Business Center Individual Manager
Allianz Saudi Fransi Cooperative Insurance Company
Total years of experience :17 years, 1 Months
Underwriting Operation Manager of the Retail Insurance Products, Corporate Motor and Corporate Life Dept.
Directs, controls and manages the Retail Underwriting Department, Corporate Motor Fleets and Corporate Life
Manages a team of 18 Life & Non Life Underwriters
Negotiates, services and manages new and existing business
Developing and monitoring individual products including Life (individual & Corporate), Saving plans (individual & Corporate), Motor (individual & corporate), Travel, Property, Personal Accident
Building and maintaining relationships and networks with business partners and other sales channels including agencies, brokers and Bancassurance
Coaching and supporting subordinates in technical and managerial skills
Responding to all SAMA (Saudi Arabian Monetary Agency) requests related to Retail products, Motor Fleet, Group Life and Group Retirement
Generating statistical reports & studies about insurance production including Persistency, Renewal and Collection information
Ensuring a strong portfolio management aligned with set financial KPIs ( Loss ratio, Frequency, Severity, Inflation trend and monitoring large accounts)
Revising insurance products rates based on portfolio performance, market study and experience rating.
Underwriting Operation Manager of the Employee Benefits insurance Products
Directs, controls and manages the Employee Benefits Underwriting Department
Manages a team of 15 underwriters
Negotiates, services and manages new and existing business
Developing and monitoring Employee Benefits products
Building and maintaining relationships and networks with business partners and other sales channels including agencies, brokers and Bancassurance
Coaching and supporting subordinates in technical and managerial skills
Responding to all SAMA (Saudi Arabian Monetary Agency) and CCHI (Council of Cooperative health insurance) requests related to Medical Insurance
Generating statistical reports & studies about insurance production including Persistency, Renewals and Collection information
Revising insurance products rates based on portfolio performance and market study
Managing the relationship with Medical TPAs making sure a high quality service is being provided to customers
o Development involvements (all units of BCI :LIFE, NON-LIFE, BA)
o Assisting BCI Manager on implementing the new processes including policy renewal, reminder Letters, POS, product’s procedures and department structure and Units.
o Assists the BCI Mgr in responding to all SAMA (SAUDI ARABIA MONETARY AGENCY) requests to BCI products.
o Assists the BCI Mgr in all BCI procedures & reporting.
o Supports subordinates in technical skills.
o Documents & updates BCI procedures.
o Life Underwriting for Bancassurance, Group Retirement and Individual Direct Sales Force. (DSF)
o Developing sales/underwriting procedures for life and non-life lines of business
o Signature of Motor Fleet & Individual, PA, Travel, Health, Life & Saving Schemes policies
o Involved in both corporate and individual direct and bancassurance saving plans, term life, personal accidents as well as Motor insurance for individuals and fleets
o Managing a team of more than ten life and non-life underwriters
o Dealing with fund managers for saving plan products (purchase & sale of fund shares)
o Working in both Takaful and Conventional life products
o Bancassurance retail saving plans underwriting
o Preserving Confidentiality of information.
o Group Life insurance:quotation & offer preparations.
o Reporting and Statistics preparation for all types of life products
o Assistance in technical studies:pension schemes, reserves, statistical reports…
o Complement existing team in tarification of existing products.
o Issue, Cancellation and Signature of authorized life products within authorized limits.
o Back office management of bancassurance products.
o Any other task required by management.
BS in Actuarial Sciences
Life Sciences section