227 Underwriter jobs in South Africa

We have an exciting opportunity for a Underwriter: Financial Lines within our Santam Casualty division.

To provide specialist underwriting knowledge in respect of the Financial Lines portfolio (which incorporates Directors and Officers, Crime and Civil Liability classes, including Commercial Crime, Trustees and Private Equity Management Liability insurance).

The key activities of a Financial Lines Underwriter are:

• Examine insurance proposal for new and renewal business, gathering and assessing background and supporting information and providing views and analysis on the risk/account.
• Attending to conducting necessary research, evaluating and assessing the risk (including but not limited to coverage analysis, pricing and structure) and discussing/negotiating risks with the broker in order to effectively win or renew the risk.
• Evaluate possible risk and determine appropriate insurance premiums using underwriting tools and practices, underwriting information and own judgement and experience.
• Quote within designated authority levels and refer the account where necessary in accordance with company policy and technical guidelines.
• Monitor portfolio performance and ensure that renewals, new business, lost business and cancellative reserve are tracked and actioned.
• Set accurate, realistic premium forecasts and draft financial reporting as required in a timely manner to enable management to set budgets and monitor performance targets for your own portfolio of accounts and as a contribution to the team portfolio.
• Be able to confidently articulate technical messaging and deliver training, as and when necessary, internally as well as to brokers and clients.
• Accurately enter data into company systems/portals and produce management reports that ensure that the company remains aware of the nature and financial impact of all risks written for your own portfolio, including (topline/bottom line), claim trends and other underwriting reporting metrics
• Essential to proficiently understand and apply policy wording to core underwriting concepts in order to assess risk accurately, structure coverage and ensure alignment with risk appetite.
• Maintain accurate electronic records for auditing and regulatory purposes.
• Proactively participate in projects or other initiatives designed to improve the effectiveness or efficiency of the department.
• Undertake any other reasonable tasks as requested by the Head or Manager in order that the team achieve its objectives.
• Adhere to and where possible, improve, all operational and procedural standards.
• Handle accounts queries and credit control queries to the satisfaction of all parties.

• Tertiary qualification a preference (LLB, B.Comm in Insurance, Finance, Accounting or Economics)
• NQF 7 insurance or risk management qualification.
• Admitted Attorney (essential requirement)
• Minimum of 3 years technical underwriting experience in the relevant line of business as an underwriter or Minimum of 7 years’ insurance industry experience of which a minimum of 3 years spent in a technical underwriting department.
• FAIS Compliance
• Competent user of Excel, Word, Outlook and other Microsoft platforms.
• Good understanding of insurance industry including the reinsurance market and the terminologies used.

• Critical thinking and analysis of complex risk
• Good technical understanding of policy wordings
• Able to evaluate information from a variety of sources and solve problems
• Good decision-making skills which includes being able to consider the costs and benefits of various options and recommend the appropriate one as part of the referral process (to management or the technical team).
• Good communication and interpersonal skills; comfortable with phone and face to face complex discussions with underwriters, brokers and any other relevant stakeholders.
• Good work ethic and deadline focused; able to work under pressure to meet tight deadlines and able to organise own workload effectively to prioritise and delegate to meet service standards.
• Operationally efficient including the ability to follow all process requirements.
• Solid Presentation skills which include being able to present informally and formally for training (internal and external), marketing and renewal purposes.
• Collaborates, develops and maintain relationships with brokers and clients at all relevant levels of their businesses.
• Liaise with brokers, clients and potential clients preparing quotes and negotiating terms as required, writing polices and specifying any conditions that should apply to policies.
• Client focus – building strong client relationships and delivering client centric solutions
• Drives results – consistently seizing opportunities and achieving results even under tough circumstances
• Flexibility and adaptability – rebounding from setbacks and adversity when facing difficult situations
• Cultivates Innovation – Creating new and better ways for the organisation to be successful
• Problem solving
• Ability to cope with conflicting demands and to prioritise tasks
• Developing and implementing strategy
• Ability to perform under pressure
• Enterprising and commercial thinking
• Leadership and influencing
• Respond to queries and resolve to the satisfaction of the affected parties within the scope of authority and / or responsibility.
• Agility and the ability to adapt to various situations including working under time constraints

Santam is an equal opportunities employer and is committed to Employment Equity.

