Bassam Semaan, Director Life Insurance

Bassam Semaan

Director Life Insurance

Arabia Insurance Company

Location
Saudi Arabia - Riyadh
Education
Bachelor's degree, Business Computer
Experience
17 years, 5 Months

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Work Experience

Total years of experience :17 years, 5 Months

Director Life Insurance at Arabia Insurance Company
  • Lebanon - Beirut
  • My current job since June 2016

Managing Life Insurance operations in 5 countries.
Monitoring and managing P&L.

Senior Medical & Life Insurance Manager at Arabia Insurance Cooperative Company
  • Saudi Arabia - Riyadh
  • October 2009 to October 2015

• Proved track record in reducing and maintaining a favorable technical loss ratio
• Restructuring the Medical Insurance Department.
• Setting up IT system installation and testing processes.
• Identify, recruit and train staff members.
• Managing distribution channels and enhancing company Branches engagement in Medical Insurance business.
• Follow up and manage Reinsurance treaties.
• Close engagement with TPA to monitor results and ensure customer satisfaction.
• Member - Underwriting Committee
• Member - Claims Committee
• Member - Reinsurance Committee

Head of Direct Sales at Sabb Takaful
  • Saudi Arabia - Riyadh
  • September 2007 to September 2009

• Setting up, leading and managing the Direct Sales Team within the Company.
• Ensuring that the sales team is aligned with and contributes to the achievement of the overall Company’s strategy and goal of maintaining a significant market share.
• Maintaining internal controls, compliance and be aware of associated risks.
• Manage the activities of SABB Takaful Retention Team, to maximize company’s retention ration.
• Manage renewal activities through SABB Takaful’s distributor Call Centre and Operations.

Bancassurance Manager at Mediterranean & Gulf Insurance and Reinsurance Company (MEDGULF) – Lebanon
  • Lebanon - Beirut
  • June 2006 to August 2007

• Monitor insurance sales operation with affiliated banks.
• Seek new opportunities, by introducing the concept of Bancassurance to new banks.
• Manage 120+ sales agents located at 43 branches.
• Motivate and train sales agents.
• Product development.

Education

Bachelor's degree, Business Computer
  • at Lebanese American University
  • August 1985

Passed

Specialties & Skills

Reinsurance
Operations Expertise
Risk Management
Claims Management
Underwriting
Product Development
Business Development
Risk Management
Operations Management
Claims Management
Underwriting
Bancassurance

Languages

Arabic
Native Speaker
English
Expert

Training and Certifications

Fellow, Life Management Institute (Certificate)
Date Attended:
September 1995
Valid Until:
January 9999