Duties & Responsibilities include but not limited to the following:
Assist in the renewal process of the Group insurance policies, all lines including but not limited to General lines, Motor, Medical & Life, special contingencies…etc.
Notify and alert insurers prior to each renewal and request the necessary data (policy performance, loss ratio, renewal terms)
Notify units to prepare the renewal data sheet including any alteration in values, assets, business activities, property…etc.).
Assist business units in the collection, update, and submission of renewal data.
Review submitted data and highlight major changes that require queries and clarifications.
Maintain efficient communication with all business units to assist in insurance and claims requirements and needs.
Assist in the issuance of periodic and annual departmental report as requested and guided by the Director of Insurance and Risk Management.
Communicate the updated data sheet to insurers and follow-up on the submission of renewal terms.
Review renewal terms and report any changes in terms of coverage, clauses, exclusions, limits, deductible, or premiums and rates.
Assist in the arrangement of any new insurance requirements.
Assist in identification of new operation risks in various business units and suggest any insurance upgrade/amendments in the existing policies, or new type of coverage.
Update periodically and whenever necessary, the Group Insurance universe (register).
Maintain and organize the shared insurance folder and ensure all policies and endorsements are updated and collected on time and lodged in the company’s record.
Maintain claim/loss record for each unit, insurance line wise.
Follow-up on the Risk Improvement Recommendations’ recommended internally from the department, as well as from insurers.
Assist in the arrangement of new insurance policies for new project and acquisitions.
Assist in organizing periodic insurance guidance and induction programs to business units.
Assist in organizing risk management and insurance workshops.
Any other tasks as instructed by the Line Manager
Knowledge of insurance products and the overall investment process:
Comprehensive knowledge of Insurance + investment management + current market / economic / financial trends and analyses At least 3-5 years’ experience in selling life Insurance products in the UAE Wealth management experience, with sales and products background. Familiar with financial planning concepts
Good interpersonal and communication skills Exhibit strong interpersonal skills and be a good team player Strong analytical/problem solving skills/quantitative skills Excellent presentation and computer skills Excellent verbal and written communication skills in English – good verbal communication in Arabic would be an advantage but is not essential to this role.
MBA or Business Degree holder Relevant certificates Insurance related are preferred. Competencies: Good team player with ability to manage teams, influencing and convincing people. Proven track record of developing and building client relationships Highly customer oriented Positive/can-do attitude. Highly motivated and results-oriented team player. Strong attention to detail