Motor Underwriting Professional

1 week ago


Dubai, Dubai, United Arab Emirates Honor Insurance Brokers LLC Full time

About Honor Insurance Brokers LLC

Honor Insurance Brokers LLC provides specialized motor insurance solutions through its team of experienced professionals. Our mission is to deliver tailored coverage options that meet individual client needs and mitigate risks.

Job Responsibilities

  • Evaluate motor insurance applications to determine suitable coverage options based on risk assessment and client needs.
  • Analyze historical claims data using advanced data analytics tools to predict future risks and enhance underwriting accuracy.
  • Work closely with agents and brokers to gather necessary information for informed decision-making, ensuring effective communication throughout the process.
  • Stay up-to-date on industry trends, competitor offerings, and regulatory changes to inform underwriting strategies and best practices.
  • Negotiate terms and conditions of motor insurance contracts with clients, balancing risk with profitability and company objectives.
  • Review existing policies regularly to identify opportunities for renewal, adjustments, or improvements in coverage, maintaining existing relationships while exploring new business opportunities.
  • Develop and implement underwriting guidelines and policies that align with company goals and regulatory requirements, ensuring consistency and compliance.

Essential Skills and Qualifications

  • Bachelor's degree in finance, business, or a related field; advanced degrees or certifications in insurance underwriting are highly desirable.
  • Minimum 3-5 years of experience in motor underwriting or a closely related insurance field, demonstrating expertise and proficiency.
  • Able to work collaboratively as part of a team-oriented environment while being self-motivated and proactive, driving results and achieving goals.
  • In-depth understanding of the motor insurance landscape, including emerging trends and regulatory frameworks, to stay ahead in the field and drive innovation.
  • Detailed mindset with a commitment to accuracy in assessing risks and documenting underwriting decisions, ensuring quality and reliability.

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