Underwriter / Risk Manager, Health Insurance at Casava Microinsurance Limited

What we are looking for:    

• We are seeking a skilled and experienced Underwriter/Risk Manager to join our dynamic team at Casava Health. 
• The ideal candidate will play a crucial role in assessing and managing risks associated with health insurance policies, ensuring profitability, and maintaining compliance with regulatory standards. 
• This individual will possess a deep understanding of underwriting principles, risk management strategies, and Nigeria’s health insurance industry.

KEY RESPONSIBILITIES:

Policy Underwriting:

• Evaluate health insurance applications, medical records, and other relevant information to determine the risks associated with insuring an individual or group.
• Analyze underwriting data to make informed decisions regarding coverage, premium rates, and policy terms.
• Collaborate with sales and marketing teams to develop competitive and market-responsive insurance products.

Risk Assessment:

• Conduct thorough risk assessments to identify potential risks and challenges associated with insuring specific individuals or groups.
• Utilize statistical models and data analysis to assess the financial impact of potential risks on the organization.
• Develop risk mitigation strategies to minimize the impact of adverse events.

Policy Review and Renewals:

• Review existing policies to ensure ongoing compliance with underwriting guidelines and regulatory requirements.
• Evaluate policy renewals, considering changes in risk factors, claims history, and other relevant information.
• Communicate with policyholders, brokers and other relevant stakeholders to address inquiries and provide information related to underwriting decisions.

Collaboration:

• Work closely with other departments, including claims, customer experience, provider networking, and legal, to ensure seamless communication and coordination in risk management efforts.
• Collaborate with external stakeholders, such as reinsurers and regulatory bodies, to stay informed about industry trends and compliance standards.

Compliance and Regulatory Adherence:

• Stay updated on industry regulations and ensure that underwriting practices align with legal and regulatory requirements.
• Implement changes to underwriting guidelines as needed to maintain compliance with evolving standards.

Job Requirements

The right candidate might have…

• Bachelor's degree in Business, Finance, Risk Management, Medicine, or a related field. Advanced degrees or industry certifications are a plus.
• Proven experience in underwriting and risk management within the health insurance industry.
• Strong analytical skills with the ability to interpret complex medical and non-medical data and make informed decisions.
• Excellent communication and interpersonal skills to effectively collaborate with internal and external stakeholders.
• Knowledge of healthcare industry trends, regulations, and emerging risks.
• Familiarity with underwriting software and data analysis tools.
• Detail-oriented with a focus on accuracy and precision in underwriting assessments.