About NICO General

NICO General Insurance Company Limited is the leading short-term insurer in Malawi, committed to providing security and peace of mind to its clients through reliable and timely claims service that is second to none in the Malawian market.

NICO General is an equal opportunity employer and invites applications from suitably qualified and experienced professionals to fill the position of Underwriting Manager.

Job Overview

The Underwriting Manager will be responsible for providing strategic leadership to the underwriting function, ensuring profitable growth, effective risk management, and compliance with regulatory and corporate governance standards.

The Role

The successful candidate will lead underwriting operations across all general insurance classes while driving portfolio performance and mentoring underwriting teams.

Key Responsibilities

• Develop, implement, and review underwriting policies, guidelines, and risk appetite in line with company objectives
• Ensure accurate risk assessment, pricing, and acceptance of general insurance business
• Monitor portfolio performance, including profitability, loss ratios, and growth across all classes of business
• Lead, mentor, and manage underwriting staff to ensure high performance and compliance with best practices
• Collaborate with Claims, Reinsurance, Finance, and Business teams to optimise underwriting outcomes
• Ensure compliance with regulatory requirements, internal controls, and corporate governance standards
• Prepare underwriting reports and provide executive management with insights to support decision-making

Qualifications and Experience

• Bachelor’s Degree in Insurance, Risk Management, Actuarial Science, Business Administration, or a related field
• Professional insurance qualification (ACII, FCII, or equivalent) is an added advantage
• Minimum of 7 years’ experience in general insurance underwriting
• At least 3 years’ experience in a managerial or supervisory role
• Strong knowledge of underwriting principles across major general insurance classes
• Proven leadership, analytical, and decision-making skills
• Excellent communication, negotiation, and interpersonal skills
• High level of integrity and attention to detail

Key Competencies

• Strategic thinking and strong commercial acumen
• Risk assessment and portfolio management expertise
• People management, mentoring, and coaching skills
• Regulatory and compliance awareness

• Develop, implement, and review underwriting policies, guidelines, and risk appetite in line with company objectives
• Ensure accurate risk assessment, pricing, and acceptance of general insurance business
• Monitor portfolio performance, including profitability, loss ratios, and growth across all classes of business
• Lead, mentor, and manage underwriting staff to ensure high performance and compliance with best practices
• Collaborate with Claims, Reinsurance, Finance, and Business teams to optimise underwriting outcomes
• Ensure compliance with regulatory requirements, internal controls, and corporate governance standards
• Prepare underwriting reports and provide executive management with insights to support decision-making

• Strategic thinking and strong commercial acumen
• Risk assessment and portfolio management expertise
• People management, mentoring, and coaching skills
• Regulatory and compliance awareness
• Proven leadership, analytical, and decision-making skills
• Excellent communication, negotiation, and interpersonal skills
• High level of integrity and attention to detail

• Bachelor’s Degree in Insurance, Risk Management, Actuarial Science, Business Administration, or a related field
• Professional insurance qualification (ACII, FCII, or equivalent) is an added advantage