Donewell Insurance LTD

  • Accra
  • Donewell Insurance LTD
Job Description:

  • Donewell Insurance LTD is seeking to recruit Head of Underwriting.

    Job Summary

    • Support underwriters to review applications, establish appropriate screening protocols and develop new methodologies and models to assess the risk Donewell Insurance assumes in transacting business with clients.

    Duties and Responsibilities

    • Lead and manage the underwriting Department
    • Manage the underwriting process by analyzing risk presented in line with the company’s policies and risk appetite
    • Implement underwriting strategies and operational policies for various product lines
    • Ensure pre-loss surveys are conducted, regarding the limits agreed upon by the company
    • Assist branches and business units in preparation of competitive quotations and determine appropriate premiums and coverage
    • Oversee the review and approval process for decisions and recommendations related to complex risks
    • Define and establish procedures for application, risk acceptance or rejection, renewal and endorsements
    • Develop the underwriting team through periodic training, coaching and mentorship programmes
    • Ensure the department goals are achieved by developing and maintaining a profitable business
    • Articulate and implement robust risk management and governance around underwriting
    • Establish the platform to forecast risk and liability through reserving for decision-making
    • Submit periodic reports on the performance of various lines of business
    • Develop and implement best practices by adhering to guidelines from the regulator
    • Advice management on emerging trends in underwriting for effective decision-making

    Qualification Required & Experience

    • A good first degree in insurance/mathematics/statistics, Business Administration, Finance or Economics
    • Must have a professional certification from an insurance body (ACIL, ACIIG)
    • Must have worked in a similar role for a minimum of 10 years

    Location: Accra

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