We have an exciting opportunity for a Underwriter: Financial Lines within our Santam Casualty division.

To provide specialist underwriting knowledge in respect of the Financial Lines portfolio (which incorporates Directors and Officers, Crime and Civil Liability classes, including Commercial Crime, Trustees and Private Equity Management Liability insurance).

The key activities of a Financial Lines Underwriter are:

• Examine insurance proposal for new and renewal business, gathering and assessing background and supporting information and providing views and analysis on the risk/account.
• Attending to conducting necessary research, evaluating and assessing the risk (including but not limited to coverage analysis, pricing and structure) and discussing/negotiating risks with the broker in order to effectively win or renew the risk.
• Evaluate possible risk and determine appropriate insurance premiums using underwriting tools and practices, underwriting information and own judgement and experience.
• Quote within designated authority levels and refer the account where necessary in accordance with company policy and technical guidelines.
• Monitor portfolio performance and ensure that renewals, new business, lost business and cancellative reserve are tracked and actioned.
• Set accurate, realistic premium forecasts and draft financial reporting as required in a timely manner to enable management to set budgets and monitor performance targets for your own portfolio of accounts and as a contribution to the team portfolio.
• Be able to confidently articulate technical messaging and deliver training, as and when necessary, internally as well as to brokers and clients.
• Accurately enter data into company systems/portals and produce management reports that ensure that the company remains aware of the nature and financial impact of all risks written for your own portfolio, including (topline/bottom line), claim trends and other underwriting reporting metrics
• Essential to proficiently understand and apply policy wording to core underwriting concepts in order to assess risk accurately, structure coverage and ensure alignment with risk appetite.
• Maintain accurate electronic records for auditing and regulatory purposes.
• Proactively participate in projects or other initiatives designed to improve the effectiveness or efficiency of the department.
• Undertake any other reasonable tasks as requested by the Head or Manager in order that the team achieve its objectives.
• Adhere to and where possible, improve, all operational and procedural standards.
• Handle accounts queries and credit control queries to the satisfaction of all parties.

• Tertiary qualification a preference (LLB, B.Comm in Insurance, Finance, Accounting or Economics)
• NQF 7 insurance or risk management qualification.
• Admitted Attorney (essential requirement)
• Minimum of 3 years technical underwriting experience in the relevant line of business as an underwriter or Minimum of 7 years’ insurance industry experience of which a minimum of 3 years spent in a technical underwriting department.
• FAIS Compliance
• Competent user of Excel, Word, Outlook and other Microsoft platforms.
• Good understanding of insurance industry including the reinsurance market and the terminologies used.

• Critical thinking and analysis of complex risk
• Good technical understanding of policy wordings
• Able to evaluate information from a variety of sources and solve problems
• Good decision-making skills which includes being able to consider the costs and benefits of various options and recommend the appropriate one as part of the referral process (to management or the technical team).
• Good communication and interpersonal skills; comfortable with phone and face to face complex discussions with underwriters, brokers and any other relevant stakeholders.
• Good work ethic and deadline focused; able to work under pressure to meet tight deadlines and able to organise own workload effectively to prioritise and delegate to meet service standards.
• Operationally efficient including the ability to follow all process requirements.
• Solid Presentation skills which include being able to present informally and formally for training (internal and external), marketing and renewal purposes.
• Collaborates, develops and maintain relationships with brokers and clients at all relevant levels of their businesses.
• Liaise with brokers, clients and potential clients preparing quotes and negotiating terms as required, writing polices and specifying any conditions that should apply to policies.
• Visit brokers to discuss renewals and new business with a focus to build relationships and develop market presence.
• Client focus – building strong client relationships and delivering client centric solutions
• Drives results – consistently seizing opportunities and achieving results even under tough circumstances
• Flexibility and adaptability – rebounding from setbacks and adversity when facing difficult situations
• Cultivates Innovation – Creating new and better ways for the organisation to be successful
• Problem solving
• Ability to cope with conflicting demands and to prioritise tasks
• Developing and implementing strategy
• Ability to perform under pressure
• Enterprising and commercial thinking
• Leadership and influencing
• Respond to queries and resolve to the satisfaction of the affected parties within the scope of authority and / or responsibility.
• Agility and the ability to adapt to various situations including working under time constraints

Overview

What will you do? We have an exiting opportunity for a Underwriter: Financial Lines within our Santam Casualty division.

