Senior Underwriting Officer
Jordan Insurance Company
Total years of experience :15 years, 3 Months
Authorize and release all Group & Individual Medical quotations for new business, renewals and endorsements.
- Receive quotation requests, quote online or forward to the reinsure depending upon size of the scheme.
- To issue and dispatch proposal forms and the Policy Documents to the clients.
- To ensure that proper underwriting guidelines are being followed.
- To ensure that correct policy document are sent to the client and acknowledged.
- To authorize endorsements and alterations to the Group & Individual Medical Policies, Issuing approving Debit/ Credit notes.
- Corresponding with the brokers and clients regarding queries.
-Worked on product development, MIS and technical reporting.
- Follow up with regulatory authorities like DHA, HAAD. (Preparing and submitting HAAD/DHA products on HAAD/DHA Portal for approvals, as well as the Preparation of Reports and documents required for HAAD/DHA License every year).
- Follow up on renewal lapses to ensure the renewals are done timely.
- Ensure credit & debit notes are issued and Premium Refunds are timely and accurately done.
I evaluate the risk and exposures of potential clients. and decide how much coverage the client should receive, how much they should pay for it, or whether even to accept the risk and insure them or not. My job involves measuring risk factors and determining the premium that needs to be charged to insure that risk. The role function of my job is to protect the company's book of business from risks that they feel will make a loss and issue insurance policies at a premium that is commensurate with the exposure presented by a risk.
I typically do the following:-
•Analyze information in insurance applications
•Determine the risk of insuring a client
•Screen applicants on the basis of set criteria
•Determine appropriate premiums and amounts of coverage
•Follow up with broker, agents and the sales department.
•Produce monthly reports for specific clients that show the loss ratio, member utilization for the upper management.
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courses: Training Courses I have Intermediate Insurance Diploma from Bahrain Institute for Banking & Finance
courses: Training Courses I have Intermediate Insurance Diploma from Bahrain Institute for Banking & Finance