Underwriting Assistant - Energy

Job Summary

Zurich is one of the world’s leading insurance groups, and one of the few to operate on a global basis. Our mission is to help our customers understand and protect themselves from risk.  With around 55,000 employees serving customers in more than 215 countries and territories, we aspire to become the best global insurer as measured by our shareholders, customers, and employees. We help individuals, small and medium sized companies and global corporations around the world understand and protect themselves from risk by offering a wide range of insurance products, solutions, and advisory services.

Commercial Insurance, Middle East is looking for Underwriting Assistant in the Energy team supporting day-to-day underwriting operations and the growth of the portfolio.

Job Accountabilities

As Underwriting Assistant in our Energy line of business, your role will involve:

• Assist Underwriters in reviewing insurance applications, verifying data accuracy, and assessing risk factors.
• Prepare and process insurance policies, endorsements and renewals, ensuring accuracy and adherence to established guidelines.
• Maintain an activity log that would enable the tracking of account statuses, providing timely updates that is critical for monthly management reports.
• Collaborate with Underwriters analyse the quality and quantity of risks associated with underwritten policies.
• Prepare detailed reports to assist in the decision-making process and assess loss potential, making recommendations for appropriate coverage and premium rates.
• Maintain accurate and up-to-date underwriting records, including policy documentation, endorsements and related correspondence.
• Communicate with agents, brokers and internal stakeholders to obtain missing information, clarify policy details and address inquiries or concerns.
• Assist in the preparation of underwriting reports, summaries, and presentations to support decision-making and provide insights on underwriting performance.
• Stay updated on industry regulations, policy changes, and market conditions that may impact underwriting decisions and processes.
• Provide administrative support to the underwriting team, including data entry, file management, and document preparation.
• Collaborate with cross-functional teams, such as claims and finance, to ensure smooth and efficient underwriting processes.

Job Qualifications

To be successful in this role, you will need:

• Bachelor's degree (or equivalent) in Business, Finance, Insurance, or a related field is preferred. Relevant work experience may be considered in lieu of a degree.
• Knowledge of Insurance principles, policies and industry practices is advantageous.
• Strong analytical skills, with ability to review and evaluate complex information accurately and efficiently.
• Excellent attention to detail, with a focus on data accuracy and quality assurance.
• Proficiency in using computer systems and software applications, including MS Office suite and Underwriting software.
• Strong organizational and time management skills, with the ability to prioritize tasks and meet deadlines in a fast-paced environment.
• Effective communication skills, both written and verbal, with the ability to interact professionally with internal and external stakeholders.
• Ability to maintain confidentiality and handle sensitive information with discretion and professionalism.
• Proactive and willing to learn, with a strong work ethic and a commitment to continuous improvement.

Zurich Values