What will make you successful in this role?

To provide specialist underwriting knowledge in respect of the Financial Lines portfolio (which incorporates Directors and Officers, Crime and Civil Liability classes, including Commercial Crime, Trustees and Private Equity Management Liability insurance).

• Examine insurance proposal for new and renewal business, gathering and assessing background and supporting information and providing views and analysis on the risk/account.
• Attending to conducting necessary research, evaluating and assessing the risk (including but not limited to coverage analysis, pricing and structure) and discussing/negotiating risks with the broker in order to effectively win or renew the risk.
• Evaluate possible risk and determine appropriate insurance premiums using underwriting tools and practices, underwriting information and own judgement and experience.
• Quote within designated authority levels and refer the account where necessary in accordance with company policy and technical guidelines.
• Monitor portfolio performance and ensure that renewals, new business, lost business and cancellative reserve are tracked and actioned.
• Set accurate, realistic premium forecasts and draft financial reporting as required in a timely manner to enable management to set budgets and monitor performance targets for your own portfolio of accounts and as a contribution to the team portfolio.
• Be able to confidently articulate technical messaging and deliver training, as and when necessary, internally as well as to brokers and clients.
• Accurately enter data into company systems/portals and produce management reports that ensure that the company remains aware of the nature and financial impact of all risks written for your own portfolio, including (topline/bottom line), claim trends and other underwriting reporting metrics
• Essential to proficiently understand and apply policy wording to core underwriting comcepts in order to assess risk accurately, structure coverage and ensure alignment with risk appetite.
• Maintain accurate electronic records for auditing and regulatory purposes.
• Proactively participate in projects or other initiatives designed to improve the effectiveness or efficiency of the department.
• Undertake any other reasonable tasks as requested by the Head or Manager in order that the team achieve its objectives.
• Adhere to and where possible, improve, all operational and procedural standards.
• Handle accounts queries and credit control queries to the satisfaction of all parties.

• Tertiary qualification a preference (LLB, B.Comm in Insurance, Finance, Accounting or Economics)
• NQF 7 insurance or risk management qualification.
• Admitted Attorney (essential requirement)
• Minimum of 3 years technical underwriting experience in the relevant line of business as an underwriter or Minimum of 7 years’ insurance industry experience of which a minimum of 3 years spent in a technical underwriting department.
• FAIS Compliance
• RE5 qualification
• Competent user of Excel, Word, Outlook and other Microsoft platforms.
• Good understanding of insurance industry including the reinsurance market and the terminologies used.

• Critical thinking and analysis of complex risk
• Good technical understanding of policy wordings
• Able to evaluate information from a variety of sources and solve problems
• Good decision-making skills which includes being able to consider the costs and benefits of various options and recommend the appropriate one as part of the referral process (to management or the technical team).
• Good communication and interpersonal skills; comfortable with phone and face to face complex discussions with underwriters, brokers and any other relevant stakeholders.
• Good work ethic and deadline focused; able to work under pressure to meet tight deadlines and able to organise own workload effectively to prioritise and delegate to meet service standards.
• Operationally efficient including the ability to follow all process requirements.
• Solid Presentation skills which include being able to present informally and formally for training (internal and external), marketing and renewal purposes.
• Critical thinking and analysis of complex risk
• Good technical understanding of policy wordings
• Able to evaluate information from a variety of sources and solve problems
• Good decision-making skills which includes being able to consider the costs and benefits of various options and recommend the appropriate one as part of the referral process (to management or the technical team).
• Good communication and interpersonal skills; comfortable with phone and face to face complex discussions with underwriters, brokers and any other relevant stakeholders.
• Good work ethic and deadline focused; able to work under pressure to meet tight deadlines and able to organise own workload effectively to prioritise and delegate to meet service standards.
• Operationally efficient including the ability to follow all process requirements.
• Solid Presentation skills which include being able to present informally and formally for training (internal and external), marketing and renewal purposes.

