• 2.1.2 Motor insurance


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    Description of role

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

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    Core skills

    • Understanding of scope of motor cover, main features, market practices, risk perception, road traffic and legal system
    • Understand the procedures of underwriting and documenting of motor insurance
    • Knowledge of rating factors leading to motor risk assessment (claims history, value, etc.).
    • Understanding of fleet rating and schemes
    • Ability to perform underwriting analysis and evaluation of motor risks
    • Ability to apply relevant laws and regulations to daily work practices.
    • Knowledge of the processes, tools, IT and compliance that directly impact motor underwriting (policy admin systems, applicable regulations etc.).
    • Knowledge of the importance of managing exposure.
    • Knowledge of the different types of reinsurance
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    Qualification and/ or certification

    • QFSQF Level 3
    • Relevant experience

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    Industry knowledge

    • Knowledge of the insurance market, industry trends and developments.
    • Knowledge of key insurance principles and terms

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    Regulatory compliance of role

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