Underwriting Specialist - Health & Life

Hellenic Sun Insurance Brokers

Lahore , Pakistan

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Hellenic Sun Insurance Brokers is seeking a diligent Underwriting Specialist focusing on Health and Life insurance products. This role involves conducting comprehensive risk assessments, analyzing applicant information, and ensuring policies comply with underwriting guidelines and regulatory requirements. The specialist evaluates financial records, claims history, and market trends to establish premium rates and policy terms. The position requires collaboration with insurance underwriters, brokers, and other cross-functional teams to maintain accurate and efficient underwriting processes. Maintaining exceptional customer communication is essential, addressing inquiries and resolving issues for clients and agents. This position manages a small team of two individuals, overseeing their work to ensure consistent quality and compliance within the underwriting portfolio. The specialist will continuously monitor policy performance, adjust strategies to mitigate risk, and follow up on claims and premiums to support company profitability. Commitment to professional growth through ongoing insurance education, such as the ACII qualification, is highly encouraged to stay current with industry developments and regulatory changes.
Responsibilities

Conduct thorough risk assessments to determine policy eligibility and appropriate coverage limits for health and life insurance.
Analyze applicant data including financial records, claims histories, and market trends to evaluate risk and set premium rates.
Collaborate closely with insurance underwriters, brokers, and other stakeholders to gather information, negotiate terms, and guide underwriting decisions.
Review and interpret insurance policies to ensure compliance with company guidelines, industry regulations, and underwriting standards.
Stay informed on industry trends, regulatory changes, and market dynamics to make well-informed underwriting decisions.
Deliver excellent customer service by addressing inquiries promptly, resolving issues, and maintaining strong relationships with clients and agents.
Monitor and assess the performance of policies within the portfolio regularly; implement adjustments to reduce risk and improve profitability.
Coordinate with claims adjusters, underwriters, and other teams to maintain accurate and efficient underwriting and claims processes.
Follow up daily on claim progress and ensure adherence to appropriate claim procedures within insurance companies.
Monitor client premium payments and manage renewals to maintain continuous coverage and financial stability.
Prepare and submit weekly Recovery Reports in collaboration with the Assistant Accounts Manager.
Lead and manage a team of two underwriting specialists, providing guidance, oversight, and support to optimize team performance.
Pursue relevant professional development opportunities and insurance education, including ACII certification, to enhance expertise and compliance.