Insurance Underwriter Job Vacancy in Afabet, Eritrea – Insurance

Job Description

Position: Insurance Underwriter

Company: AXA Group

Location: Afabet, Eritrea

Experience: 5+ years in insurance underwriting

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

Employment Type: Full-time

Industry: Insurance

Department: Underwriting

Salary: SSP 150,000 – 250,000 per month

Vacancies:1

Company Overview

AXA Group is a leading global insurance and asset management company with operations in more than 60 countries, delivering innovative risk solutions to individuals and businesses alike. With a strong commitment to sustainability, digital transformation, and customer centricity, AXA has built a reputation for reliability and excellence across the insurance sector. In Eritrea, AXA is expanding its footprint to provide comprehensive insurance products that support economic growth and protect assets in a rapidly developing market. As part of its strategic expansion, AXA is looking for top talent to join its local team, offering a unique opportunity to contribute to the growth of the insurance industry in Eritrea while gaining exposure to international best practices. This role aligns with the broader mission of creating secure futures for customers and fostering career development for professionals in the region. The position is a key component of AXA’s commitment to delivering high‑quality underwriting services, ensuring that the company remains a trusted partner for risk management in Eritrea.

Job Overview

AXA Group is seeking a skilled Insurance Underwriter to join its underwriting department in Afabet. The successful candidate will be responsible for evaluating insurance applications, assessing risk, and determining appropriate policy terms and pricing. This role requires a deep understanding of insurance principles, strong analytical abilities, and the capacity to make sound decisions that balance profitability with customer satisfaction. The underwriter will work closely with brokers, agents, and internal stakeholders to develop tailored solutions that meet the diverse needs of clients across the insurance spectrum, including property, casualty, and specialty lines. The position offers a dynamic work environment where innovative thinking and a proactive approach are valued. For more information about AXA’s presence in Eritrea, please visit https://eritreajobsearch.com/. This role is an excellent gateway for professionals seeking to advance their careers in the insurance sector while contributing to the economic development of Eritrea. Keywords such as Eritrea Jobs, Jobs in Eritrea, Job Vacancy in Eritrea, Career Opportunities in Eritrea, Employment in Eritrea, and Hiring in Eritrea are integral to this posting, reflecting the strategic importance of this opportunity.

Key Responsibilities

• Analyze insurance applications and supporting documentation to assess risk exposure.
• Determine appropriate coverage limits, premiums, and policy terms based on risk analysis.
• Collaborate with brokers and agents to gather additional information and clarify underwriting requirements.
• Maintain accurate underwriting records and ensure compliance with regulatory standards.
• Develop and update underwriting guidelines to reflect market trends and emerging risks.
• Participate in portfolio reviews and contribute to the development of pricing strategies.
• Provide training and mentorship to junior underwriting staff.
• Monitor loss ratios and recommend corrective actions to improve profitability.

Required Skills

• Strong analytical and quantitative skills with the ability to interpret complex data.
• Excellent communication and negotiation abilities.
• Proficiency in underwriting software and Microsoft Office Suite.
• Attention to detail and a high degree of accuracy.
• Ability to work independently and as part of a multidisciplinary team.
• Knowledge of local insurance regulations and market dynamics in Eritrea.
• Problem‑solving mindset with a focus on customer‑centric solutions.

Education

A minimum of a Bachelor’s degree in Finance, Business Administration, Economics, or a related discipline is required. Professional certifications such as Chartered Property Casualty Underwriter (CPCU) or equivalent are advantageous but not mandatory.

Experience

Applicants must have at least five years of underwriting experience in the insurance industry, preferably with exposure to property and casualty lines. Experience in emerging markets or with multinational insurance firms will be considered a strong asset.

Salary

The compensation package ranges from SSP 150,000 to SSP 250,000 per month, commensurate with experience and qualifications. In addition to the base salary, performance‑based bonuses and incentives are offered.

Benefits

• Comprehensive health and life insurance coverage.
• Retirement savings plan with employer contributions.
• Paid annual leave and public holidays.
• Professional development allowance.
• Employee assistance program.

Training

• Structured onboarding program covering AXA’s underwriting policies and systems.
• Continuous learning opportunities through internal workshops and external certifications.
• Mentorship from senior underwriters and industry experts.

Working Environment

The role is based in AXA’s modern office in Afabet, offering a collaborative and inclusive workplace equipped with the latest technology. Employees benefit from a supportive culture that encourages innovation, diversity, and work‑life balance. The office environment promotes open communication and provides spaces for teamwork as well as focused individual work.

Application Process

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

Equal Opportunity Statement

AXA Group 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, sexual orientation, or any other protected characteristic. All qualified applicants will receive consideration for employment without discrimination.