BanBancassurance Underwriter – EBIL at Equity Bank Kenya

Equity Bank Limited (The "Bank”) is incorporated, registered under the Kenyan Companies Act Cap 486 and domiciled in Kenya. The address of the Bank’s registered office is 9th Floor, Equity Centre, P.O. Box 75104 - 00200 Nairobi. The Bank is licensed under the Kenya Banking Act (Chapter 488), and continues to offer retail banking, microfinance and relat...

 

BanBancassurance Underwriter – EBIL

  • Job TypeFull Time
  • QualificationBA/BSc/HND
  • Experience
  • LocationNairobi
  • Job FieldInsurance 

Job Purpose:

The Bancassurance Underwriter serves as a specialized risk analyst embedded within EBKL’s Credit Department and Bancassurance head office operations. This hybrid role bridges the bank and insurance perspectives evaluating credit risk and non-credit risk on insurance linked proposals, advising on optimal underwriting terms across general, life, and health insurance, enabling effective risk decision making for EBIL management, and facilitating cross-sell opportunities between banking and insurance products.

Key Responsibilities 

Credit & Insurance Risk Analysis

  • Conduct robust credit assessments for insurance-related proposals in alignment with bank credit underwriting standards
  • Evaluate insurance-specific risk factors (medical, morbidity, mortality, health, pre-existing conditions) for general, life, and health products.
  • Utilize both credit and insurance underwriting frameworks to determine risk acceptability and propose mitigation strategies.

Underwriting Strategy & Terms Advisory

  • Advise on underwriting terms, including coverage limits, pricing, exclusions, and conditional acceptance tailored for EBIL’s bancassurance lines
  • Collaborate with EBKL’s credit committee and EBIL management to align insurance terms with joint risk appetite and bancassurance target portfolio.

Reporting & Decision Support

  • Prepare and present regular, management-ready reports summarizing risk assessments, underwriting decisions, emerging trends, and recommendations for EBIL’s executive team.
  • Highlight cross-selling opportunities, emerging risk concerns, and portfolio performance metrics relevant to bancassurance.

Cross-Selling Enablement

  • Identify and recommend insurance products suitable for banking clients based on credit data and client profiles to drive cross-sales.
  • Train and support bank staff and EBIL sales agents on underwriting considerations, policy features, and how to present them within banking interactions.

Interdepartmental Collaboration

  • Act as a liaison between EBIL, EBKL’s credit, risk, compliance, and operations teams, ensuring aligned decision-making and smooth workflows.
  • Ensure KYC, AML, regulatory, and internal policy standards are upheld across both credit and insurance functions. 

Qualifications

Qualifications, Experience

  • Bachelor’s degree in finance, business, insurance, actuarial science, economics, or a related field.
  • Professional certifications AIIK, ACII , insurance underwriting, credit risk, actuarial, or risk management) preferred. 

Key Competencies & Skills

  • Excellent analytical, numeracy, and risk assessment skills; ability to interpret financial statements and medical/underwriting data.
  • Strong communication and reporting abilities to convey complex findings clearly to non-specialist stakeholders.
  • Sound judgement, attention to detail, and confident decision-making under tight deadlines.
  • Relationship-building and negotiation skills to interface effectively with credit risk, sales, and insurance colleagues.
  • Proficient in risk modeling tools, underwriting systems, and standard office software (e.g., Excel, SPSS, databases).
  • Familiarity with bank and insurance regulations, KYC/AML, internal credit/underwriting procedures, and compliance.

Check if your CV matches this job with MyJobMag AI

Method of Application

Interested and qualified? Go to Equity Bank Kenya on equitybank.taleo.net to apply

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