Junior Underwriter - Engineering Lines andConstruction

Job Description:

Collect appropriate and accurate information required to assess potential clients and decide on the acceptable risk for a policy.

Review policy applications based on the previous loss records, age, medical report, credit ratings and driving records.

Prepare reports that detail risk assessment findings that contribute to the final decision.

Compare various policies having similar risk undertaking and conduct actuarial studies to decide on the company’s loss records.

Evaluate policies with regards to the company’s underwriting standards.

Make a decision to accept, modify or reject an insurance application after scrutiny of all the required documents and studies regarding the risk involved.

Analyze statistical data using specialized computer programs.

Write quotes, determine premiums and coverage, and negotiate terms with brokers and clients.

Carefully select the wording of policies, and prepare the terms and conditions.

Handle queries from credit control departments, brokers and clients.