of the most common mistakes applicants make at interviews, so you know how to better avoid them.
Gmail
Yahoomail