• 2.3.1 Facultative underwriting


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    Description of role

    Responsible for facultative reinsurance underwriting for risk management purposes and managing customers and intermediaries.

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    Core skills

    • Ability to identify main rating factors required to assess a risk (claims history, location, value, etc.)
    • Ability to perform underwriting analysis and evaluation of risks
    • Ability to cost the expected loss and pricing the cover in an accurate manner and in line with pricing underwriting guidelines.
    • Knowledge of the importance of managing exposure.
    • Knowledge of the different types of facultative reinsurance.
    • Knowledge of the characteristics and processes of facultative reinsurance.
    • Ability to analyse underlying insurance coverage.
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    Qualification and/ or certification

    • QFSQF Level 3
    • Relevant experience

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    Industry knowledge

    • Knowledge of the reinsurance market, industry trends and developments.

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    Regulatory compliance of role

    • Knowledge of insurance regulatory framework
    • Knowledge of laws and regulations impacting underwriting