Job Vacancies at Bryte Insurance Company Limited

Key Tasks & Accountabilities

• Risk Assessment: Analyze and assess risks associated with marine insurance proposals, including cargo, hull, and marine liability.
• Policy Underwriting: Within delegated authority, review submissions, determine coverage, set premiums, and draft policy terms and conditions in line with company guidelines and regulatory requirements.
• Portfolio Management: Monitor and manage the performance of the allocated marine insurance portfolio, ensuring profitability, including credit control and compliance.
• Business Retention and New Business: Maintain and enhance broker relationships to renew existing portfolio and generate new business opportunities.
• Client Interaction: Liaise with brokers to gather information, negotiate terms, and provide expert advice on marine insurance products.
• Claims Support: Collaborate with claims teams to review and analyze claims, providing technical input and recommendations as required.
• Market Research: Stay updated on market trends, emerging risks, and regulatory changes affecting marine insurance.
• Documentation: Maintain accurate underwriting records, reports, and documentation for audit and compliance purposes.
• Team Collaboration: Work closely with team underwriters and others to share knowledge and best practices.

Qualification & Experience

• Matric/NQF level 4
• Insurance qualification/ Advanced diploma
• FAIS compliant
• 5 years Marine Insurance Experience
• Advanced competency in Marine Insurance underwriting
• Valid driver license

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Key Tasks & Accountabilities

• Risk Assessment: Analyze and assess risks associated with marine insurance proposals, including cargo, hull, and marine liability.
• Policy Underwriting: Within delegated authority, review submissions, determine coverage, set premiums, and draft policy terms and conditions in line with company guidelines and regulatory requirements.
• Portfolio Management: Monitor and manage the performance of the allocated marine insurance portfolio, ensuring profitability, including credit control and compliance.
• Business Retention and New Business: Maintain and enhance broker relationships to renew existing portfolio and generate new business opportunities.
• Client Interaction: Liaise with brokers to gather information, negotiate terms, and provide expert advice on marine insurance products.
• Claims Support: Collaborate with claims teams to review and analyze claims, providing technical input and recommendations as required.
• Market Research: Stay updated on market trends, emerging risks, and regulatory changes affecting marine insurance.
• Documentation: Maintain accurate underwriting records, reports, and documentation for audit and compliance purposes.
• Team Collaboration: Work closely with team underwriters and others to share knowledge and best practices.

Qualification & Experience

• Matric/NQF level 4
• Insurance qualification/ Advanced diploma
• FAIS compliant
• 5 years Marine Insurance Experience
• Advanced competency in Marine Insurance underwriting
• Valid driver license

go to method of application »

Key Tasks & Responsibilities

• Technical Advice: Providing technical insurance advice to ensure that technical and operational underwriting standards, procedures and controls are complied with.
• Risk Assessment: Analyse and assess risks associated with marine insurance proposals, including cargo, hull, and marine liability.
• Policy Underwriting: Within delegated authority, review submissions, determine coverage, set premiums, and draft policy terms and conditions in line with company guidelines and regulatory requirements.
• Portfolio Management: Monitor and manage the performance of the allocated marine insurance portfolio, ensuring profitability, including credit control and compliance.
• Business Retention and New Business: Maintain and enhance broker relationships to renew existing portfolio and generate new business opportunities.
• Client Interaction: Liaise with brokers to gather information, negotiate terms, and provide expert advice on marine insurance products.
• Claims Support: Collaborate with claims teams to review and analyze claims, providing technical input and recommendations as required.
• Market Interaction: Stay updated on market trends, emerging risks, and regulatory changes affecting marine insurance.
• Documentation: Maintain accurate underwriting records, reports, and documentation for audit and compliance purposes.
• Team Collaboration: Work closely with team underwriters and others to share knowledge and best practices.

Qualification & Experience

• Bachelor’s degree or equivalent experience
• Typically holds relevant professional designation
• At least 5-10 years’ experience as Subject Matter Expert
• Demonstrates advanced technical product knowledge and skills reflective of a seasoned practitioner who has progressed within underwriting positions of increasing responsibility; typically seen in six or more years of related experience. Has a high level of UW authority and involved in trade & Industry bodies for area of specialism
• Travel as required to support Distribution and customer groups
• Demonstrate language expertise relative to your business stakeholder/ customer base
• Comply with Industry Regulatory requirement, Company and Best Practice Underwriting Policies as well as local regulatory & industry requirements.