Insurance Underwriter Job Vacancy in Swakopmund, Namibia – Insurance

Job Description

Position: Insurance Underwriter

Company: Old Mutual Namibia

Location: Swakopmund, Namibia

Experience: 5+ years in insurance underwriting, preferably property & casualty

Education: Bachelor’s degree in Finance, Business Administration, or related field

Employment Type: Full-time

Industry: Insurance

Department: Underwriting

Salary: SSP 250,000 – SSP 350,000 per month

Vacancies:1

Company Overview

Old Mutual Namibia is a leading financial services provider with a strong heritage of delivering comprehensive insurance solutions across Southern Africa. With a commitment to innovation, customer centricity, and sustainable growth, Old Mutual has built a reputation for reliability and excellence. Operating from its headquarters in Windhoek and regional offices in key cities such as Swakopmund, the company serves individuals, families, and businesses with a diverse portfolio that includes life, health, property, and casualty insurance. As part of its strategic expansion, Old Mutual Namibia continues to invest in talent, technology, and community development, making it an attractive employer for professionals seeking dynamic career opportunities in Namibia Jobs.

Job Overview

The Insurance Underwriter will play a pivotal role in assessing risk, pricing policies, and ensuring the profitability of the underwriting portfolio. Reporting to the Head of Underwriting, the successful candidate will evaluate applications, negotiate terms, and collaborate closely with brokers, agents, and internal stakeholders. This role is essential for maintaining the high standards of service that Old Mutual Namibia is known for, while also contributing to the company’s growth objectives. Candidates will have the opportunity to work in a supportive environment that encourages continuous learning and professional development. For more information about the company and its culture, visit Namibia Job Search.

Key Responsibilities

• Analyze insurance applications and assess risk exposure using actuarial data and industry benchmarks.
• Determine appropriate premium rates and policy terms to balance competitiveness and profitability.
• Prepare detailed underwriting reports and recommendations for senior management review.
• Collaborate with brokers and agents to clarify coverage requirements and negotiate favorable terms.
• Monitor existing policies for changes in risk profile and recommend adjustments or renewals.
• Ensure compliance with regulatory standards set by the Namibia Financial Institutions Supervisory Authority (NAMFISA).
• Maintain accurate records in the underwriting system and contribute to data quality initiatives.
• Participate in cross‑functional projects aimed at improving underwriting processes and customer experience.

Required Skills

• Strong analytical abilities with a keen eye for detail.
• Excellent communication and negotiation skills.
• Proficiency in underwriting software and Microsoft Office Suite.
• Solid understanding of Namibian insurance regulations and market trends.
• Ability to work independently and as part of a multidisciplinary team.
• Problem‑solving mindset with a focus on risk mitigation.
• High ethical standards and commitment to confidentiality.
• Customer‑focused attitude with a drive to deliver superior service.

Education

A Bachelor’s degree in Finance, Business Administration, Economics, or a related discipline is required. Professional certifications such as Chartered Insurance Professional (CIP) or equivalent are advantageous and demonstrate a commitment to the insurance profession.

Experience

Applicants must have a minimum of five years of hands‑on underwriting experience, preferably within property and casualty lines. Experience in the Namibian market or a comparable emerging market is highly valued, as it provides insight into local risk factors and client expectations.

Salary

The compensation package ranges from SSP 250,000 to SSP 350,000 per month, commensurate with experience and qualifications. A performance‑based bonus structure is also available, rewarding individuals who exceed underwriting targets and contribute to the company’s profitability.

Benefits

• Comprehensive health and life insurance coverage.
• Retirement savings plan with employer contributions.
• Paid annual leave and public holidays.
• Professional development allowance for certifications and training.
• Employee assistance program supporting mental health and wellbeing.
• Flexible working arrangements to promote work‑life balance.

Training

• Onboarding program covering Old Mutual’s underwriting policies and systems.
• Continuous learning modules on emerging risks and regulatory updates.
• Mentorship from senior underwriters and actuarial experts.
• Access to industry conferences and seminars.
• Leadership development pathways for high‑potential employees.

Working Environment

Located in the vibrant coastal city of Swakopmund, the office offers a modern, collaborative workspace with state‑of‑the‑art technology. Employees enjoy a supportive culture that values diversity, innovation, and community engagement. The role provides a balance of independent analytical work and teamwork, fostering a dynamic atmosphere that aligns with the aspirations of professionals seeking rewarding Namibia Jobs.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online portal on the Old Mutual Namibia careers page. Applications will be reviewed on a rolling basis, and shortlisted applicants will be invited for a competency‑based interview followed by a technical assessment.

Equal Opportunity Statement

Old Mutual Namibia is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, race, religion, age, disability, or sexual orientation. Our hiring practices reflect our dedication to fairness and the belief that a diverse workforce drives innovation and success in the Namibian market.