The Domiciliary Care Underwriter is responsible for the underwriting of new and existing domiciliary care insurance policies. This role involves assessing risk, pricing policies, and ensuring compliance with underwriting guidelines and regulations.
Key Responsibilities:
Underwriting New Business:
- Evaluate applications for new domiciliary care insurance policies, assessing risk factors such as the nature of care provided, client demographics, and operational procedures.
- Determine appropriate policy terms, conditions, and premiums based on risk assessment and underwriting guidelines.
- Conduct risk selection and pricing to ensure profitability while maintaining a competitive market position.
Managing Existing Business:
- Review and assess policy renewals to determine if coverage remains appropriate and premiums are accurately priced.
- Handle policy endorsements, amendments, and cancellations.
- Monitor claims experience and identify potential risk management opportunities.
Risk Assessment:
- Conduct risk assessments of domiciliary care providers, including on-site inspections when necessary.
- Identify potential hazards and recommend risk mitigation measures.
Compliance:
- Ensure compliance with all relevant underwriting guidelines, regulations, and industry standards.
- Maintain up-to-date knowledge of regulatory changes and their impact on the underwriting process.
Technical Expertise:
- Demonstrate a strong understanding of domiciliary care operations, insurance products, and underwriting principles.
- Stay informed about industry trends and best practices.
Required Qualifications and Experience
- Bachelor's degree in insurance, risk management, or a related field.
- Minimum of [Number] years of experience in underwriting, preferably in the domiciliary care or long-term care insurance industry.
- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
- Proficiency in underwriting software and systems.
- Ability to work independently and as part of a team.
Desired Skills and Experience
- Certification in insurance or risk management.
- Experience in underwriting complex risks.
- Knowledge of regulatory frameworks, such as the Care Quality Commission (CQC) or other relevant authorities.
At Insure Recruitment, we work with clients who are dedicated to building a diverse, inclusive, and authentic workplace. So, if you're excited about this role but your experience doesn't align perfectly with every qualification or criterion in the above description, we encourage you to apply anyway. You may be exactly what we're looking for in this or other roles.