• Collaborates, develops and maintain relationships with brokers and clients at all relevant levels of their businesses.
• Liaise with brokers, clients and potential clients preparing quotes and negotiating terms as required, writing polices and specifying any conditions that should apply to policies.
• Visit brokers to discuss renewals and new business with a focus to build relationships and develop market presence.
• Client focus – building strong client relationships and delivering client centric solutions
• Drives results – consistently seizing opportunities and achieving results even under tough circumstances
• Flexibility and adaptability – rebounding from setbacks and adversity when facing difficult situations
• Cultivates Innovation – Creating new and better ways for the organisation to be successful
• Problem solving
• Ability to cope with conflicting demands and to prioritise tasks
• Developing and implementing strategy
• Ability to perform under pressure
• Enterprising and commercial thinking
• Attention to detail
• Leadership and influencing
• Feedback on market intelligence.
• Respond to queries and resolve to the satisfaction of the affected parties within the scope of authority and / or responsibility.
• Agility and the ability to adapt to various situations including working under time constraints

What will you do?

Santam Casualty has a position available for a Financial Lines Underwriter who will be based in Corlett Drive, Illovo.

What will make you successful in this role?

To provide specialist underwriting knowledge in respect of the Financial Lines portfolio (which incorporates Directors and Officers, Crime and Civil Liability classes, including Commercial Crime, Trustees and Private Equity Management Liability insurance).

The key activities of a Financial Lines Underwriter are:

• Examine insurance proposal for new and renewal business, gathering and assessing background and supporting information and providing views and analysis on the risk/account.
• Attending to conducting necessary research, evaluating and assessing the risk (including but not limited to coverage analysis, pricing and structure) and discussing/negotiating risks with the broker in order to effectively win or renew the risk.
• Evaluate possible risk and determine appropriate insurance premiums using underwriting tools and practices, underwriting information and own judgement and experience.
• Quote within designated authority levels and refer the account where necessary in accordance with company policy and technical guidelines.
• Monitor portfolio performance and ensure that renewals, new business, lost business and cancellative reserve are tracked and actioned.
• Set accurate, realistic premium forecasts and draft financial reporting as required in a timely manner to enable management to set budgets and monitor performance targets for your own portfolio of accounts and as a contribution to the team portfolio.
• Be able to confidently articulate technical messaging and deliver training, as and when necessary, internally as well as to brokers and clients.
• Accurately enter data into company systems/portals and produce management reports that ensure that the company remains aware of the nature and financial impact of all risks written for your own portfolio, including (topline/bottom line), claim trends and other underwriting reporting metrics
• Essential to proficiently understand and apply policy wording to core underwriting comcepts in order to assess risk accurately, structure coverage and ensure alignment with risk appetite.
• Maintain accurate electronic records for auditing and regulatory purposes.
• Proactively participate in projects or other initiatives designed to improve the effectiveness or efficiency of the department.
• Undertake any other reasonable tasks as requested by the Head or Manager in order that the team achieve its objectives.
• Adhere to and where possible, improve, all operational and procedural standards.
• Handle accounts queries and credit control queries to the satisfaction of all parties.

Qualifications & Experience

• Tertiary qualification a preference (LLB, B.Comm in Insurance, Finance, Accounting or Economics)
• NQF 7 insurance or risk management qualification.
• Admitted Attorney (essential requirement)
• Minimum of 3 years technical underwriting experience in the relevant line of business as an underwriter or Minimum of 7 years' insurance industry experience of which a minimum of 3 years spent in a technical underwriting department.
• FAIS Compliance
• RE5 qualification
• Competent user of Excel, Word, Outlook and other Microsoft platforms.
• Good understanding of insurance industry including the reinsurance market and the terminologies used.

