JOB TITLE: ASSOCIATE UNDERWRITER – MEDICAL INSURANCE

LOCATION: NAIROBI

INDUSTRY: INSURANCE BROKERAGE

Job Description:

We are looking for a skilled and experienced Medical Insurance Underwriter to join our team. The ideal candidate will have a strong background in underwriting within an insurance brokerage firm, with at least five years of experience in the Kenyan insurance market. This role requires a keen eye for detail and an in-depth understanding of local insurance regulations and practices.

Key Responsibilities:

· Risk Assessment: Evaluate medical insurance applications to determine risk levels, coverage eligibility, and premium rates.

· Policy Underwriting: Develop and implement underwriting guidelines, establish premiums, and set policy terms for individual and group medical insurance products.

· Client Engagement: Work closely with insurance brokers to negotiate policy terms, ensuring client satisfaction while maintaining the company's profitability.

· Regulatory Compliance: Ensure all underwriting activities comply with Kenyan insurance regulations and company policies.

· Data Analysis: Utilize actuarial data and statistical tools to support underwriting decisions.

· Documentation: Maintain comprehensive records of underwriting decisions, client communications, and risk assessments.

· Collaboration: Collaborate with internal teams such as sales, claims, and customer service to achieve company objectives.

Qualifications:

· Experience: At least 5 years of experience in medical insurance underwriting, specifically within an insurance brokerage firm.

· Education:

o Bachelor’s degree in insurance, finance, business, or a related field.

o Must possess valid insurance certifications (e.g., AIIK, CIIK).

· Skills:

o Strong analytical and decision-making skills.

o Excellent communication and negotiation abilities.

o Deep knowledge of Kenyan medical insurance products and underwriting standards.

o Proficiency in using underwriting software and analyzing actuarial data.

o Attention to detail and excellent organizational skills.

Application Process:

Qualified candidates are encouraged to submit their resume and a cover letter outlining their experience and qualifications to careers@orchidhr.co.ke by 17th September 2024.