Senior Technical Broker | Insurance Underwriter Engineering Insurance & Related classes, Surety Bond
GM Financial Services
Total years of experience :16 years, 8 Months
Construction Guarantees & Credit Insurance:
• Evaluated bonds and guarantee applications to determine creditworthiness and risk levels
• Provide technical advice to surety clients on the implications of various surety bonds and guarantees wordings.
• Perform due diligence to determine the creditworthiness of customers.
• Review Surety bonds and Guarantees facilities in relation to clients financial and technical performance.
• Advise clients on the various forms of collateral to be used for guarantees.
• Market guarantees and trade credit insurance to clients.
• Work with the Executive to develop a risk management plan for the organisation.
• Perform risk identification, assessment, reporting and monitoring operations.
• Review and recommend improvements to risk management procedures.
• Assess and negotiate quotes from carriers based on exposure, risk and financing for Engineering Insurance, Construction Bonds & Guarantees and Credit Insurance clients.
• Ensure the provision of superior customer service standards across all stakeholder engagements.
• Actively source clients, build lasting relationships with clients and offer them products that best cover the risks faced by their business.
• Effectively assist in the development, documentation and execution of sales plans with emphasis on increasing marketing and sales activities.
Engineering Related Insurances:
• Conduct Risk Surveys on complex engineering projects.
• Provide Specialty broking and advise to clients on various types of engineering insurance covers.
• Appointed as Technical Expert to provide support on Contract Works complex claims.
• Evaluate potential risks, negotiate pricing with insurers and analyse of loss control.
• Evaluate new and existing policies in line with the company’s and insurers underwriting standards.
• Analyse the engineering risks and determine whether to accept or reject the insurance proposal.
• Provide advanced underwriting support whilst ensuring underwriting integrity to business partners.
Notable Achievements:
• Part of team that introduced fuel guarantees and trade credit insurance to the organisation which increased company commission revenue by 40%.
• Successfully utilised extensive knowledge of surety guarantees to restructure turned down applications on bonds and guarantees, while maintaining compliance with all underwriting and governance requirements.
• Successfully underwrote a diverse range of engineering projects, from large-scale infrastructure developments to specialized industrial facilities
Managing Underwriting Cycles within the Zimbabwean Short Term Insurance Industry