South Africa

Administrator: IL Underwriting

Company Assupol Life
Reference # AIU
Published 01/11/2019
Contract Type Permanent
Salary Market Related
Location Menlyn, Gauteng, South Africa
To validate and assess low risk policies in order to manage risk for Assupol Group of Companies and to ensure effective and efficient new business and underwriting administration
Job Functions Administration
Industries Insurance
Duties & Responsibilities:
1.Validate, assess and accept low risk individual life policies
•Validate and assess policy applications and amendments according to policies and procedures:
oDoes application meet all the requirements set for the specific policy (apply the validation rules)
oAssess the application e.g. does the beneficiary make sense/ is there insurable interest/ is the cover within the limitation of liability
•Comply with legislation and ASISA protocols (TCF)
•Responsible for new business administration on low risk individual life policies e.g. meeting all the deadlines for acceptance of applications/ deciding on which applications should be dealt with, before moving on to others/ follow-up on outstanding requirements set
•Liaise with clients (i.e. policy holders, branch and sales staff) (TCF)
oFollow-up on outstanding requirements
oExplain to representatives and sales managers why certain requirements have been asked for
2.Assist with complaints resolution and compliance (TCF)
•Monitor the timeously resolution of complaints in accordance with the complaints resolutions policy
•Input into the complaints resolutions policy and procedure
3.Train staff
•Train new staff members (when appointed) on correct procedures and decisions
1. Formal Education
2. Legal/Technical Certification
•RE1 & RE 5 (advantage)
•60 or 120 credits on NQF level 4 (Depending on the date of appointment in the industry) (advantage)
•Underwriting certificate (advantage)
3. Experience
•6-12 months experience in long term insurance underwriting
•1-2 years administration experience
Job Closing Date 15/11/2019
Share on
Last Updated: 30-7-2020 []
Webserver: SkillsMap (NLBB)