Manager/Insurance
Etisalat
Total years of experience :17 years, 2 Months
Working under Procurement &Contracts Department reporting to Director/Insurance. Fully responsible for all Insurance requirements of Etisalat including but not limited to Property All Risks, Public Liability, Cybercrime, Credit life, D & O and Medical Insurance. Advising Risk Management-Etisalat wide & IT team on new Insurance products suitable for the company to mitigate the risk.
Technical:
Management of the entire Insurance activities including but not limited to; Insurable Risks Assessment, policies procurement and claims Management.
Continuously Review/ Develop and Maintenance of the Insurance Policy & Procedures in coordination with the respective department \[Legal& Risk department/ Process Improvement/Audit/Property Management/Telecommunication/Mobile \]
Continuously monitor new risk areas, advise top management and ensuring that proper new Insurance are in place to mitigate any emerging risk scenarios
Procurement:
Leading RFI/RFQ/RFP and TENDER Management.
Liaison with Insurance Companies/ International brokers
Establishing collaborative and effective relationships with the key Re/Insurer and internal customer.
Contracts administration for Insurance Policy procurement and ensure that all the negotiated Agreement Terms & SLAs are fulfilled.
Identification and drive cost reduction opportunities through negotiation, alternate sourcing, while ensuring the continuation and enhancement of coverage.
Full In charge for renewals and analysis of policy and quotes.
Responsible for the financial approvals of Insurance as per Devolution of Power
Custodian of Etisalat-UAE wide Insurance policies
Claims Management:
Full Claim Management and ensure that claims are settled in full within the agreed SLA
Liaising with Loss Adjusters/Re/Insurers for speedy and effective claim settlement
Management reporting of claims and performance of polices to Audit Department.
Others:
Advising Risk Improvement Measures (RIMs) especially to Administration, Facility Management, Risk Management and Telecommunication and Mobile Team
Working under Strategic Planning & Financial Control Group reporting to Department Head-Procurement. Fully responsible for all Insurance requirements of banks including but not limited to Cybercrime, Credit life, BBB, D &O, Credit Shield, Medical Insurance, Group Life & PA. Advising Risk Management-Bank wide & IT team on new Insurance products suitable for the company to mitigate the risk as well as improving the lending capacity/business operations of the bank. Member of Group’s Business Continuity Management Team (BCM)
Technical:
Management of the entire Insurance activities including but not limited to; Insurable Risks Assessment, policies procurement and claims Management.
Continuously Review/ Develop and Maintenance of the Insurance Policy & Procedures in coordination with the respective department \[Legal /Risk department/ Process Improvement/Audit/Quality Assurance\]
Continuously monitor new risk areas, advise top management and ensuring that proper new Insurance are in place to mitigate any emerging risk scenarios
Procurement:
Insurance vendor Management including Registration, Classification and Performance Evaluation
RFI/RFQ and TENDER Management to support internal customers such as RBG /Operation, Facility Management and other subsidiaries.
Liaison with Insurance Companies/ International brokers
Establishing collaborative and effective relationships with the key Re/Insurer and internal customer.
Contracts administration for Insurance Policy procurement and ensure that all the negotiated Agreement Terms & SLAs are fulfilled.
Identification and drive cost reduction opportunities through negotiation, alternate sourcing, while ensuring the continuation and enhancement of coverage.
Full In charge for renewals and analysis of policy and quotes.
Responsible for the financial approvals of Insurance
Custodian of Bank wide (Conventional & Islamic) Insurance policies
Claims Management:
Bank Wide Claim Management and ensure that claims are settled in full within the agreed SLA
Liaising with Loss Adjusters/Re/Insurers for speedy and effective claim settlement
Management reporting of claims and performance of polices to Audit Department.
Others:
Advising Risk Improvement Measures (RIMs) especially to Administration, Facility Management, Risk Management and Credit Control team
Member of BCM Team
Working in the General Accident Department responsible for all underwriting and claims related issues of General Insurance. Major clients include Construction companies, Trading Companies, Private property risk management of Royal Families, Hospitals, Financial institutes, Consultancy Companies, Oil Field Companies etc.
Analyzing the requirements of clients and advice the best possible insurance solution based on their trade.
Advising Risk Improvement Measures (RIMs) to client for better Risk Management & avoidance
Preparation of Insurance Slips and detailed analysis of Quotes
Overall Management of clients Insurance Portfolio
Professional handling of claims for speedy and fair reinstatement of losses
Management reporting of the clients Portfolio for Internal and local market analysis.
Assist Management in finding out firm’s possible exposure to financial risk due to liability claims & recommending most apt Insurance coverage (Medical & General)
Analyzing Company’s risk exposure and assist in risk management.
Assessing Company’s General & Medical Insurance coverage providing suggestions and changing contract wherever necessary to get maximum benefits.
Following up for all major Claims for General & Medical Insurance
Implementation of Risk Improvement measures
Maintaining all Insurance related records.
Providing administrative support to the Company.
Directly liaising with Insurance Companies and brokers in respect of policies, premiums and claims.
Closely monitoring all showrooms, warehouses, offices & operational departments to ensure proper coverage and dropping risk exposure.
Member of Corporate MIS and budgeting team.
Worked as Group Insurance co-coordinator, supervising all General and Medical Insurance for more than 2, 000 members
Following up for all major Claims for General & Medical
Directly laisoning with Insurance Companies/brokers
Analyzing Company’s risk exposure and assist in risk management.
Sr. Accountant for one of the group companies.
Maintaining all Insurance related records.
Fellow- Inurance Institute of India under Dip #FE92743 dtd 27/01/2018
Licenciate from Insurance Institute of India. Pursuing Fellowship
Awarded First Class with 74% Marks.