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ASSISTANT UNDERWRITER – GIB
Madison General Insurance Kenya Limited, a subsidiary of Madison Group and a leading provider of general insurance products throughout Kenya, is recruiting for the above position.
Key Responsibilities
- Collect appropriate and accurate information required to assess potential clients and decide on the acceptable risk for a policy issuance.
- Review policy applications and renewals based on the previous loss experience.
- Evaluate policies with regards to the company’s underwriting standards.
- Make a decision to accept, modify or reject an insurance application after scrutiny of all the required documents and studies regarding the risk involved.
- Handle queries from credit control departments, intermediaries and clients
- Processing new businesses, renewals, endorsements as well as issuance of motor certificates, cover notes and yellow cards.
- Underwriting and processing work allocated from immediate supervisor and ensuring all debits are put through in the correct month to facilitate premium collection.
- Assisting clients in identifying our products that suits their needs in line with insurance principles.
- Prepare and issue cancellation notices in case of non-payment of premium.
- Preparation and issuance of renewal notices sixty dates before renewal date.
- Follow up renewals to ensure retention targets met
- Assist in claims handling requests.
- Preparation and issuing quotations.
- Liaising with intermediaries’ brokers and agents to solve any problems they may have and ensure efficient service delivery.
- Any other duties that may be allocated from time to time
Knowledge, Skills and Competencies Required
- Deep knowledge of underwriting regulations.
- Analytical thinker with research proficiencies.
- Ability to use reasonable and sound judgment.
- Strong problem-solving and decision-making skills.
- Solid organizational skills and detail-oriented.
- Ability to work under pressure and meet strict deadlines.
- Strong interpersonal and negotiation skills.
- Computer literate in MS Office and other office applications
- Ability to build positive relationships and partnerships with clients, brokers and key role-players
Academic/Professional Qualifications and Experience required
- Degree in Actuarial Science or Business-Related field.
- Good progress in professional qualification in insurance (IIK)
- 2 years’ experience in General Insurance Underwriting
Applications should be addressed to the Group Human Resources Manager, Madison Group Limited, Email: [email protected] so as to be received by Tuesday 18 th February, 2025.
