Underwriter - Auto

About the role

AIG South Africa is looking for an Underwriter - Auto to identify and underwrite profitable auto accounts within underwriting authority, limits and guidelines set out by the Chief Underwriting Officer. The role also involves maintaining broker relationships, managing assigned accounts and ensuring compliance with underwriting guidelines, data integrity and appetite guidelines.

Key responsibilities

• Assist with the development of products, pricing, underwriting and risk segmentation strategies.
• Ensure renewal reviews follow Standard Operating Procedures to support profitability and growth targets.
• Decide on financial transactions within authority, including discounts, rates, accepting or declining business, declarations, endorsements and invoicing.
• Issue supporting documents such as placement slips, policy wordings and endorsements in line with policy requirements.
• Maintain, create and obtain sign-off on policy wordings with internal stakeholders.
• Investigate and resolve internal and external account queries.
• Develop budgets and strategies for premium growth, loss containment, profitability and retention.
• Ensure compliance with audit, regulatory and compliance requirements.

Required profile

• Minimum of 5 years of experience in commercial auto claims.
• Understanding of premium and program structures in the auto insurance sector.
• NQF level 5 or 6 or ACII qualification preferred; RE5 listed.
• Primarily in-office work, as AIG values in-person collaboration.

Required skills

• Insurance industry knowledge and regulations and codes.
• Business acumen, decision making and strategic planning.
• Relationship building and business development.