Companies That Hire Underwriters In South Africa

Who is an Underwriter?

Underwriting services are provided by some large financial institutions, such as banks, insurance companies and investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee

Companies That Hire Underwriters In South Africa

Underwriter: Commercial and Personal Lines

Job description:

To provide underwriting assistance to the Advisers. The position will focus on commercial and personal Lines.


  • Client face-to-face meetings if necessary at the Office
  • Liaising and providing feedback to clients of underwriting progress.
  • Handling client queries
  • Underwriting Management: the daily underwriting process preparing Renewals, Sourcing acceptance terms
  • Recording details and information on relevant systems
  • Building and maintaining good working relationships with clients and internal stakeholders
  • Bridging the gap between the office and insurance companies
  • Maintaining a good working relationship with insurers

Minimum Requirements:

  • Grade 12/Matric
  • Fully computer literate (Microsoft Office 365: Word, Excel, and Outlook)
  • NQF Level 4 Certificate in Short term insurance
  • Regulatory examination RE5 completed
  • 3- 5 years of relevant work experience in Short term insurance – Commercial and personal lines
  • Minimum 3 Years of Personal Lines Underwriting Experience
  • Minimum 3 Years commercial experience

Personal Lines Underwriter – CPT

Role Purpose

Provide stakeholders with effective and efficient personal lines underwriting services according to the required standards and procedures in order to retain existing clients and secure new business in support of the business strategy.


  • Ensure new business targets are met
  • Ensure Binder fee targets are met
  • Ensure retention of existing clients
  • Ensure and contribute to the minimization of general expenses

How much does an underwriter earn in South Africa?

The average underwriter salary in South Africa is R 300 006 per year or R 154 per hour. Entry-level positions start at R 210 000 per year, while most experienced workers make up to R 2 394 000 per year.

How do I become an underwriter in South Africa?

A bachelor degree in an appropriate field such as accounting, finance, law, economics, financial services, business science or business administration provides a good background for a career in underwriting.

Much of the training takes place on the job through short courses and continuous professional education.