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Technical Underwriter

4 months ago1559 views
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General Details
Advertised By:Agency
Company Name:Executive Placements
Job Type:Full-Time
Description
Minimum requirements:
  • A degree or diploma in Engineering (Civil, Mechanical, or Electrical) is preferred.
  • Experience in engineering environments and knowledge of construction regulations, building codes, and technical risk factors are essential.
  • At least three to five years of engineering insurance underwriting experience.
  • Short Term Insurance (NQF 4) Certificate.
  • RE 5 / RE 1 Completed.
  • Class of Business (COB) Training Short-Term Insurance: Commercial Lines (required for technical/engineering underwriters).

Duties and responsibilities:
  • Risk analysis:
    • Analyse engineering project documentation, including blueprints, specifications, and risk assessments, to identify potential hazards and assess the insurability of the project.
  • Technical evaluation:
    • Evaluate the technical aspects of engineering projects, such as structural integrity, design specifications, and compliance with building codes and industry standards.
  • Policy development:
    • Develop underwriting policies, guidelines, and rating models for engineering insurance products, considering factors such as project type, location, and risk profile.
  • Market research:
    • Conduct market research and analysis to identify emerging risks and opportunities within the engineering insurance market, providing input for product development and pricing strategies.
  • Client engagement:
    • Interact with clients, brokers, and industry professionals to understand their insurance needs and provide tailored solutions and risk management advice.
  • Documentation and reporting:
    • Maintain accurate records of underwriting decisions, policy terms, and client interactions, and prepare reports and presentations for senior management and regulatory authorities.
  • Continuous learning:
    • Stay abreast of industry developments, technological advancements, and regulatory changes affecting engineering insurance, participating in training programmes and professional development activities as needed.

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Executive Placements
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