Technical Underwriter

Minimum requirements

• A degree or diploma in Engineering (Civil, Mechanical, or Electrical) is preferred.
• Experience in engineering environments and knowledge of construction regulations, building codes, and technical risk factors are essential.
• At least three to five years of engineering insurance underwriting experience.
• Short Term Insurance (NQF 4) Certificate.
• RE 5 / RE 1 Completed.
• Class of Business (COB) Training Short-Term Insurance: Commercial Lines (required for technical/engineering underwriters).

Duties and responsibilities

• Risk analysis:
• Analyse engineering project documentation, including blueprints, specifications, and risk assessments, to identify potential hazards and assess the insurability of the project.

• Technical evaluation:
• Evaluate the technical aspects of engineering projects, such as structural integrity, design specifications, and compliance with building codes and industry standards.

• Policy development:
• Develop underwriting policies, guidelines, and rating models for engineering insurance products, considering factors such as project type, location, and risk profile.

• Market research:
• Conduct market research and analysis to identify emerging risks and opportunities within the engineering insurance market, providing input for product development and pricing strategies.

• Client engagement:
• Interact with clients, brokers, and industry professionals to understand their insurance needs and provide tailored solutions and risk management advice.

• Documentation and reporting:
• Maintain accurate records of underwriting decisions, policy terms, and client interactions, and prepare reports and presentations for senior management and regulatory authorities.

• Continuous learning:
• Stay abreast of industry developments, technological advancements, and regulatory changes affecting engineering insurance, participating in training programmes and professional development activities as needed.

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