SENIOR UNDERWRITER – CASUALTY

15 يناير، 2023

0 1 2 دقائق

الوصف الوظيفي

ENIOR UNDERWRITER – CASUALTY – SUMMARY OF ROLES AND RESPONSIBILITIES

We are looking for an experienced Senior Underwriter to Casualty line of business. This position will report to Head of Non-Energy in General Insurance Division. Responsible for promoting and developing Casualty book of business, process, and concern resolution, as well as issuing basic policies and redirecting non-routine policies to the Head of Non-Energy. The Senior Casualty Underwriter provides operational support by reporting underwriting weaknesses and implementing their corrective actions as well as assessing clients applications fitness. Review all Casualty facultative offers and give instruction in accordance with Casualty underwriting guidelines. Liaise with reinsurance department for setting up proper Casualty reinsurance structure that assist their underwriting. Casualty portfolio forms integral part of General Insurance and comprises of Third Party Liability, Public/Products Liability, Workmen’s compensation, Employers Liability, Directors & Officers Liability, Professional Indemnity and other General Accident insurance policies

SENIOR UNDERWRITER – CASUALTY WILL BE EXPECTED TO:

Lead the Casualty Underwriting line of business
Follow General insurance Division’s Underwriting policies and procedures based on the company’s business plan and objectives.
Actively Underwrite Casualty portfolio
Promote, maintain and develop Casualty book of business in a profitable manner
Provide strategic direction, underwriting control and action for Casualty portfolio
Assist Head of Non-Energy in financial planning and forecast, management information for Casualty line of business, coordination with claims and reinsurance functions and other departments within Al Koot, meet performance standards etc.

RESPONSIBILITIES:

Promote and develop Casualty book of business
Set up Casualty Underwriting guidelines to be in line with the company’s plans and objectives.
Implement approved underwriting policies, processes and procedures
Put up budget and business plan for Casualty portfolio.
Review all Casualty RFP and prepare relative submission.
Examine all Casualty documents, classify and rate each risk to determine acceptability, coverage and pricing.
Analyze, and process insurance applications within approved limits.
Respond to customer queries and advise them as required as per underwriting guidelines
Forward the policies above approved limits to the Head of Non-Energy for review.
Send and follow-up on policy renewal reminders, as requested by underwriting management.
Study various insurance proposals through gathering and assessing background information.
Keep current with latest market evolution and trends.
Stay abreast of current and changing trends and leading practices in underwriting practices.
Underwrite allocated renewal cases. Policy retention and pricing in accordance with business plan to be achieved.
Perform other duties related to the job as assigned by the Head of Non-Energy

الوصف الوظيفي

المهارات

SKILLSETS:

Proven capability of underwriting in Casualty line of business
Technical knowledge of both Casualty insurance products and Casualty insurance industry
Be able to work independently and in a team
Adhere to Underwriting guidelines and company policies and procedures
Strong customer service and negotiation skills. A proven track record in development of strong business relationships with brokers and insureds.
You should possess strong analytical and problem solving skills as well as strong sales and marketing abilities.

QUALIFICATIONS:

Bachelor’s Degree in any discipline
Diploma in General insurance or Casualty Insurance
7 – 9 years in the insurance industry with 5-6 years’ experience in insurance related to Casualty field would be preferable.
Professional Certification in various insurance and reinsurance courses such as ACII or similar from a reputable institute
Fluency in English a must. Knowledge of Arabic an added advantage