Old Mutual Trainee Underwriter Programme 2026: Gain Experience in Insurance

Old Mutual is looking for graduates to join its Trainee Underwriter Programme in 2026. This 12-month fixed-term contract offers valuable experience in the insurance sector, with the potential for permanent employment. The programme is based in Cape Town and provides a stipend for successful participants.

Application Closing Date: 18 November 2026
Location: Cape Town, Western Cape, South Africa
Programme Duration: 12 months
Contract Type: Fixed-term contract
Stipend: Paid during the training programme
Minimum Qualification: Degree or Diploma (NQF Level 7)
Opportunity Type: Learnership/Internship

About the Old Mutual Trainee Underwriter Programme

The Old Mutual Trainee Underwriter Programme is designed to equip individuals with the necessary skills and knowledge to become an effective Individual Life Underwriter. This programme is ideal for those new to the insurance industry or specifically to risk underwriting. It focuses on developing both practical understanding and technical expertise.

Participants will engage in a blend of structured learning, including classroom sessions, self-study, and hands-on on-the-job experience. By successfully completing all programme requirements, trainees will be well-positioned to apply for permanent roles within Old Mutual’s underwriting department.

About Old Mutual

Old Mutual is a leading financial services group that offers a wide range of insurance, investment, and banking products. The company operates across various markets, providing financial solutions to individuals and businesses. Old Mutual is committed to helping its customers achieve their financial goals.

Available Learnership Opportunities

This programme focuses on the role of a Trainee Underwriter.

What the Learnership Offers

Successful trainees will gain significant benefits, including:

• Structured underwriting training
• Classroom learning and independent study
• Valuable on-the-job experience
• Exposure to individual life underwriting
• Practical experience in customer and intermediary engagement
• Opportunities for career development within the insurance industry
• The chance to apply for permanent roles upon successful completion

Programme Duration and Location

This is a 12-month fixed-term contract. The programme is based in Cape Town, Western Cape, South Africa.

Minimum Requirements

Applicants must meet the following criteria:

• Matric certificate.
• Matric subjects must include Biology or Life Sciences along with Mathematics or Accounting.
• A tertiary Degree or Diploma at a minimum NQF Level 7.
• Applicants should ensure their Matric subjects are clearly listed on their CV.

The following qualifications will be advantageous:

• BSc Degree
• BCom Degree
• Medically aligned Degree

Key Responsibilities

Successful trainees will be responsible for:

• Making underwriting decisions under mentor supervision.
• Handling enquiries from intermediaries.
• Providing guidance on underwriting requirements and impairments.
• Accurately capturing underwriting information.
• Updating product administration systems.
• Communicating in writing with clients and distribution channels.
• Staying updated on underwriting developments and trends.
• Maintaining high customer service standards.
• Developing critical underwriting skills.
• Learning to assess health-related risks.
• Assessing environmental and pastime exposures.
• Determining appropriate insurance coverage.
• Reviewing financial conditions and risk exposures.
• Monitoring economic trends affecting underwriting.
• Building relationships with customers, agents, and brokers.
• Communicating with customers via telephone and in writing.
• Gathering information for risk assessment.
• Providing administrative support.
• Meeting daily production and service quality standards.
• Responding to customer and intermediary needs.

Skills and Competencies

Applicants should demonstrate the following:

• Strong written and verbal English communication skills.
• Ability to communicate in English and at least one other official South African language.
• Good interpersonal and customer service skills.
• Ability to work accurately and maintain a good work ethic.
• Capacity to work under pressure and meet deadlines.
• Ability to work independently and effectively as part of a team.
• Proficiency in Microsoft Word, Excel, and PowerPoint.

Strong telephonic skills and knowledge of Old Mutual products, systems, and insurance processes will be advantageous.

Who Should Apply?

This programme is ideal for graduates who have completed a Degree or Diploma at NQF Level 7 and possess specific Matric subjects. It suits individuals eager to build a career in underwriting, gain practical experience, and develop technical skills within the insurance sector. If you are a motivated individual with strong communication abilities and a willingness to learn, this opportunity could be a great start.

Required Documents

Applicants should prepare the following documents:

• Updated CV clearly listing Matric subjects.
• Certified copy of South African ID.
• Certified copy of Matric certificate.
• Certified copies of Degree or Diploma.
• Academic record.

How to Apply

Applications must be submitted online through the official Old Mutual recruitment platform.

Click here to apply for Old Mutual Trainee Underwriter Programme 2026

Ensure your CV clearly lists your Matric subjects, including Biology/Life Sciences and Mathematics or Accounting.

Important Application Information

Before applying, candidates should confirm:

• They meet the Matric subject requirements.
• They hold a minimum NQF Level 7 tertiary qualification.
• Their CV clearly lists the required Matric subjects.
• They are willing to complete the full 12-month programme.
• They are comfortable working flexible hours and overtime when required.
• They submit their application before the closing date.

Closing Date

The closing date for the Old Mutual Trainee Underwriter Programme 2026 is 18 November 2026. Applicants are encouraged to submit their applications well before the deadline.

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