Satheesh Mambally, Underwriter/Reinsurance(Dual Role)

Satheesh Mambally

Underwriter/Reinsurance(Dual Role)

SABB TAKAFUL COMPANY (HSBC GROUP)

Lieu
Arabie Saoudite - Riyad
Éducation
Baccalauréat, Economics
Expérience
15 years, 5 Mois

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Expériences professionnelles

Total des années d'expérience :15 years, 5 Mois

Underwriter/Reinsurance(Dual Role) à SABB TAKAFUL COMPANY (HSBC GROUP)
  • Arabie Saoudite - Riyad
  • Je travaille ici depuis janvier 2009

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.

Éducation

Baccalauréat, Economics
  • à Calicut University
  • avril 1995

Specialties & Skills

Reinsurance
Commercial Insurance
Casualty
General Liability
ICICI Premia
Pentasoft

Langues

Anglais
Expert
Arabe
Moyen
Hindi
Expert
Malayala
Expert
Tamil
Moyen

Formation et Diplômes

Insurance Preliminary Certificate (Certificat)
Date de la formation:
April 2004
Insurance Foundation Certification Exam (Certificat)
Date de la formation:
April 2011
HSBC Group Trainings (Formation)
Institut de formation:
HSBC In house Training
Date de la formation:
April 2012