Job Purpose:
Providing assistance to the General Manager – Health
in implementing the Underwriting & Retention philosophy
Key responsibilities:
Implement underwriting philosophy, strategy, process,
and guidelines for medical insurance business to ensure profitability and
achievement of the set loss ratio targets.
Analyse proposed risks and make decisions to accept
or reject.
Determine the rates and terms to charge, assist in
the Rating for large and moderate risks.
Ensure risk survey recommendations are communicated
in time and follow up implementation.
Ensure compliance to the company credit policy.
Manage company records and ensure proper filing of
client information both manual and electronic
Delegated Authority: As per the approved Delegated
Authority Matrix
Perform any other duties as may be assigned from time to time.
Build and manage relationships with brokers, agents,
and other intermediaries.
Monitor market trends and competitor activities to
stay informed about industry developments and Stay updated on changes in
laws and regulations that may affect client retention efforts.
Work closely with sales, marketing, actuarial, and
claims departments to align underwriting and retention strategies with
business goals.
Proactively manage the policy renewal process to
ensure timely renewals and minimize lapses in coverage.
Review and negotiate renewal terms and conditions
with clients to retain their business.
Develop and implement strategies to improve client
retention rates.
Knowledge, experience and qualifications required:
Bachelor’s degree (insurance option preferred).
Professional qualification in Insurance (ACII or
IIK).
6-8 years’ experience in medical underwriting.
Proven experience in managing and nurturing client
relationships.
Track record of achieving client satisfaction and
retention targets.
Technical/ Functional competencies:
Knowledge of insurance regulatory requirements.
Knowledge of insurance products.
Inter Personal,Relationship and Customer Relation
Skills.
How To Apply