Knowledge & Skills

• Critical thinking and analysis of complex risk
• Good technical understanding of policy wordings
• Able to evaluate information from a variety of sources and solve problems
• Good decision-making skills which includes being able to consider the costs and benefits of various options and recommend the appropriate one as part of the referral process (to management or the technical team).
• Good communication and interpersonal skills; comfortable with phone and face to face complex discussions with underwriters, brokers and any other relevant stakeholders.
• Good work ethic and deadline focused; able to work under pressure to meet tight deadlines and able to organise own workload effectively to prioritise and delegate to meet service standards.
• Operationally efficient including the ability to follow all process requirements.
• Solid Presentation skills which include being able to present informally and formally for training (internal and external), marketing and renewal purposes.
• Intermediate to Advanced ability to assess financial statements of businesses across a broad spectrum of industries
• Intermediate to Advanced ability understanding of financials markets, macro-economic factors and emerging risks impacting Financial Lines Business Unit.
• Identification of financial, governance and fraud risks
• Research and assess risks utilising data outside of the financial statements (eg) SENS, social media, general news media)
• Good Understanding and assessment of financial statements of businesses across a broad spectrum of industries
• Short-term insurance knowledge including the principles of insurance and underwriting.
• Good knowledge of Financial Lines and financial lines products, covers and how to find solutions to complex issues relating to these covers.
• Risk and compliance related obligations in adherence to Group and Regulatory guidelines.
• Knowledge the products offered in Financial Lines would be an additional benefit.

Competencies

• Collaborates, develops and maintain relationships with brokers and clients at all relevant levels of their businesses.
• Liaise with brokers, clients and potential clients preparing quotes and negotiating terms as required, writing polices and specifying any conditions that should apply to policies.
• Visit brokers to discuss renewals and new business with a focus to build relationships and develop market presence.
• Client focus – building strong client relationships and delivering client centric solutions
• Drives results – consistently seizing opportunities and achieving results even under tough circumstances
• Flexibility and adaptability – rebounding from setbacks and adversity when facing difficult situations
• Cultivates Innovation – Creating new and better ways for the organisation to be successful
• Problem solving
• Ability to cope with conflicting demands and to prioritise tasks
• Developing and implementing strategy
• Ability to perform under pressure
• Enterprising and commercial thinking
• Attention to detail
• Leadership and influencing
• Feedback on market intelligence.
• Respond to queries and resolve to the satisfaction of the affected parties within the scope of authority and / or responsibility.
• Agility and the ability to adapt to various situations including working under time constraints

Overview

Hello… an exciting new opportunity has just become available in Hollard Insure , COE division. We are looking to recruit an Underwriter/Sales Consultant at Hollard Equipage , based in Gauteng .

• Sales and advice on Equine and Pet insurance policies.
• Enhance the image of the company through the continuous delivery of efficient and effective customer service.
• Marketing Hollard Equipage in Gauteng and on Social Media.
• Processing and inputting policies within the set standards required by the company thus contributing to the productivity of the division.

• Customer service: Maintain a high level of service to customers and brokers.
• Effective and timely communication: Communicate in a professional manner with internal and external parties and respond to queries within 24 hours.
• To execute the sales process with diligence and integrity.
• To communicate with potential customers in a skillful and knowledgeable manner.
• To optimise each lead allocated to the consultant.
• To use appropriate interpersonal styles and communication methods to gain acceptance of our products from potential customers.
• To accurately identify needs by asking effective questions and listening attentively.
• Match benefits accordingly and demonstrate how products satisfy the customers’ needs.
• To understand objections and overcome them with an appropriate response.

• Entry level

• Full-time

• Finance and Sales
• Industries: Insurance

Lexdan Select is assisting a boutique Engineering Insurance Agency with their search for an Engineering Underwriter, based in Johannesburg.

The salary range on offer is between R600k - R900k p/a.

