Senior Underwriter Asst. Manager
Saudi Arabian Cooperative Insurance Co. (SAICO)
Total years of experience :22 years, 5 Months
Working as a Senior Underwriter (Regional Underwriter) Assistant Manager Underwriting in Western Region (Jeddah).
Handling all inquires for quotations and claims
Playing a major role in the General Insurance department of the Central Regional Office which coordinates all the insurance related activities.
Dealing with various International and local Insurers like AXA, Medgulf, Tawuinya (Key Accounts), Malath, Trade Union Ins. SAICO, Allianz etc, in connection with various insurance and re-insurance related jobs.
Providing Client services to our International and Local Clients like ANB, KUDU, McDonals, Al Issa group etc
Conducting periodical meetings with the Clients to discuss and evaluate the Insurance coverage, Insurance major claims, Claims Paid, Claims rejections, Premium Outstanding, and other major issues related to the insurance.
After assessing the risk preparing Broking Slips, to approach the market to obtain quotations.
Making Quote Analysis by making comparison sheets for the rates, benefits, Terms, conditions and recommending the client to the best offer and benefits quoted by the insurer.
Reminding & collecting the premium payments from the clients, when the premium amount become due.
Handling General Lines claims (other than Motor) Keeping separate record for tracking the submitted claims to the insurers and follow-up them, if any submitted claims taking more than agreed days for the settlement.
Conducting meetings with the Clients and Underwriters in order to discuss and solve the issues related to the policy.
Communicating with the Clients and Underwriters for their day to day insurance related needs.
Handled all General Lines claims except Motor from the registration of claims up to their settlement. Plan, organize and direct all activities of claims and survey department.
Generates outstanding & paid reports and also manages preparation of all the desired management reports regarding claims.
Conducted claim survey and preparing reports. Appointing loss adjuster as deemed necessary.
Identify and communicate to Underwriting Department, any environmental, regulatory, or claim issues that may affect results.
Approved claims up to delegated authority. Presented claim studies to the management in excess of authority.
Negotiate settlement of complex/sensitive nature claims with effective control and manage “out of court” settlements.
Handled recoveries from third parties, Carriers and parties held liable.
Also Handled Fac. Inward claims. Liaising with the Reinsurers when inquiries arise.
Worked in General Claims Department as General Claims Supervisor. Handling all General Claims with a limited staff.
Preparing claims bordereau i.e. monthly quarterly and yearly, both paid and outstanding claims.
Supervised and guided employees on organizing, prioritizing and scheduling work assignments.
Handling recoveries from third parties, Carriers and parties held liable.
Ensure claims are valid and settlements are made according to company practices and procedures.
Identify valid/invalid claims by careful analysis of the terms and conditions of the policy together with the claim information.
Collecting information from customer, sending Broking Slips to various Insurers consisting of suggested rate, cover, terms and conditions as per the risk requirement.
Risk presentation to different insurance companies through survey reports, Broking Slips and letters.
Providing best and most suitable cover at most economic cost to customers through various Insurers.
Preparing quotations and comparison sheets of best insurance companies for client’s selection.
Guidance to clients in any claim and responsible for correspondence with Insured and Insurer.
Preparing of various lines of Insurance Quotations for Direct Customers and Brokers.
Issuing and preparation of policy documents and attaching Clauses and Warranties.
Issuing different types of Endorsements i.e. Addition, Deletion, Renewal or Cancellation.
Preparation of Renewal Notices every month after checking the loss ratio of clients.
Bachelor's of Commerce
