Usman Tariq, Executive Officer

Usman Tariq

Executive Officer

National Insurance Company Limited

Location
Pakistan - Islamabad
Education
Higher diploma, Diploma in Insurance
Experience
13 years, 7 Months

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Work Experience

Total years of experience :13 years, 7 Months

Executive Officer at National Insurance Company Limited
  • Pakistan - Islamabad
  • My current job since June 2014

Overseeing Marine Cargo Underwriting.

Executive Officer at National Insurance Company Limited
  • Pakistan - Karachi
  • October 2010 to May 2014

Responsible for managing overall operations of Marine Hull (including Ship Building risks) & Aviation Hull Departments.

major responsibilities are;
• Marine & Aviation Hull underwriting (includes generation of Debit Notes, Credit Notes, Cover Notes, Policies etc.).
• Evaluation and settlement of marine & Aviation hull claims (general average, particular average etc.).
• Appointment of Government approved Surveyors.
• General Insurance accounting software.
• Arrangement of Facultative and Treaty Reinsurance covers of Marine Hull, Energy and Aviation Hull.
• Reinsurance placement (local and Foreign Markets).
• Arrangement of short term reinsurance covers e.g. Additional War Risk, Kidnap & Ransom and Loss of Hire risk cover.
• Preparation of Renewal Information i.e. Loss Ratios, Risk Profiles etc.
• Liaison with Brokers, Re-insurer, treaty partners, clients and regulator (SECP & MOC).
• Close liaison with the Loss Adjuster of Hull claims and subsequently recovery from the Re-insurers.
• XOL recoveries and reinstatement's.
• Premium Bordeaux, Claim Bordeaux and monthly Performance evaluation report.
• Knowledge of policy wordings/extensions/ clauses/ warranties.
• Insurance/Reinsurance Accounting and Statistical works etc.
• Worked on several car and ear projects of dams, nuclear power plants, roads etc., acquired reinsurance coverage from abroad.

Education

Higher diploma, Diploma in Insurance
  • at Charted Insurance Institute London
  • January 2016

Exemption of 75 credits awarded by Charted Insurance Institute London on the basis of PGD in General Insurance.

Higher diploma, Certificate in Insurance
  • at Charted Insurance institute London
  • July 2015

1. Insurance regulatory Frame work. 2.claim handling process, 3.Principles of Takaful.

Diploma, Property Insurance
  • at Pakistan Insurance Institute
  • January 2013

Business Interruption Fire & Engineering Takaful Reinsurance Underwriting & Claims Management Statistics (SPSS & Mini tab)

Master's degree, Finance
  • at Comsats Institute of Information Technology
  • June 2006

BS(BA) BAchelors of Science in Business Administration (4 years).

Specialties & Skills

General Insurance
Insurance Claims
Reinsurance
General Administration
General Business Administration
General Insurance Accounting Software
MS Word
MS Excel
MS Power Point
Underwriting

Languages

Urdu
Expert
English
Expert
French
Intermediate

Memberships

Pakistan Insurance Institute
  • Member
  • January 2011
Social Bond Welfare Organization
  • Manager Hr & Admin
  • January 2012

Training and Certifications

YES (Certificate)
Date Attended:
December 2011
Valid Until:
December 2011
yes (Certificate)
Date Attended:
December 2011
Valid Until:
December 2011
yes (Certificate)
Date Attended:
July 2012
Valid Until:
July 2012

Hobbies

  • playing games (indoor and outdoor), net surfing and book reading, event management, travelling