We are looking for an experienced Underwriting & Placements professional for our Property & Marine Insurance department. The ideal candidate will have a deep understanding of underwriting and placements for various types of insurance, including Fire Insurance, IAR, Property Insurance, Marine Insurance, and Liability Insurance.
Key Responsibilities:
- Underwriting of Property & Marine insurance policies, ensuring compliance with industry standards.
- Placement of insurance policies with brokers and clients, ensuring appropriate coverage and terms.
- Conducting risk assessments and determining policy premiums.
- Collaborating with clients and internal teams to assess coverage requirements.
- Reviewing policy documents and ensuring they are in line with regulatory guidelines.
- Maintaining relationships with brokers, insurance companies, and other stakeholders.
- Ensuring all placements are properly documented and processed.
- Staying updated on market trends, underwriting practices, and regulatory changes to provide optimal insurance solutions.
- Developing customized insurance programs to meet the unique needs of clients, balancing risk exposure and premium costs effectively.
Skills Requirements:
- 2 to 5 years of experience in underwriting and placements within the Insurance Industry (preferably in Property & Marine Insurance).
- Strong understanding of Fire Insurance, IAR, Property Insurance, Marine Insurance, Liability Insurance, and related products.
- Graduate or Post Graduate with a Broker Exam pass certificate.
- Strong communication, negotiation, and relationship-building skills.
- Knowledge of insurance regulations and compliance standards.