Company: Trinidad and Tobago Insurance (TATIL)

Job Summary: The Motor Insurance underwriter decides if applications for motor insurance cover (risks) should be accepted and if so, what the terms of that acceptance will be. They assess a risk according to the likelihood of a claim being made by weighing up a number of factors and asking for detailed information from Customers, Producers, Brokers,  others.  The aim is to minimize losses for the company and help to make a profit.

Job Description:

• Provides superior quality service to internal and external customers.
• Underwrites New Business; Renewals and adjustments for Brokers without Binders, Producers and Customers.
• Underwrites Broker Binders and Agents Returns either weekly or monthly
• Processes Renewals for mail out six (6) weeks prior to expiry date
• Monitors Brokers and Producer Portfolios and makes recommendations when necessary
• Prepares experiences reports for potential customers from various sources and prepares ad hoc reports on existing customers.
• Prepares benefit comparisons for existing and potential customers.
• Recommends renewal and new business rates based on consideration of claims experience and other underwriting decision processes.
• Interacts with sales staff and other intergroup employees to obtain information to complete underwriting process.
• Review new business sales and renewals for variance from quoted parameters.
• Underwriting limit as per Limit of Authority.
• Determines loss ratios and appropriate claims expenses for customers.
• Ensures compliance with Central Bank guidelines regarding “Know Your Customer”, sources and declaration of funds.
• Performs any other related tasks/duties as required.

Qualification: A-Levels / Degree in Insurance or related area pertinent to the field of underwriting.

Experience: One (1) year experience in an insurance or financial environment