• Analysis and understanding of technical documentation received and insurance terms and conditions
• Assessing the characteristics of the risk, in order to determine its consistency with the company's underwriting principles and applicable insurance terms and conditions
• Develop and maintain strong relationships with brokers and internal stakeholders
• Pro-actively liaise with relevant stakeholders when new business is underwritten

• The ideal candidate must possess either an engineering background with experience in engineering underwriting, or have extensive experience specifically in engineering underwriting.

• Associate
• Full-time

• Administrative
• Insurance

Process and underwrite new business/re-advance applications, partner new and pre-approved applications.

Handle SME funding applications and EFT applications.

Conduct full credit assessments of applicants.

Complete credit and reference checks.

Achieve performance targets and maintain performance standards.

Meet internal SLAs stipulated per product.

Manage accuracy, completeness, and turnaround times for deals.

Prepare documentation for Risk and Decline Appeal meetings.

3 - 5 years of underwriting and analysis experience.

Credit risk and/or credit underwriting experience in the financial services sector.

Matric.

Advanced Certificates/Diploma in Business/Finance/Accounting.

Advanced Excel skills.

Able to work under pressure in a fast-paced environment.

Adapt well to change.

Experience applying credit risk to inform decision-making.

Exceptional organizational and analytical skills.

Able to achieve performance targets and maintain performance standards.

High-level understanding of credit risk underwriting.

Able to prioritize tasks effectively.

Able to make recommendations based on analysis of application data.

Able to follow SOPs and ensure consistent decision-making.

Able to summarize findings concisely and clearly.

Able to multitask and work under pressure.

By applying for this position, you consent in terms of the Protection of Personal Information Act (POPI Act) to your personal information being obtained, utilized, and stored by the Company through reference checks, credit checks, and trace reports.

Should you not hear from us within 7 days, please consider your application unsuccessful.

Reference: CPT -AL-1
Company in Gauteng looking for an experienced Heavy Commercial Vehicle Underwriter to underwrite Transportation policies.

Requirements:

• 5 – 7 years experience with Heavy Commercial Vehicle underwriting
• Experience in working with HCV & GIT related products
• Proven track record of underwriting experience e.g. assessing exposure and underwriting levels
• Very good communication skills (both written & verbal)
• NQF Level 4: Short-Term Commercial Lines 60 Credits
• Successfully completed the RE 5 Examination Level 1

Responsibilities:

• Underwriting of new and renewal business on Heavy Commercial Vehicle and Goods in Transit risks
• Ensuring that risks are written within the company’s risk appetite and complies within the reinsurance treaties and internal mandates
• Monitoring and taking corrective action on badly performing risks
• Maintain an acceptable loss ratio
• Maintain policy wording drafts and ensure that the product remains competitive with market offering
• Dealing with day to day queries and amendments to existing policies
• Providing brokers with advice
• Maintaining and building good customer relationships with brokers
• Conducting product training to brokers
• Provide input into building and designing various aspects of the products on a designated system
• Provide comparisons between the competitors’ products

Please ensure your CV is in WORD or PDF format, and not scanned . Scanned CVs will not be considered. If you do not receive feedback within 3 days, please accept your application as unsuccessful. We will keep your CV on our database and match to other suitable positions.

PLEASE NOTE: We use Placement Partner to track and manage applications and can only accept online applications. If you are unable to apply through the link provided, please upload your CV to our website here .

Monthly

• Exposure to diverse portfolios that will keep you on your toes.
• A dynamic environment that values fresh ideas and proactive problem-solving.
• Real career progression opportunities within a supportive, energetic team.

• Evaluate, assess, and price risks across a range of commercial and specialist lines.
• Craft tailored underwriting solutions that balance profitability and client satisfaction.
• Manage renewals, endorsements, and new submissions with precision.
• Build and nurture strong broker and client relationships to drive growth.

• Education: Relevant insurance or risk qualification (FAIS compliance advantageous).
• Experience: 35 years underwriting experience in commercial or personal lines insurance .
• Skills: Proficiency in insurance systems and MS Office Suite.
• Excellent negotiation, analytical, and decision-making abilities.
• A confident communicator who thrives in a high-energy, performance-driven environment.