The insurance industry continues to evolve with new risks, changing customer demands, and an increasing need for sustainable growth. Organizations are therefore seeking highly capable professionals who can balance business development with prudent risk management. One such opportunity has opened for the position of Assistant Underwriter – Risk Pricing.
This role is central to ensuring that the company maintains profitability while safeguarding the interests of both its clients and stakeholders. Reporting to the Assistant Manager – Medical Risks, the Assistant Underwriter will contribute by assessing risk exposures, reviewing underwriting guidelines, and ensuring alignment with both internal standards and external regulatory requirements.
The position is designed for a professional who can combine analytical ability, technical understanding, and a commitment to client service. With responsibilities stretching from risk evaluation to product development support, this role represents a significant opportunity for career growth within a dynamic insurance environment.
Job Purpose
The Assistant Underwriter, Risk Pricing will provide insights that help to prudently evaluate, price, and prescribe the terms to apply on risks proposed. The role aims to deliver the desired loss ratio and overall profitability by applying sound underwriting principles, data-driven decision-making, and collaboration across departments.
Primary Responsibilities
The position comes with a wide scope of responsibilities intended to ensure that underwriting standards remain robust, business growth is supported, and customer satisfaction is achieved. The following duties outline the detailed job description for the role:
- Review the risks presented in the company to ensure they are within the set underwriting guidelines and are adequately covered under the reinsurance program. This involves evaluating proposals, interpreting data, and confirming alignment with policy frameworks.
- Support the preparation of reinsurance reports on a monthly basis to ensure timely collection of reinsurance claims. The role requires collaboration with both internal finance teams and external partners to maintain accuracy and efficiency in claims processes.
- Issue and approve quotations within specified limits. The Assistant Underwriter will exercise judgment within defined authority to provide clients with timely responses and ensure business retention.
- Review the monthly claims register, reserves, and outstanding claims. This responsibility is key to ensuring the accuracy of financial projections and to identifying patterns that may require corrective actions.
- Conduct medical underwriting reviews for retail proposals. Evaluations will include analyzing medical reports, interpreting risk indicators, and making recommendations that balance risk control with client acquisition.
- Provide input on product development and business innovation initiatives. The Assistant Underwriter will participate in continuous review of existing products to ensure they remain competitive, responsive to market changes, and profitable.
- Prepare analytical reports on business trends, portfolio loss ratio, and schemes of interest. The purpose is to ensure the portfolio remains profitable and that any adverse performance is corrected in a timely manner through actionable recommendations.
- Manage the renewal process to achieve the set turnaround time and retention rates. The role requires efficiency in reviewing existing policies, engaging with clients, and ensuring renewals are aligned with risk guidelines.
- Coordinate pricing activities to ensure quality and excellent customer service. This includes standardizing approaches, maintaining consistency across teams, and ensuring that service delivery timelines are met.
- Review existing risks, recommend, and implement risk mitigation measures. The Assistant Underwriter will continuously assess the effectiveness of controls and make proactive adjustments where necessary.
- Undertake medical underwriting for all retail proposal forms. This involves detailed assessment of documentation, risk stratification, and provision of recommendations that align with underwriting policies.
- Propose regular updates to the underwriting guidelines in line with emerging trends and best practices. The role requires awareness of industry shifts, competitor approaches, and global standards in order to recommend improvements that maintain the company’s competitive edge.
Key Skills, Knowledge, Experience, and Behavioural Competencies
The role requires strong analytical skills, sound judgment, effective communication abilities, and a keen understanding of both medical and financial aspects of underwriting.
Academic and Professional Requirements
- Education: Bachelor’s degree in a related field.
- Professional Qualification: Insurance-related or Actuarial professional qualification is considered an advantage.
Experience Required
- A minimum of two years’ experience in a similar role.
Special Position Requirements
- The role holder may be required to travel to distant branches or wherever the company has any interest.
- Extended working hours may occasionally be necessary to ensure that jobs are completed on schedule and to specification.
Application Process
Candidates who meet the above requirements and are ready to take up the responsibilities outlined are encouraged to apply strictly through the company’s career portal:
Applicants must clearly indicate the position being applied for. The application deadline is September 11, 2025, and only shortlisted candidates will be contacted. Those who do not hear from the company by October 31, 2025, should consider their application unsuccessful.
This advert is open to both internal and external candidates.
