Underwriting Manager at Hollard Insurance

 Role Objectives

• To underwrite and price motor fleet risks, within developed and agreed guidelines and reinsurance limits, terms and conditions;
• Develop and maintain effective business relationships with intermediaries and clients in order to attract develop and retain profitable business.
• Perform various analytical tasks to fully review and assess motor fleet risks to ensure their company provides the right amount of cover or assistance.

Key Responsibilities

• Understand and comply with any reinsurance requirements to minimize risk and to deliver business plan objectives
• Establish, strengthen, and develop relationships with customers, brokers, business partners and colleagues to maximize influence and achieve business objectives
• Demonstrate an understanding and awareness of market dynamics and market cycle to enhance business performance
• Understand the internal underwriting processes and basic factors that affect the performance of an underwriting portfolio and how to monitor risk exposure
• Maintain expertise and team knowledge through identifying appropriate learning and development activities
• Participate in the review and analysis of the portfolio to identify progress toward business objectives
• Collect, review and analyse a client’ relevant claims history and risk profile
• Obtain additional information about the client to determine cover needs
• Determine the level of cover
• Offer recommendations on whether to accept or decline the risks
• Determine premium, limits, aggregate excesses, and deductibles
• Underwrite insurance risks in accordance with the business plan and the delegated underwriting authority/ mandate to meet business objectives
• Negotiating rates terms and conditions for existing and new business
• Issue policies and endorsement

Required Knowledge and Experience    

• At least 3 - 5 General Insurance experience
• Underwriting Motor Fleet business, exposure to Aggregate Excesses structures and Burner premium calculations would be advantageous.
• Motor Fleet specific underwriting and reinsurance knowledge
• Detailed understanding of the methods of rating as applied to motor fleet and/or non-motor business including the principal of claims triangulations
• Knowledge of POPIA requirements, specifically in respect of data security and management of customer information
• Intermediate/ advance level to use standard MS office products being Outlook, Excel, Word, and PowerPoint
• Qualitative and quantitative analysis skills
• Communication skills, including speaking and writing
• Customer service skills
• In-depth understanding of motor fleets
• Advanced knowledge of regulations and best practices of insurance industry

Educational Requirements    

• Fais & RE Compliant
• Bachelor’s degree in business, statistics, mathematics, economics, finance or LIISA, AIISA or FIISA qualification would be an advantage.

Deadline; 22nd February 2022