Underwriting Assistant job at Britam | Apply Now

Responsibilities:

• Assess the proposed risks within set standards.

• Review all insurance applications with medical –determine the profiles of risks presented to the company for insurance and assess their acceptability or otherwise.

• Maintain high standard level of customer service – responding to medical underwriting enquiries.

• Process endorsement requests with material changes to the insurance contract.

• Communicate with clients on the renewal terms.

• Liaise with intermediaries and direct clients on issues relating to their policies for various classes of business.

• Apply the credit control policy by ensuring that debit/credit notes raised are mailed and that they reach the clients/intermediaries within the shortest time possible.

• Underwriting of renewal business for Group life and Credit Life.

• Analyze the risks accepted and ensure risks are ceded properly.

• Ensure that all acceptances are protected by proper reinsurance arrangement on a back-to-back basis without any gaps in risks accepted and reinsurance protection availed.

• Obtain all necessary underwriting information required to place the risk in the local reinsurance market.

• Arranging proper reinsurance protection as and when required.

• Place reinsurance directly to the market or through the broker whether on facultative or any other basis depending on the need of the situation.

• Assist in the administration of the reinsurance program.

• Ensure timely submission of closing and accounting documents as well as for settlement of premium recovery of claims from reinsurers.

• Ensure accuracy of reinsurance contract with reference to original terms at which reinsurance is accepted.

• Maintain efficient communication lines between the company and brokers and other intermediaries.

• Prepare reinsurance underwriting and claims statistics on a regular basis and update the same at periodic intervals as per requirement.

• Review reinsurance payments/recoveries relating reinsurance premium, commissioning and claims.

• Premium adjustments and returns.

• Ensure prompt claims recovery.

• Liaise with intermediaries and direct clients on issues relating to their policies for Group Life, Credit Life and Sacco business.

• Apply the credit control policy by ensuring that debit/credit notes raised are mailed and that they reach the clients/intermediaries within the shortest time possible.

• Collate underwriting requirements and request for quotations.

• Discuss the Projections with Reinsurers and ask for quotes.

• Negotiate Treaty Terms.

• File treaties and other Reinsurance Arrangements with IRA.

• Update treaties in the insurance system.

• Facilitate facultative agreements for the identified risks.

• Underwriting of renewal business for Group life and Credit Life.

• Underwriting of New Group life and Credit Life Business.

• Underwriting of New Individual Life Business.

• Underwriting of Reinstatement Individual Life Business.

• Liaise internally with other members of the team to ensure effective and efficient execution of client’s requests.

• Delegated Authority: As per the approved Delegated Authority Matrix.