Motor Underwriter
Full time
at Honor Insurance Brokers LLC
in
UAE
Posted on February 19, 2025
Job details
Job Description
- Analyze motor insurance applications to assess risk levels and determine appropriate coverage options tailored to individual client needs.
- Utilize advanced data analytics tools to evaluate historical claims data and predict future risks, enhancing underwriting accuracy.
- Collaborate closely with agents and brokers to gather necessary information for decision-making, ensuring a seamless communication process.
- Stay updated on industry trends, competitor offerings, and regulatory changes to inform underwriting strategies and practices.
- Engage in negotiations with clients concerning terms and conditions of motor insurance contracts, balancing risk with profitability.
- Conduct regular reviews of existing policies to identify opportunities for renewal, adjustments, or improvements in coverage.
- Develop and implement underwriting guidelines and policies that align with company objectives and regulatory requirements.
- Bachelor’s degree in finance, business, or a related field; advanced degrees or certifications in insurance underwriting are a plus.
- Minimum of 3-5 years of experience in motor underwriting or a closely related insurance field to demonstrate proficiency.
- Ability to work collaboratively in a team-oriented environment while also being self-motivated and proactive.
- A deep understanding of the motor insurance landscape, including emerging trends and regulatory frameworks, to stay ahead in the field.
- Detail-oriented mindset with a commitment to accuracy in assessing risks and documenting underwriting decisions.
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