Liability insurance

2.1.6 Liability insurance

Description of role

Responsible for underwriting liability insurance products including evaluating and pricing risks, underwriting effectiveness and management of customers and intermediaries

Core skills

Understand the cover provided under employers’ liability insurance
Ability to evaluate the nature of employers’ liability risk
Ability to recognize the risks, coverage, and practices of professional indemnity insurance
Knowledge of rating factors leading to risk assessment (claims history, location, value, etc.).
Ability to perform underwriting analysis and evaluation of liability risks in relevant class of business.
Ability to apply relevant laws and regulations to daily work practices.
Knowledge of processes, tools IT and compliance that directly impact property underwriting (policy admin systems, applicable regulations etc.).
Knowledge of the importance of managing exposure.

Knowledge of the different types of reinsurance

Qualification and/ or certification

QFSQF Level 3

Relevant experience

Industry knowledge

Knowledge of the insurance market, industry trends and developments.

Knowledge of key insurance principles and terms

Regulatory compliance of role

Knowledge of insurance regulatory framework

Knowledge of laws and regulations impacting underwriting

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