About the Company
Leadway Assurance Company Limited is one of Nigeria’s foremost and most reliable insurance service providers, with a rich history spanning over five decades. We are committed to delivering innovative and customer-centric insurance solutions across various sectors, including life, general business, and investment. At Leadway, we foster a culture of excellence, integrity, and continuous growth, empowering our employees to achieve their full potential while serving our diverse client base.
Job Description
We are seeking a highly motivated and detail-oriented Insurance Underwriter to join our dynamic team in Ikoyi, Lagos. The successful candidate will be responsible for evaluating, analyzing, and assessing risks associated with various insurance applications to determine policy terms, premium rates, and coverage limits. This role requires strong analytical skills, sound judgment, and excellent communication abilities to effectively collaborate with agents, brokers, and clients. You will play a crucial role in ensuring the profitability and stability of our underwriting portfolio while upholding our commitment to exceptional service.
Key Responsibilities
- Evaluate insurance applications, policy renewals, and endorsements for various lines of business.
- Assess risk factors by reviewing financial data, medical reports, property inspections, and other relevant information.
- Determine appropriate premium rates, policy terms, and coverage limits in accordance with company guidelines and regulatory requirements.
- Collaborate with sales agents, brokers, and clients to gather necessary information and clarify policy specifics.
- Process policy changes, cancellations, and renewals efficiently.
- Maintain accurate and organized underwriting files and documentation.
- Stay updated on industry trends, market conditions, and regulatory changes affecting the insurance sector.
- Contribute to the development and refinement of underwriting guidelines and procedures.
- Provide expert advice and support to internal and external stakeholders on underwriting matters.
Required Skills
- Strong analytical and critical thinking skills.
- Excellent risk assessment and decision-making abilities.
- Proficiency in insurance underwriting principles and practices.
- Exceptional written and verbal communication skills.
- Attention to detail and accuracy.
- Ability to work independently and as part of a team.
- Proficiency in Microsoft Office Suite (Word, Excel, Outlook).
Preferred Qualifications
- Professional certification in insurance (e.g., ACII, AIB, FLMI).
- Experience with insurance underwriting software and systems.
- Knowledge of local insurance market dynamics and regulations.
- Strong negotiation and persuasion skills.
Perks & Benefits
- Competitive salary and performance-based bonuses.
- Comprehensive health insurance coverage.
- Pension scheme.
- Opportunities for professional development and career advancement.
- Employee wellness programs.
- Conducive work environment in a prime Lagos location.