UNDERWRITER AT INTERNATIONAL ENERGY INSURANCE PLC

About Company:

International Energy Insurance (IEI) Plc commenced business as Nigeria’s first Energy-focused Insurance Company, experts in first class underwriting solutions for offshore and onshore risks, as well as general insurance business. The Company’s security is backed by a consortium of local and foreign re-insurers led by African Reinsurance Corporation. We are licensed and regulated by the National Insurance Commission (NAICOM).

We are recruiting to fill the position below:

Job Description:

• Review insurance proposals, completed forms, supporting documentation, and risk information.
• Assess the nature of risk exposures using underwriting guidelines, actuarial principles, and historical data.
• Determine appropriate coverage limits, premiums, deductibles, and terms of acceptance.
• Decide whether to accept, decline, or modify applications in line with underwriting authority limits.
• Collaborate with brokers, agents, and marketing teams to clarify risk details and negotiate terms.
• Prepare quotations, underwriting recommendations, and policy documentation.
• Ensure accurate and timely issuance of policy endorsements, renewals, and cancellations.
• Maintain proper documentation of underwriting decisions and approvals.
• Track and manage renewal portfolios to ensure retention targets are achieved.
• Ensure adherence to internal underwriting standards, reinsurance arrangements, and regulatory requirements (including NAICOM guidelines where applicable).
• Monitor portfolio performance and claims trends to identify high-risk areas or emerging exposure patterns.
• Escalate unusual or high-value risks for senior review or reinsurance consultation.
• Work closely with claims, finance, marketing, and risk management teams to support business objectives.
• Provide technical underwriting support and guidance to sales teams and branch operations.
• Respond to customer and broker inquiries regarding underwriting decisions and policy terms.
• Participate in product development reviews and underwriting process improvements.
• Stay updated on industry trends, competitive products, and regulatory changes.
• Contribute to training initiatives for junior underwriters and operational teams.

Requirements:

• Bachelor’s Degree in Insurance, Actuarial Science, Finance, Business Administration, or a related discipline.
• Professional insurance certification (e.g., CIIN, ACII) is an added advantage.
• Minimum of 3–5 years relevant underwriting experience, in an insurance company.

Skills & Abilities:

• Strong analytical and risk assessment skills.
• Good understanding of underwriting principles, insurance products, and pricing.
• High attention to detail and accuracy.
• Strong negotiation and decision-making abilities.
• Excellent written and verbal communication skills.
• Ability to meet deadlines.
• Proficiency in Microsoft Office and insurance underwriting systems.
• Strong attention to detail and compliance orientation.

Salary

Application Closing Date: 12th January, 2026

Application Instructions:

Qualified candidates should send their Applications to: recruitment@ieiplcng.com using the Job Title as the subject of the email