Key Responsibilities:
- Risk Assessment: Evaluate and assess the risk profile of potential clients, policies, and products, using data and statistical analysis to inform underwriting decisions.
- Underwriting Guidelines: Develop, implement, and maintain underwriting guidelines, procedures, and standards for microinsurance products.
- Policy Development: Collaborate with the product development team to design and develop new microinsurance products and features.
- Premium Rating: Determine premium rates for microinsurance products, based on risk assessment and actuarial analysis.
- Claims Review: Review and assess claims, ensuring that they are valid and meet policy terms and conditions.
- Data Analysis: Analyze data and statistics to identify trends, patterns, and areas for improvement in underwriting and risk management.
- Regulatory Compliance: Ensure that underwriting practices and procedures comply with relevant regulations and industry standards.
- Training and Development: Provide training and support to underwriting staff, agents, and brokers on microinsurance products and underwriting guidelines.
Requirements:
- Bachelor’s degree in Actuarial Science, Insurance, or a related field
- Professional certification (e.g., ACIIN)
- Strong analytical and problem-solving skills
- Excellent communication and interpersonal skills
- Ability to work in a fast-paced environment and meet deadlines
- Proficiency in Microsoft Office and underwriting software