Insurance Manager
Western Bainooa Group
Total years of experience :19 years, 9 Months
Currently serving in the capacity of INSURANCE MANAGER of this leading local group for General Contracting, Transport and Quarries based in Abu Dhabi.
Job Responsibilities
• Handling all operational functions of the Insurance process and responsible for all insurance jobs (Underwriting & claims of all classes of insurance) and any other issue related to insurance on behalf of the group.
• Analysing insurance requirements of the company and carry out the risk evaluations / assessments and ensure compliance with insurance process and procedures. Provide guidance and advice to top level management on developing, implementing and revising insurance programs and policies.
• On yearly renewal approaching different insurance co., to avail best coverage, competitive quotation, review, evaluate and negotiate the same with Insurance companies as per Group requirement and subsequent discussion / approval recommendation to high level management for each and every fleet policy plus the above same exercise for each and every CAR /TPL policy as and when required for different projects
• Maintaining Workmen’s compensation policy for almost 2500 employee, worth of (Approx. 40 millions sum insured) and subsequent workmen’s compensation claims (settled 300 WC claims (Small / complex / death claims since date of joining)
• Maintaining / arranging / underwriting Contractors All Risk /TPL Policies for each and every project as required by the Group and responsible of subsequent claims
• Maintaining Contractors Plant and Machinery policy worth of (approx. 186 millions) and subsequent claims (almost settled 40 - 50 CPM / engineering claims)
• Maintaining Motor comprehensive fleet policy (for almost 525 small and heavy vehicles, worth of 105 million) and Third Party fleet policy (for almost 216 vehicles and equipment) and responsible for subsequent claims for these fleet policies (Handled almost 900 Motor claims including numbers of Total Loss motor claims)
• Maintaining Group Medical Insurance policy for almost 320 senior staff / family members and 2200 lower staff including labours and subsequent reimbursement claims as and when arise
• Maintaining other insurance policies i.e GLPA, Fire, Property All Risk, Money in transit, Fidelity insurance for group and responsible for subsequent claims
• Review and approval of each and every debit / credit notes of each and every policy mentioned above in respect of underwriting as well as claims
• Maintaining a register for claims and underwriting and assist account department in reconciliation with insurance companies by providing SOA
• Coordination and liaison with Insurance companies, Brokers, Loss Adjusters and Project Managers etc for different work criteria and in order to resolve outstanding claims
• Renewal of registration of vehicles with authorities and subsequent follow-up of relevant policies as and when due for renewal
• Responsible for the full operation of Insurance department and work with the Group’s subsidiaries to monitor the Insurance department based on service quality, cooperation / performance / weakness of staff and subsequent steps to improve the services provided
Major Achievements
• Received increment and Bonuses from the company in appreciation of efficient and professional throughput.
Served in the capacity of INSURANCE IN-CHARGE of this leading local group for General Contracting, Foundation company based in Dubai.
Job Responsibilities
• All insurance related matters of the Group particularly but not limited to
• Workmen’s compensation policy for almost 780 employee, worth of Approx. 13 millions sum insured and subsequent claims
• Contractors All Risk /TPL Policy for each and every project and subsequent claims
• Contractors Plant and Machinery policies worth of approx. 250 millions and subsequent claims
• Motor comprehensive fleet policy worth of AED. 10 million and Third Party fleet policy for vehicles and equipment and subsequent claims
• Group Medical Insurance policy for almost 200 senior staff and 780 lower staff including labours and subsequent reimbursement claims
• Other insurance policies i.e Fire, Property All Risk, Money in transit, Fidelity insurance for group and claims from these polices
• Follow-up / prompt settlement of subsequent claims arising from these policies with Insurers
• Coordination and liaison with Insurance companies, Brokers, Loss Adjusters and Project Managers etc for different work criteria and to resolve the outstanding issues and claims
• Renewal of registration of vehicles with authorities and subsequent follow-up of relevant policies as and when due for renewal
• On yearly renewal approaching different insurance co., to avail best coverage, competitive quotation, review, evaluate and negotiate the same with Insurance companies as per Group requirement and subsequent discussion / approval recommendation to high level management for each and every policy
Major Achievements
• Received increment from the company in appreciation of efficient and professional throughput.
ARAB LOSS ADJUSTERS INTERNATIONAL LLC - DUBAI
Served in the capacity of CLAIMS IN-CHARGE of this leading multinational loss adjusters company based in Dubai.
Job Responsibilities
• Handling of company claim database and preparation of weekly / monthly / quarterly claims feedback report for all loss adjusters
• Preparation of loss adjustment reports for Insurers, which required in-depth analysis of insurance policies terms / conditions (i.e CPM, CAR, EAR, Fire, PAR and TPL)
• Claim negotiation / liaison with Insurance companies, Insured and brokers
• As a member of M/s. Arab Loss Adjusters International LLC “Catastrophe Response Team” (Cyclone Gonu - Oman) appointed by M/s. Dhofar Insurance Co., (S.A.O.G) - Oman performed an important in-house role in claims department by handling almost 2, 300 “Gonu” claims throughout Oman along with the team.
• Received an increment and bonuses from high level management
➢ 2012 CII (Claims) from The Chartered Insurance Institute-London - U.K
➢ 1999-2001 M.Sc (Computer Science) from University of Peshawar, Pakistan.
➢ 1996-1998 B.Sc (Computer Science) from Govt: Post Graduate College, Mardan, Pak.