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AIICO Insurance Plc. commenced operations in 1963, and became a public liability company in 1989. In 1990, we got listed on the Nigerian Stock Exchange. AIICO Insurance Plc. is the largest Life Insurer in Nigeria. While our Stability, Strength, Security and Trust over the years have placed us at a better advantage in all classes of Life Assurance, our glo…
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Life Underwriting Officer
Job Summary
- Retail technical team is seeking to recruit a young, self-motivated, and talented staff to join the team.
- The successful candidate will assist the rest of the team to identify business’ needs and implement plans to actualize the organization’s goals.
Responsibilities
- Implement the process of analysing/assessing risks, with a view to, offering competitive terms, while ensuring commensurate premium for the risk exposure.
- Decrease value of policy when risk is substandard and specify applicable endorsements or apply rating to ensure safe profitable distribution of risks, using reference materials.
- Ensure that all aspects of the required medical standard are adhered to in terms of underwriting policies bearing the cost implications in mind.
- Ensure implementation of reviewed medical underwriting standard.
- Ensure the implementation of process improvements practices to promote increased quality of service to enable the underwriting team to meet and exceed expectations on process turnaround for new business transactions, renewal, endorsement transactions and inspection reviews.
- Implement reinsurance programs to meet standards of the company.
- Apply advised rates, policy terms, conditions, discounts, loadings and deductibles/excess and proffer risk management solutions and risk improvement measures where necessary.
- Deliver quality customer service by responding swiftly to queries and concerns from internal and external clients.
- Ensure that the required investigations and inspections are carried out by the team prior to underwriting.
- Ensuring compliance with various Service Levels Agreements (SLAs) by monitoring timely issuance and delivery of policy documents.
- Any other additional tasks that may be assigned as required by the business.
Requirements
- Proficient in the use of Microsoft applications and spreadsheet, Particularly Word, Excel, PowerPoint, and Project and InfoPath.
- Numerical accuracy and pay attention to details.
- Excellent inter-personal skills with ability to work unsupervised and as part of a team.
- Possess exceptional problem-solving skills i.e. analyse problems, find solutions and implementing them.
- Able to learn quickly and understand new techniques and ideas.
- Highly developed research and analytical skills with strategic thinking and planning.
Method of Application
Interested and qualified candidates should send their Resume to: arahman@aiicoplc.com using the Job Title as the subject of the mail.
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