Clinical Underwriter at Jubilee Insurance

Job Ref. No: JHIL129

Role Purpose

Responsible for assessing and evaluating the medical and clinical risks associated with insurance policies. This role involves analyzing medical records, assessing the health status of individuals or groups, and making underwriting decisions based on medical evidence.

Key Responsibilities
Operational

• Medical Underwriting: Assess and evaluate medical records, diagnostic reports, and other medical information to determine the insurability of individuals or groups.
• Risk Assessment: Analyze the health status, medical history, and pre-existing conditions of applicants to determine the level of risk associated with insuring them.
• Identify high-risk policyholders through underwriting and claims data analysis and translate risks into policy terms, guided by actuarial pricing.
• Provide clinical leadership and support in underwriting.

 Corporate Governance

• Compliance: Ensure compliance with underwriting guidelines, company policies, and regulatory requirements related to medical underwriting, maintaining high standards of ethical and legal conduct.
• Data Privacy and Confidentiality: Handle sensitive medical information in a secure and confidential manner, adhering to data protection and privacy regulations.

 Leadership & Culture

• Collaboration: Collaborate with medical professionals, underwriters, and other stakeholders to gather relevant medical information and make informed underwriting decisions.
• Continuous Learning: Stay updated with advancements in medical treatments, procedures, and emerging health risks to enhance underwriting knowledge and expertise.
• Laws, Regulations, Company Policies: Stay informed about applicable laws and regulations, including Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) laws, as well as Data Protection laws; Ensure that your actions and activities align with these legal requirements;
• Understand and adhere to internal company policies, processes, and procedures; Promptly report any instances of non-compliance to management and the designated compliance officer; Take proactive measures to mitigate compliance risks within your role and department; Participate in training programs and awareness sessions organized by the company to enhance your understanding of compliance requirements.

Key Skills and Competencies

• Attention to Detail: Thoroughly review and assess medical records, diagnostic reports, and other medical information to accurately evaluate risks and make underwriting decisions.
• Communication: Excellent communication skills to effectively convey underwriting decisions, policy terms, and conditions to stakeholders, including medical professionals and clients.
• Critical Thinking: Apply critical thinking skills to assess medical risks, evaluate options, and determine appropriate underwriting actions for insurance policies.
• Ethical Conduct: Adhere to ethical standards in handling sensitive medical information, ensuring privacy, confidentiality, and compliance with regulatory requirements.

Academic Qualifications

• Bachelor’s Degree or Diploma in a Health Care related field.
• Insurance Professional qualification

Relevant Experience

• Three (3) years relevant working experience