Website Sasria
Sasria is a short-term insurance company wholly owned by the state and reports directly to National Treasury.
About Sasria
Sasria is a short-term insurance company wholly owned by the state and reports directly to National Treasury. The company is self-funding and generates income from premiums which is used to pay all claims and expenses. The company is also responsible for providing adequate capital for major catastrophic losses. The organisation’s success for the past 36 years can be attributed to its business model. Our customers are in all sectors of the economy and these include listed companies, public companies, small SME’s, state-owned companies, municipalities and private individuals.
Job Advert Summary
| Job Title | Underwriting Intern |
| Job Type | Graduate Internship |
| Division | Insurance Operations |
| Department | Strategy and Underwriting |
| EE Occupational Levels | Level 1: Unskilled |
| Location – Town / City | Sandton |
| Location – Province | Gauteng |
| Location – Country | South Africa |
The incumbent will be required to work closely with the underwriter and Specialist for training, coaching and guidance, on the following underwriting tasks:
- Development and review the Sasria policy wordings and guidelines to ensure consistency in the management of the Sasria business by the Agents.
- Dissemination of product knowledge to the industry.
- Product development and enhancement.
- Loss ratio management.
- Managing technical queries from the industry.
- Ensuring that product pricing is in line with the risk exposure.
Minimum Qualifications:
- Bcom in Business management, Risk Management or Insurance.
- National Senior Certificate / Matric.
Minimum Experience:
- None (should however be able to demonstrate professionalism, hard-work and be able to grasp concepts swiftly).
- Please note that preference will be given to people with disabilities.
Duties and Responsibilities
Strategic Alignment
- Increasing capacity and knowledge of Sasria business in order to have skills to tap into whenever the need arises.
Underwriting management
- Participate in reviewing terms and conditions of products.
- Participate in reviewing our regulations and policy wordings to ensure they remain relevant and up to date.
- Assist in monitoring the loss ratio movement per class of business.
- Monitor and report multi claimants.
- Assist in handling e-mail queries from our stakeholders.
- Participate in conducting research on possible new products and enhancement of existing ones through interactions with the market.
- Participate in the review of product information on our website to ensure its relevance.
- Understand and adhere to client and staff relationships through individual contacts and group meetings.
- Pursues professional development opportunities, including external and internal training and where possible be able to share information gained with co-workers.
Risk management
- Contribute in identifying emerging risks.
- Contribute in establishing required controls to mitigate Underwriting risk.
Training and Support
- Active involvement in development of own skills, through agreeing performance development plan to improve technical and soft skills.
Perform ad hoc tasks
- Perform any reasonable ad hoc tasks as and when required by the organisation.
