Internships

Sasria Underwriting Internships 2024/ 2026

Job Summary

Sasria SOC invites applications for the Underwriting Internships (24- months).

Closing date: 26 February 2024

Reference NumberSAS240219-1
Job TitleUnderwriting Intern X2 (24 Months)
Job TypeGraduate Internship
DivisionInsurance Operations
DepartmentStrategy and Underwriting
EE Occupational LevelsLevel 1: Unskilled

Location: Sandton, Gauteng, South Africa

About Sasria

Sasria SOC Ltd is the only non-life insurer that provides special risk cover to all individuals and businesses that own assets in South Africa, as well as government entities.

This is unique cover against risks such as civil commotion, public disorder, strikes, riots and terrorism, making South Africa one of the few countries in the world that provide this insurance, particularly at affordable premiums.

By enabling businesses to restore their liquidity or operations quickly and efficiently after experiencing loss or damage due to special risk events, Sasria SOC Ltd plays a significant role in preventing job losses, maintaining livelihoods, restoring pride and dignity and facilitating economic stability.

Job Description

The incumbent will be required to work closely with the underwriter and Specialist for training, coaching and guidance, on the following underwriting tasks:

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  • 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.

Qualifications

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

1.Strategic Alignment 

  • Increasing capacity and knowledge of Sasria business in order to have skills to tap into whenever the need arises.

2. 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.
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  • 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.

3. Risk management

  • Contribute in identifying emerging risks.
  • Contribute in establishing required controls to mitigate Underwriting risk.

4. Training and Support

  • Active involvement in development of own skills, through agreeing performance development plan to improve technical and soft skills.

5. Perform ad hoc tasks

  • Perform any reasonable ad hoc tasks as and when required by the organisation.

How to Apply

Sasria are committed to Employment Equity when recruiting internally and externally. It is company policy to promote from within wherever possible.

Therefore, please be aware that internal candidates will be considered first before reviewing external applicants, provided that this supports achievement of our Employment Equity goals.

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Curator

  • S'bo Parker

    S'bo has a passion for web content creation and develops apps and games for fun! It all started at the University of KwaZulu-Natal where she gained skills in automated machine learning (AutoML), machine learning algorithms and MLOps. S'bo loves electric vehicles and uses 100% solar energy.

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