Assistant Underwriter
Allianz -
New Cairo, CairoPosted 4 months ago44Applicants for1 open position
- 1Viewed
- 0In Consideration
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Job Details
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Job Description
- Assist in evaluating new business and renewal submissions, including gathering and analyzing relevant data.
- Support the preparation of underwriting recommendations and proposals for decision-making.
- Ensure compliance with underwriting guidelines, company policies, and treaty."
- Review survey reports and other risk documentation to assess exposures and recommend risk improvements.
- Assist in calculating adequate premiums by analyzing property characteristics, loss history, and risk mitigation measures."
- Prepare policy documents, endorsements, and quotations as directed.
- Monitor and ensure accurate and timely issuance of insurance policies and endorsements."
- Maintain and update underwriting records, databases, and files.
- Analyze portfolio performance and provide insights on trends and areas of improvement."
- Communicate with brokers and clients to clarify risk details, gather required documentation, and answer general inquiries.
- Support the resolution of underwriting issues or discrepancies in collaboration with the team."
- Participate in training sessions and workshops to build underwriting and risk assessment skills.
- Stay updated on market trends, regulatory changes, and emerging risks in property insurance."
- Work closely with the senior underwriters to handle complex cases.
- Coordinate with other departments, such as claims, risk engineering, and reinsurance, as needed."
- Assist in reviewing and following up on risk improvement recommendations for insured properties.
- Collaborate with risk engineers to ensure compliance with underwriting standards and guidelines."
- Assist in ensuring adherence to treaty capacity and compliance with reinsurance guidelines.
- Liaise with reinsurers for facultative support, as needed."
- Prepare and submit periodic reports on underwriting activities and performance metrics."
Job Requirements
- Internship or 1–2 years in insurance underwriting or a related field is preferred.
- Bachelor’s degree in insurance, Business Administration, Risk Management, or a related field.
