Insurance Underwriter Job Vacancy in Qandala, Somalia – Insurance

Job Description

Position: Insurance Underwriter

Company: AXA

Location: Qandala, Somalia

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

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

Employment Type: Full-time

Industry: Insurance

Department: Risk Management

Salary: SSP 3,500,000 – SSP 5,000,000 per annum

Vacancies:1

Company Overview

AXA is a leading global insurer with a strong commitment to providing innovative risk solutions across more than 60 countries. In Africa, AXA has built a reputation for financial strength, customer‑centric products, and community development initiatives. The company’s presence in Somalia reflects its dedication to supporting emerging markets, fostering economic stability, and delivering reliable insurance services to individuals and businesses alike. As part of AXA’s expansion strategy, the Qandala office plays a pivotal role in serving the coastal and inland communities, contributing to the growth of local commerce and the protection of assets. This position offers a unique opportunity to join a world‑class organization while making a tangible impact on Somalia Jobs and the broader economic landscape.

Job Overview

The Insurance Underwriter will evaluate risk, determine appropriate coverage terms, and price policies for a diverse portfolio of clients in Somalia. Working closely with brokers, agents, and the claims department, the successful candidate will ensure that underwriting decisions align with AXA’s risk appetite and profitability goals. This role is central to AXA’s mission of delivering secure, affordable insurance solutions, and it directly supports the company’s hiring in Somalia initiatives. For more information about AXA’s presence in the region, visit Somalia Job Search.

Key Responsibilities

• Assess applications for property, casualty, and marine insurance, analyzing risk factors and historical data.
• Develop and recommend underwriting guidelines that balance risk exposure with market competitiveness.
• Collaborate with sales teams and brokers to structure customized insurance solutions for corporate and individual clients.
• Prepare detailed underwriting reports, including pricing models, policy terms, and conditions.
• Monitor portfolio performance, identify trends, and recommend adjustments to maintain profitability.
• Ensure compliance with local regulatory requirements and AXA’s internal policies.
• Participate in client meetings to explain coverage options and address underwriting queries.

Required Skills

• Strong analytical abilities with proficiency in risk assessment and actuarial concepts.
• Excellent written and verbal communication skills in English; knowledge of Somali is an advantage.
• Proficiency with underwriting software and Microsoft Office Suite.
• Negotiation skills to work effectively with brokers and clients.
• Attention to detail and ability to manage multiple cases simultaneously.
• Ethical judgment and commitment to confidentiality.

Education

A bachelor’s degree in Finance, Business Administration, Risk Management, or a related discipline is required. Professional certifications such as CPCU, ARM, or equivalent are highly desirable and demonstrate a commitment to the insurance profession.

Experience

Applicants must have a minimum of five years of underwriting experience, preferably within property and casualty lines. Experience in emerging markets, especially in East Africa, will be considered a strong asset, as it aligns with AXA’s focus on expanding career opportunities in Somalia.

Salary

AXA offers a competitive salary range of SSP 3,500,000 to SSP 5,000,000 per year, commensurate with experience and qualifications. The compensation package includes performance‑based bonuses, health insurance, and a retirement savings plan.

Benefits

• Comprehensive health and dental coverage.
• Annual performance bonus.
• Retirement savings scheme.
• Paid parental and sick leave.
• Professional development allowance.

Training

• On‑boarding program covering AXA’s underwriting standards and regional market insights.
• Access to AXA’s global learning platform for continuous skill enhancement.
• Mentorship from senior underwriters and risk managers.

Working Environment

The Qandala office provides a modern, collaborative workspace equipped with the latest technology. Employees enjoy a supportive culture that values diversity, innovation, and work‑life balance. AXA’s commitment to a safe and inclusive environment ensures that all staff can thrive while contributing to the nation’s economic development.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online portal on the AXA careers page. Applications will be reviewed on a rolling basis, and shortlisted candidates will be invited for a virtual interview followed by an on‑site assessment.

Equal Opportunity Statement

AXA is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, race, religion, or any other protected characteristic. Our hiring practices support the empowerment of local talent and the promotion of fair employment in Somalia.