Liability Underwriter

Key Accountability

Responsibilities

• Applies underwriting and risk selection techniques to determine the acceptability of new and renewal insurance risks.
• Responds to inquiries from distribution teams regarding underwriting processes and decisions, interpretation of policy forms and coverages, and premium levels.
• Review special programs made for selected intermediaries to improve the profitability of their book of business.
• Receive and review new business proposals, endorsements and renewals within authorized underwriting limits.
• Assess, evaluate and price risk using risk modelling techniques and prescribed underwriting guidelines.
• Gather, prepare and present monthly management reports on underwriting, operating costs, underwriting exposures and loss ratio.
• Analyses, evaluates, and classifies the assigned applications working with inspection reports and financial statements to aid in determining risk acceptability. The underwriter will determine the appropriate rates, and counsels with agents and/or potential insured for risk modification in order to make the risk acceptable.
• Provide first point of contact for escalation of any internal / external queries.
• Approves policies within defined authority limits.
• Liaise and interface with other verticals in the department to update on business
• Liaise with reinsurance and claims for service delivery issues.
• Assist in providing an accurate, high quality and speedy underwriting service that builds customer relations and credibility.
• Provide quotes to brokers / third parties / customers based on risk price analyses with the consultation of Seniors.
• Escalate customer issues and concerns where the timely resolution is not being achieved in light of the laid out policy and turnaround time.
• Liaise and assist distribution as well as finance and account team for premium receivables as well as premium payment to reinsurers. Ensure premium payment terms are not breached.
• Attend meetings with brokers or clients as and when required.
• Assist operations team as well as distribution team in managing premium booking etc. for the bound quotes.

Minimum Qualification

Qualifications

1.Professional & Specialty risks

• Professional Indemnity – Annual Cover (Architect, Engineers, Lawyers, Accountants, IT firms, miscellaneous)
• Single Project – construction PI with Extended Reporting period
• Comprehensive Crime / Banker’s Blanket Bond & computer Crime, Money, Fidelity
• Director and Officers’ Liability

2.Casualty Lines

• Casualty: CGL (Public, Product & Pollution Liability) cover for operational Risks (Malls, Residences, Utilities, Energy risks) and also for construction risks (sec II of MRe) including Petroleum projects and offshore
• Casualty: Workmen Compensation and Employer’s Liability
• Affinity Products: Extended Warranty, Accidental damage for Automobile including GAP cover and/or white goods like Mobile phones etc

3.Medical Malpractice

Language Proficiency

• Must: English
• Added advantage: Arabic

Computer Literacy

• Minimum requirement: MS Office, Excel, word, Emails
• Added advantage: PowerBI, AI tools, PowerPoint

Experience

• Minimum 5 plus years as casualty and/or Financial Lines underwriting experience
• Preferably with any reputed Insurance or Reinsurance Company

Driving License

• Preferable to have DL and have car
• Travel requirements:
• Open to travel for work