Expires 2 days from now
Non-Life Underwriter
Underwriting
full-time
| Assistant Executive - Executive
Lagos,
Lagos
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Job Summary
Assess insurance risks and ensure underwriting decisions align with company guidelines and regulatory requirements.
Job Details
- Preparation of quotations for customers/Agents.
- Processing of incoming mails as they come.
- Develop and maintain strong relationships and credibility with the sales force/agents/direct clients.
- Ensure that all underwriting records and files of clients are updated every time.
- Ensure issuance of certificates to clients as at within the SLA.
- Deliver policy documents within 48 hours.
- Ensure that Auto/Fire policies are done to survey/inspection team for pre-loss inspection /survey and risk improvement recommendations communicated to the insured.
- Prepare renewal notices 2 months before renewal and deliver to agents/clients within the assigned time.
- Ensure that any policy with a loss ratio above 70% is escalated to higher authorities.
- Ensure compliance with the KYC/CFT requirements of the company in respect of both new and renewal businesses.
- Ensure debit notes are issued and a receipt obtained in respect of all transactions within 48 hours.
- Acknowledge all emails and diarize for follow-up within 2 hours.
- Deliver endorsements in respect of all policy alterations and renewals.
- Other relevant skills that can be useful for the role.
Requirements
- B.sc / HND in Insurance, Business Administration or any related social Sciences or Art discipline.
- Minimum of 2 - 3 years experience in Non-life Underwriting or closely related role
- CIIN will be an added advantage.
Benefits
Thrive Professionally and Personally at AIICO Insurance Plc.
At AIICO Insurance Plc., we believe in fostering an environment where individuals excel, both personally and professionally. We offer a comprehensive employee value proposition designed to empower you, support your well-being, and fuel your career aspirations.
We offer:
Stress-Free Work-Life: Hybrid work schedules, competitive leave, and reliable transportation.
Holistic Wellbeing: Health & and wellness programs, and subsidized gym memberships.
Grow with Us: Sponsorship for professional certifications, coaching, learning and development opportunities, and more.
At AIICO, we recognize that our employees are our greatest asset. We are committed to fostering a supportive culture where you feel valued, respected, and empowered to achieve your full potential.
Join us and embark on a rewarding career journey that makes a difference.
About Company
AIICO Insurance Plc
AIICO Insurance Established in 1963, AIICO Insurance Plc (NSE Ticker: “AIICO”) is a financial services group with market-leading positions in its key business lines; Insurance, Health Maintenance and Asset Management. Background AIICO commenced operations in Nigeria in 1963 as an Agency office of American Life Insurance Company (“ALICO”) – at the time, a subsidiary of American International Group (“AIG”). The Company was incorporated, registered and licensed in Nigeria as American Life Insurance Company Limited – as a wholly owned subsidiary of ALICO/AIG – in 1970 – to offer Life and insurance services. The Company was renamed American International Insurance Company Limited (“AIICO”) upon the acquisition of a 60% stake by the Federal Government of Nigeria, and later listed on the Nigerian Stock Exchange in 1990, after which both shareholders – the Federal Government of Nigeria and AIG divested. 1. Life and general insurance are strategic business divisions within AIICO. 2. AIICO Capital Limited – a subsidiary of AIICO providing asset management services for AIICO and 3rd parties. 3. AIICO Multishield Limited – a leading health maintenance organisation. Following the insurance industry's consolidation in 2007, the Company acquired NFI Insurance PLC and Lamda Insurance Company Limited (both cumulatively accounting for less than 30% of AIICO's pre-acquisition gross premiums). The Company subsequently re-certified as both a General Insurance and Life Assurance Company – taking advantage of its legacy, brand, franchise and strong retail distribution network to grow a leading General Insurance business.