Insurance Underwriter Trainee

Insurance underwriter trainee is a staff position working closely with other members of the underwriting department to become familiar with underwriting operations, policies and procedures. This position is involved in reviewing, appraising and recommending applications for insurance for acceptance, setting conditions for or to denying coverage. It is also involved in handling questions from agents and insured's received via telephone, mail or fax. Upon satisfactory completion of training, the insurance underwriter trainee will be eligible for underwriting position.
ESSENTIAL FUNCTION
> Under the direction and supervision of a supervisor or group leader, reviews applications for insurance coverage, reports from loss control consultants, and other information to determine if applications for insurance are acceptable risks.
> Learns to evaluate the experience of a risk against the class of business under review.
> Learns to evaluate loss potential due to catastrophe, severity and/or frequency.
> Learns to rate policies or reviews previously rated policies for proper rating.
> Learns to utilize knowledge of automated systems to develop information for new or renewal policies.
> Helps prepare quotations for agent and helps underwriter answer questions from agents, policyholder or prospects.
> Assists agents with comments or questions about applications and the likelihood of acceptance by the company.
> Reviews and processes requests for cancellation, endorsement, etc.
> Reviews policies for renewal consideration.
> Identifying product needs and working with others within the company to implement changes and revisions to meet those needs
MINIMUM REQUIREMENT
> OND/HND Degree in any field of study
> Familiarity with insurance
MODE OF APPLICATION
Interested Candidates/Applicants should forward a Copy of their CVs to the HR: [email protected] .
Only the shortlisted candidates will be contacted.