Insurance Underwriter Full Time

• Experience: 1 – 4 Years
• Job Location: Abu Dhabi, United Arab Emirates
• Education: Bachelor of Commerce (Commerce), Bachelor of Business Administration (Management)
• Nationality: Any
• Gender: Any
• Vacancy: 1 Vacancy

Job Description:

Roles & Responsibilities:

As an Insurance Underwriter based in Abu Dhabi, UAE, you will be responsible for assessing insurance applications, determining coverage, and setting premiums. This role demands strong analytical skills, a deep understanding of insurance principles, and accurate risk assessment.

Key Responsibilities:

• Risk Assessment: Evaluate insurance applications, considering factors like applicant profiles, industry standards, and underwriting guidelines. Analyze supporting documents to determine coverage and premium rates.
• Policy Review: Ensure accuracy, completeness, and regulatory compliance of insurance policies and endorsements. Verify policy details, terms, and conditions in alignment with underwriting guidelines.
• Underwriting Guidelines: Adhere to established underwriting guidelines, policies, and procedures. Apply sound underwriting principles and make informed decisions regarding coverage and premiums.
• Customer Interaction: Communicate with clients, brokers, and stakeholders to gather additional information, clarify policy details, and provide explanations on underwriting decisions. Maintain positive relationships and deliver excellent customer service.
• Risk Mitigation: Identify potential risks and devise strategies for mitigation. Recommend risk control measures or policy modifications to minimize potential losses and enhance profitability.
• Market Research: Stay abreast of industry trends, regulatory changes, and emerging risks. Conduct market research and analysis to identify new opportunities and assess market competitiveness.
• Underwriting Documentation: Prepare underwriting reports, summaries, and related documentation. Maintain accurate records of underwriting decisions, policies, and correspondence.
• Compliance: Ensure compliance with insurance regulations, policies, and guidelines. Adhere to ethical standards and maintain confidentiality of sensitive information.

Desired Candidate Profile:

• Education: Bachelor’s degree in Business, Finance, Insurance, or related field.
• Certifications: Professional certifications in insurance or underwriting are advantageous.
• Experience: Proven experience as an Insurance Underwriter or in a similar role within the finance, banking, or insurance industry.
• Skills: Strong knowledge of insurance principles, underwriting practices, and risk assessment techniques. Excellent analytical skills, communication, and interpersonal abilities. Attention to detail, proficiency in underwriting software, and ability to work independently.

Company Industry: Consulting, Management Consulting, Advisory Services
Department / Functional Area: Insurance, Underwriting, Surveying, Actuary.

Tagged as: Insurance Underwriter