Senior Underwriting Officer, General Non - Marine
Wataniya Insurance Company
Total years of experience :14 years, 3 Months
- Daily, monitor underwriter queues for the department, to ensure timely underwriting decisions.
- Monitoring of results and developments for the allocated portfolio, including controlling data quality; monitoring and controlling of related accumulations any one event and per risk within the Company and Department processes.
- Proficiency with the underwriting module of empower.
- Advised underwriting staff when a final decision was difficult, marginal, and/or assistance was needed on appraisal issues.
- Upon rejection of a new business by an underwriting, the senior underwriting officer would perform an in-depth review and discuss with the regional underwriting manager to ensure that all avenues had been explored.
- Issue, Quotation, Endorsements, and Policies in line with Underwriting Authority
- Underwriting function includes pricing, as well as responsibility for insurance contract wordings.
- Liaising and supporting Reinsurance and Claims Departments
- Supporting the overall relationship with clients
- Implement the actuarial directives to ensure the adequacy of insurance premiums to meet any potential losses by entering authentic data into the pricing module and following Wataniya’s underwriting manual/guidelines.
- Determine; the extent of coverage, the premiums that have been charged, and other terms that were relevant and appropriate to the risk.
- Provided the reinsurance department with adequate information for facultative support in case of risks falling beyond the automatic facilities to secure special acceptance or alternative security Prepare quotations and pricing summaries and ensured a balance between competitiveness and exposure.
- Assess and suggest the possibility of policy in respect of renewal or issuing new quotation by investigating and reviewing the claimed history of the policy, calculating, and analyzing the policy's loss ratio and number of years insured.
- Suggested new rates or deductibles or changed the quotation terms and communicated them to the line manager for his/her approval.
- Analyze and compute results for appropriate premiums using actuarial information, other statistics, and own judgment.
- Identify potential underwriting opportunities and solutions for supporting the delivery of strategy through engagement
- Evaluate the opportunities and establish rules and guidelines to ensure effective risk management
- Establish the after-delivery monitoring standards and procedures
- Ensure risks are properly analyzed, determined, and evaluated under scheduled turnaround time and determine the benefit scope, terms, and conditions.
- Conduct business cases and presentations for management and counterparties
- Responsible for delivering the initiatives adopted by local business units and post-delivery monitoring of results.
- Support management in solving issues, creating value, maximizing growth, and improving business performance, through conducting analysis and research.
- Address business and operations gaps and propose solutions and action plans to bridge them.
- Entered data into insurance computer systems for all underwriting processes, maintaining the accuracy of customer, pricing, and other information and support duties to ensure the effective execution of customer requests
- Cleared & indexed new submissions received in the unit.
- Communicate with customers to confirm and obtain data needed for policy issuance.
- Issue and process policy documents and subsequent amendatory endorsements
- Assist in the renewal process.
- Process assigned worked promptly with close attention to detail.
- Collate and organize data from a wide variety of sources for supply and demand analysis, route planning, and service management activities.
- Data input of data collected from the operating plan.
- Checked the validation of data for accuracy, integrity, and quality during the input/edit processes and for all output formats.
- Followed up on data integrity and quality issues.
- Ensured all records were accurate and up to date.
- Process new business, renewals, collections, receipting and any other required transactions.
- Support continuous improvement within the company by providing recommendations to the line manager.
- Helped and assisted the line manager to delivered tasks projects and reporting as required.
- Provide full support to the EA, CEO and Chairman
This program is an excellent program for non-technical people who want to make more data-driven decisions. You’ll learn data analysis skills and tools that will help you throughout your career, whether you’re in engineering, sales, marketing, operations, etc. You’ll learn to use Excel, SQL, and Tableau to manipulate, analyze, and visualize data with the end goal of making better, data-informed decisions. This program is also great preparation for more advanced programs, such as the Data Analyst or Business Analyst Nanodegree programs. Depending on how quickly you work through the material, the amount of time required is variable. We have included an hourly estimation for each section of the program. The program is three months long (approx. 13 weeks). If you spend about 10 hours per week working through the program, you should finish each term within the 13 weeks. Students will have an additional four weeks beyond the end of the term to complete all projects.
Graduated
Insurance foundation certificate exam ( IFCE )