Insurance Underwriting Analyst Job Vacancy in Naivasha, Kenya – Insurance

Job Description

Position: Insurance Underwriting Analyst

Company: AIA Kenya

Location: Naivasha, Kenya

Experience: 3-5 years

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

Employment Type: Full-time

Industry: Insurance

Department: Underwriting

Salary: SSP 120,000 – 180,000 per month

Vacancies:1

Company Overview

AIA Kenya is a leading life insurance provider with a strong presence across East Africa. Established in 2005, the company offers a wide range of protection and savings solutions to individuals, families, and corporate clients. With a commitment to innovation, financial stability, and customer centricity, AIA Kenya has consistently been recognized for its excellence in the insurance sector. The Naivasha branch serves a dynamic market that includes agricultural enterprises, tourism operators, and a growing middle‑class population, making it an ideal hub for career growth. As part of AIA’s global network, employees benefit from international best practices, robust training programs, and a culture that values diversity and inclusion. This role contributes directly to the company’s mission of providing reliable insurance solutions and supports the broader goal of enhancing financial security for Kenya Jobs seekers.

Job Overview

The Insurance Underwriting Analyst will join the Underwriting Department to evaluate risk, develop pricing models, and support the issuance of policies that meet both client needs and regulatory standards. Reporting to the Senior Underwriting Manager, the analyst will collaborate with actuarial teams, sales, and claims to ensure accurate risk assessment and profitable portfolio growth. This position plays a pivotal role in strengthening AIA Kenya’s market position and aligns with the company’s strategic objectives for hiring in Kenya. For more information about AIA Kenya and its career pathways, visit the main website at https://kenyajobsearch.com/. The role offers a unique blend of analytical challenge and client interaction, making it a compelling opportunity for professionals seeking career advancement in the insurance industry.

Key Responsibilities

• Analyze applications and supporting documentation to assess risk exposure and determine appropriate coverage limits.
• Develop and maintain actuarial pricing models using statistical software and Excel.
• Collaborate with sales teams to provide underwriting guidance and support business development initiatives.
• Prepare detailed underwriting reports and present findings to senior management.
• Ensure compliance with Kenya Insurance Regulatory Authority (KIRA) guidelines and internal underwriting policies.
• Monitor portfolio performance, identify trends, and recommend adjustments to pricing strategies.
• Participate in cross‑functional projects aimed at improving underwriting efficiency and customer experience.

Required Skills

• Strong analytical and quantitative abilities with proficiency in data analysis tools.
• Excellent written and verbal communication skills for report preparation and stakeholder interaction.
• Attention to detail and ability to work under tight deadlines.
• Knowledge of Kenyan insurance regulations and market dynamics.
• Proficiency in Microsoft Office Suite, especially Excel; experience with statistical software (e.g., R, SAS) is a plus.

Education

A bachelor’s degree in Finance, Economics, Actuarial Science, Business Administration, or a related discipline is required. Professional certifications such as ACII, CFA, or equivalent are advantageous but not mandatory.

Experience

Applicants should have 3 to 5 years of experience in insurance underwriting, risk analysis, or actuarial functions. Experience within the Kenyan insurance market or with multinational insurers is highly valued.

Salary

The compensation package ranges from SSP 120,000 to SSP 180,000 per month, commensurate with experience and qualifications. Performance‑based bonuses and incentives are also part of the total rewards structure.

Benefits

• Comprehensive health insurance for employee and dependents.
• Retirement savings plan with employer contributions.
• Paid annual leave and public holidays.
• Employee assistance program and wellness initiatives.
• Opportunities for international secondments within the AIA Group.

Training

• Onboarding program covering company policies, underwriting standards, and compliance.
• Continuous professional development courses, including actuarial modeling and risk management.
• Access to AIA’s global learning platform for certifications and skill enhancement.

Working Environment

The Naivasha office offers a modern, collaborative workspace equipped with the latest technology. Employees enjoy a supportive culture that encourages knowledge sharing, mentorship, and work‑life balance. Flexible working arrangements are available to promote productivity and employee well‑being.

Application Process

Interested candidates should submit an online application through the AIA Kenya careers portal, attaching a current resume and a cover letter outlining relevant experience. Shortlisted applicants will be invited to complete a written assessment followed by a virtual interview with the hiring panel. The recruitment timeline typically spans four to six weeks from application submission.

Equal Opportunity Statement

AIA Kenya 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 diverse perspectives drive innovation and success in the Kenyan insurance market.