Underwriter/Reinsurance(Dual Role)
SABB TAKAFUL COMPANY (HSBC GROUP)
Total years of experience :15 years, 4 Months
Accomplished Insurance Underwriter with a vast skill set and experience performing a wide array of underwriting projects - including home, workers compensation, general liability, personal lines, commercial property, Causality and Banker's Blanket Policies. Proven success negotiating with clients, agents and staff members, consistently reaching a successful, profitable arrangement for all parties. Respected communicator; dedicated to surpassing objectives. Areas of expertise include:
• Responsible for analyzing risk of insurance applications for property, liability insurance policies.
• Extensive account maintenance on processed applications, with emphasis on follow-up documentation and accurate policy pricing.
• Reviewed new and renewal business requests as well as certain endorsements in order to determine insurability based on corporate guidelines and standards.
• Obtaining Ex-Committee/Board approvals whenever underwriting large risks.
• Reviewed and inspected reports and other supporting documents for compliance.
• Use underwriting discretion (within authority level) to approve a risk and or structure coverage to corporate standards.
• Initiated action to cancel a policy, modify coverage form or limit based on corporate guidelines and standards.
• Provided technical assistance to agents and processing staff on an “as needed” basis.
• Resolving concerns with internal and external customers.
• Providing input concerning work related issues as directed by management.
• 6 years commercial lines insurance experience.
• Ability to analyze and interpret insurance coverage, policies, procedures and reports.
• Effective verbal and written communication skills.
• Ability to handle multiple tasks as assigned.
• Thorough understanding of a personal computer including Microsoft Word and Excel.
Reinsurance:
Facultative Reinsurance Business
Participation on any risk offered shall be decided in accordance with the nature of the risk, risk located, Sum Insured, original gross rate, terms & conditions, treaty retention etc. are verified prior to acceptance levels provided by existing treaty facilities on various class of business viz. Property All Risk, Fire & Allied Perils, Public Liability, Workmen’s Compensation and General Accident from the Cedants or the placing Brokers/Agents.
Treaty Reinsurance based on Proportional Treaty
• Finalized Treaty Renewals from 2009 to 2013 independently.
• Liaising with concerned Dept. for improvement and changes in treaties.
• Preparing Treaty documents, treaty slips and correspondence with Reinsurers.
• Preparing Reinsurance statement of account, profit commission computation, excess of loss adjustments, Treaty Statistics, etc.
• Reconciliation and Premium Bordereaux, distribution of claim paid/outstanding and treaty accounts for both proportional and non-proportional treaties.