Underwriter, Property and Casualty
Cayman First Insurance, Cayman Islands

ABOUT US

‘First’ is more than our name, it’s our nature. Cayman First is an industry-leading Property amp; Casualty insurer delivering best-in-class products and services to respond to the changing needs of individuals, households and businesses. Through our carefully selected network of agents and brokers, we provide protection for our customers today and prepare them for a brighter tomorrow. In June 2022, global credit rating agency AM Best affirmed the A- (Excellent) Financial Strength Rating of Cayman First Insurance and affiliate Bahamas First General Insurance. The outlook of these ratings is stable. The outlook of our credit ratings has also been deemed as stable. Our consistent rating demonstrates the long-term financial stability of the company and the larger group we are a part of.

PURPOSE OF JOB

As an Underwriter for our Property and Casualty Broker Unit, the successful candidate will liaise with brokers to maintain a positive relationship and help educate them on our products and services. They will be responsible for managing retention targets for renewals, underwriting risks, providing customer service to brokers including creating quotations and accurately adding and processing renewals while performing other administrative duties.

JOB RESPONSIBILITIES

• Creating and processing business quotations for motor, homeowner, commercial and all other property and casualty lines of business within authority limits.
  
• Business development activities such as cross selling insurance products to current and potential clients.
• Liaise with insurance brokers to educate them on our products and services.
• Collect payments and receipts from customers.
• Follow up with clients regarding any outstanding documentation, renewals, and payment in a timely and professional manner.
• Input of documentation on underwriting system for new business, renewals, and changes by way of endorsements etc.
• Renew policy(s) and process renewal documentation once instructions are received.
• The issuance of complete and accurate documentation e.g., Policy schedules and endorsements; payment plan agreement for Brokers
• Ensure that all work is completed and handed in for authorization within the predefined period.
• Perform other duties and responsibilities that may be assigned by Management from time to time.

Requirements

• Professional Accreditation as a Product Advisor and/or Certified Insurance Practitioner (Cert CII or its equivalent)
• Minimum of 3 years’ experience in the insurance industry with a minimum of 2 years’ Commercial Underwriting experience
• Strong ability to translate complex insurance policies and underwriting procedures to sell insurance to customers.
• Proven ability to learn company’s policies and underwriting procedures.
• Past work experience producing financial and underwriting reports.
• Experience using Microsoft suite and Insurance software.

Benefits

Cayman First offers a competitive compensation package with eligibility for a discretionary bonus, subsidized health insurance for employees and dependents, preferred home and motor insurance, a great company culture and work life balance. Compensation will be commensurate with experience and qualifications.

Job Rewards and Benefits