Insurance Risk Manager
5 days ago
Job Description
The Insurance Risk Manager role at Honor Insurance Brokers LLC involves analyzing motor insurance applications, assessing risk levels, and determining suitable coverage options tailored to individual client needs.
Main Accountabilities
- Analyze motor insurance applications to assess risk levels and determine suitable coverage options.
- Evaluate historical claims data using advanced analytics tools to predict future risks and enhance underwriting accuracy.
- Collaborate with agents and brokers to gather necessary information for decision-making and ensure seamless communication.
- Stay up-to-date on industry trends, competitor offerings, and regulatory changes to inform underwriting strategies and practices.
- Negotiate with clients concerning terms and conditions of motor insurance contracts, balancing risk with profitability.
- Conduct regular reviews of existing policies to identify opportunities for renewal, adjustments, or improvements in coverage.
- Develop and implement underwriting guidelines and policies that align with company objectives and regulatory requirements.
Essential Skills
- Bachelor's degree in finance, business, or a related field; advanced degrees or certifications in insurance underwriting are a plus.
- Minimum of 3-5 years of experience in motor underwriting or a closely related insurance field to demonstrate proficiency.
- Ability to work collaboratively in a team-oriented environment while also being self-motivated and proactive.
- A deep understanding of the motor insurance landscape, including emerging trends and regulatory frameworks, to stay ahead in the field.
- Detail-oriented mindset with a commitment to accuracy in assessing risks and documenting underwriting decisions.
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