Underwriter

Position Summary

Harjai Technologies is looking for a seasoned Liability Underwriter well-versed in Commercial Underwriting within the UAE General Insurance sector. The ideal candidate will possess at least five years of hands-on underwriting experience in the UAE, with demonstrated expertise in assessing commercial liability exposures, setting policy pricing, and managing broker partnerships. The role demands robust underwriting judgment, deep technical knowledge, and a focus on sustaining a profitable portfolio.

Key Responsibilities

• Underwrite and oversee Commercial Liability insurance risks adhering strictly to corporate underwriting standards.
• Analyze and price new insurance applications as well as renewals.
• Evaluate risk levels associated with Public Liability, Product Liability, Professional Indemnity, Employers' Liability, and other Commercial Liability lines.
• Review detailed documentation including proposal forms, financial records, claims history, and pertinent underwriting data.
• Decide on policy specifics such as terms, conditions, exclusions, deductibles, and premium pricing.
• Create underwriting quotes and negotiate contract terms with brokers and intermediaries.
• Sustain and expand a lucrative commercial liability portfolio.
• Track portfolio outcomes and suggest remedial underwriting strategies as necessary.
• Work collaboratively with Claims, Reinsurance, Risk Engineering, and Business Development teams to ensure cohesiveness.
• Comply fully with UAE insurance laws and internal underwriting policies.
• Provide excellent customer service while achieving required turnaround times (TAT).

Required Skills and Experience

• At least five years of Liability Underwriting experience in the UAE General Insurance market.
• Thorough understanding of Commercial Liability products, including Public Liability, Product Liability, Professional Indemnity, Employers' Liability, and General Liability.
• Proven ability to underwrite both corporate and SME commercial risks.
• Strong grasp of underwriting fundamentals like risk evaluation, pricing mechanisms, and policy formulation.
• In-depth knowledge of the regulatory framework and market practices within the UAE insurance industry.
• Excellent analytical, negotiation, and critical decision-making capabilities.
• Capacity to cultivate and maintain robust relationships with brokers and business stakeholders.
• Proficiency in Microsoft Office suite and various insurance underwriting software systems.