Corporate Underwriter - Health Insurance

About the role

Old Mutual is looking for a Corporate Underwriter for its health business. The role evaluates and manages medical insurance risks in line with internal policies, regulatory guidelines and industry best practice, and uses data analytics and streamlined underwriting processes to build a profitable and innovative health insurance portfolio.

Key responsibilities

• Evaluate and assess medical risks for new and renewal business, applying experience-based underwriting discipline to build a quality corporate business book.
• Provide technical underwriting support to the sales and retention teams, resolve queries and ensure alignment with underwriting guidelines.
• Review policy documents so exposures are identified and closed in time, and help develop and improve existing products.
• Monitor product and scheme performance, identify trends and recommend improvements to profitability and customer value.
• Use advanced analytics tools such as machine learning and AI models for predictive modelling, claims forecasting, pricing optimisation and portfolio management.
• Support staff training and knowledge sharing on health products and underwriting processes.
• Ensure compliance with insurance regulations, including Treating Customers Fairly and the Data Protection Act, and with AML, sanctions and KYC requirements, including customer due diligence and escalation of suspicious activity to the Risk and Compliance Office.

Required profile

• University degree in Actuarial Science, Mathematics, Statistics or a business-related degree.
• Relevant professional insurance qualification (DipCII/ACII/FCII) or significant progress towards an actuarial qualification.
• 5 years of experience in medical insurance underwriting, product and research functions.
• NQF Level 5 certificate or equivalent.

Required skills

• Sound technical underwriting skills and extensive knowledge of corporate health products.
• Strong analytical, decision-making and problem-solving skills.
• Microsoft Office package.
• Regulatory compliance, risk management and underwriting management.