Corporate Underwriter - Health Business

About the role

Old Mutual is looking for a Corporate Underwriter for its health business in Nairobi. 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, supporting sound underwriting decisions aligned with the company's underwriting philosophy.
• Build and maintain a quality corporate business book through experience-based underwriting discipline.
• Ensure underwriting practices comply with internal policies, regulatory standards and audit requirements, and help improve underwriting controls.
• Use advanced analytics tools such as machine learning and AI models for predictive modelling, claims forecasting, pricing optimisation and portfolio management.
• Work with the sales and retention teams to provide technical underwriting support and resolve queries.
• Review policy documents so exposures are identified and closed in time, and support the development and improvement of products.
• Monitor product and scheme performance, identify trends and recommend improvements to profitability and customer value.
• Identify efficiency and cost-improvement opportunities, support staff training and share knowledge on health products and underwriting.
• Ensure compliance with insurance regulations, including the Treating Customers Fairly and data protection requirements.
• Implement AML, sanctions and compliance policies, including KYC, ongoing and enhanced due diligence, and escalate 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.
• Strong Microsoft Office skills.

Required skills

• Sound technical underwriting skills and extensive knowledge of corporate health products.
• Strong analytical, decision-making and problem-solving skills.
• Ability to work with cross-functional teams and meet strict deadlines.