Life Underwriter

Job Summary

The Underwriter is responsible for assessing, evaluating, and underwriting risks for Life Protection applications in alignment with company underwriting guidelines, regulatory requirements, and market best practices. This role ensures that underwriting decisions support the company’s profitability, risk appetite, and customer value proposition.

The Underwriter collaborates closely with sales, operations and other teams to ensure that underwriting practices are consistent, data-driven, and responsive to evolving market and regulatory dynamics.

Note: Please note that the final position title, responsibilities, and level of appointment may be adjusted to reflect the successful candidate's qualifications, experience, and overall suitability for the role.

Main responsibilities

Risk assessment & underwriting

• Evaluate insurance applications, determining risk acceptability and appropriate terms.
• Apply underwriting guidelines to ensure sound risk selection.
• Review medical, occupational and financial information to assess risk profiles.

Policy Issuance & Documentation

• Ensure accurate and timely issuance of underwriting decisions.
• Maintain comprehensive records for audit and compliance purposes.

Market & Portfolio Analysis

• Support the development of underwriting strategies based on market insights and claims experience.

Regulatory Compliance

• Ensure underwriting practices are aligned with applicable insurance regulations, internal policies, and evolving regulatory expectations.
• Support internal audits and regulatory reviews with accurate documentation and reporting.

Cross-functional Collaboration

• Work with sales, operations and claims teams to align day-to-day operations and maximise customer service.
• Provide underwriting support to intermediaries and internal stakeholders.
• Participate in presentation and training sessions to intermediaries and internal stakeholders
• Be a liaison between intermediaries to address underwriting queries relating to their application portal.

Customer & Sales Distribution Engagement

• Communicate underwriting decisions clearly and professionally.
• Support relationship management by offering underwriting insights and solutions.

Performance Monitoring & Reporting

• Track underwriting KPIs such as medical statistics, turnaround times and approval rates.
• Contribute to continuous improvement initiatives through data analysis and feedback loops.

Accountabilities:

Accountable for the quality, consistency, and profitability of underwriting decisions.

Directly impacts the company’s risk exposure and financial performance through sound underwriting practices.

Supports regulatory compliance and enhances customer trust through transparent and fair underwriting processes.

Skills and Qualifications

• Education: Preference will be given to applicants with Certificate in Insurance or equivalent.
• Experience: Minimum 2 year in insurance underwriting. Preference will be given to experience to Life underwriting experience.
• Regulatory knowledge: Good understanding of local insurance regulations.
• Core competencies: Analytical thinking, attention to detail, decision-making, written and verbal communication in English.

Salary Bracket € 25K - € 30K

Benefits

+ Flexible working hours

+ Richmond Foundation Sessions

+ Gym in Premises

+ Birthday Leave

+ Health Insurance

+ Life Insurance

+ Personal Accident Insurance

+ Canteen Allowance

+ Transport Allowance

+ Longer Maternity / Paternal leave

+ Children Sick Leave

+ Pension Plan Incentive

+ Active Ageing Incentive

+ Study / Exam Leave

+ Sports and Cultural Leave

+ Sponsorship for Training

+ Canteen Facility

+ Medical Services

+ VDU Testing

+ Sta􀆯 Discounts

+ Performance Bonus

+ Compassionate Transfer of Leave Scheme