Underwriter – Group Life at CIC Insurance



CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi

PURPOSE:

The job holder shall be responsible for analyzing and assessing the risk presented to the company through the proposals submitted and based on the underwriting guidelines provided by the company.

Primary Responsibilities:

  • Lead the Corporate Business Underwriting and Servicing Section;
  • Evaluate risks proposed and prescribe rates and terms commensurate with level of risk before acceptance as per Underwriting guidelines;
  •  Approve Policy endorsements;
  • Approve renewal invitations guided by the claims experience;
  • Ensure business retention ratio is achieved
  • Monthly Premium Reconciliation and preparation of quarterly intermediaries Account Statement;
  • Approve commission for agents and brokers as per authority limits;
  •  Approve premium refunds to customers;
  • Review and approve Policy documents and Renewal Endorsements;
  •  Review and approve Group Life quotations to intermediaries and clients;
  • Respond and attend to customer enquiries;
  • Prepare monthly business reports;
  •  Approve payments to Medical Service Providers;
  • Periodic review and update of the Underwriting Guidelines and Policy Documents

Person Specifications

Academic Qualifications

  • Bachelor’s Degree in Business or in a related field

Experience

  • Minimum (4) years’ relevant work experience

Professional Qualifications

  • CII, AIIK or LOMA – FLMI (Required)

Skills and Attributes

  • Excellent communication and presentation skills
  • Problem solving skills
  • Excellent interpersonal skills
  • Good negotiation skills
  • Good analytical skills Computer literate in MS Office and other office applications
  • Understanding of the working environment /competitors
  • Technical competence in insurance
  • In-depth knowledge of regulations by AKI and IRA


Submit your CV and Application on Company Website : Click Here

Closing Date : 11th June, 2021




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