Emerging Customers Underwriter
Job Description
An Emerging Customers Underwriter would focus on developing and assessing insurance solutions tailored for customers in underserved or emerging markets. This role requires a balance of risk evaluation and innovative product development to ensure coverage is accessible to new segments, such as low-income individuals, small businesses, or customers in developing areas. Here’s a sample job description:
Job Summary:
The Emerging Customers Underwriter will evaluate, develop, and underwrite insurance solutions for underserved or high-growth markets. This role is crucial in supporting the company’s mission to expand affordable, accessible insurance products. The underwriter will collaborate with cross-functional teams to assess risk, design underwriting guidelines, and identify innovative strategies that make insurance viable for emerging customer segments.
Key Responsibilities:
Risk Assessment:Evaluate risks for potential and current policyholders in underserved markets, including individuals, small businesses, and low-income communities.
Product Development Support:Work closely with product development teams to design new insurance products that meet the unique needs of emerging customers.
Underwriting Guidelines:Develop and implement underwriting criteria and pricing guidelines tailored to underserved customer segments.
Data Analysis:Utilize data and emerging technologies to assess risk profiles, monitor claims, and improve underwriting efficiency for non-traditional markets.
Collaboration with Stakeholders:Partner with marketing, sales, and claims departments to ensure alignment of product offerings, distribution channels, and customer service.
Regulatory Compliance:Ensure underwriting practices adhere to relevant regulations and industry standards.
Market Research:Conduct research on emerging trends, customer needs, and economic factors impacting emerging markets.
Customer Education & Support:Help design resources to improve financial literacy and understanding of insurance benefits within emerging customer segments.
Skills
Requirements: Bachelor’s degree in finance, business, actuarial science, or a related field. 3+ years of underwriting experience (Property, General Accidents, Health, or Life), ideally with exposure to high-growth or underserved markets. Strong analytical skills, with an ability to interpret data and make informed risk decisions. Knowledge of risk management and pricing strategies for emerging markets. Ability to work collaboratively with cross-functional teams. Familiarity with regulatory requirements for insurance products.
Job Location Cairo, Egypt Job Role Accounting/Banking/Finance Years of Experience Min: 0 Max: 3
