Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise the possibilities on our continent and beyond.
Short Term Insurance Underwriting (non-FAIS role), Personal Lines minimum 3 Years Experience, Analyze data to take the relevant Portfolio actions to manage the overall performance of the book
Job Description
Short Term Insurance Underwriting (non-FAIS role), Personal Lines minimum 3 Years Experience, Analyze data to take the relevant Portfolio actions to manage the overall performance of the book
Initiate change requests followed by system testing for implementation
Manage underwriting referrals Remediate unfavorable risks and multi-claimants by means of Portfolio Management
Analyze portfolios in terms of client and broker performance to achieve targeted loss ratios
Conduct thorough risk assessments of insurance applications and policies to determine coverage, terms, and conditions
Analyze and evaluate risk factors, including loss history, claims data, and other relevant information
Collaborate with binders to obtain additional information and clarify underwriting requirements
Monitor and manage an assigned portfolio of policies, reviewing renewal applications and assessing changes in risk
Collaborate with claims professionals to assess and analyze claims data, identify trends, and make underwriting adjustments accordingly
Provide guidance and support to junior underwriters, sharing knowledge and expertise to enhance overall team performance
Stay updated with industry trends, market conditions, and regulatory changes impacting the short-term insurance sector in South Africa
Conduct competitor analysis to assess market positioning, product offerings, and pricing strategies
Make recommendations to senior management regarding product development, pricing adjustments, and underwriting enhancements
Education
Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
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