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Senior Underwriting Assistant Manager

SAICO Insurance

Riyadh, Riyadh Province, Saudi Arabia · Full Time

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Experience
6–8 yrs
Salary
Openings
1
Posted
4 weeks ago
Work mode
In office
Education
Bachelor's degree
Resume
Required to apply

Where you'll work

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Job description

Key Responsibilities

  • Preparing quotations, renewal notifications, documenting loss histories, and issuing insurance policies.
  • Leading the growth of non-marine general underwriting to maintain a balanced and profitable portfolio by implementing established underwriting best practices.
  • Conducting risk evaluation, technical assessments, pricing strategies, and underwriting for Property and General Accident (GA) insurance lines.
  • Monitoring and enhancing the underwriting portfolio by updating processes, rules, and guidelines to optimize profitability.
  • Managing business portfolio analysis for renewals and reassessment of reinsurance retention.
  • Supervising Risk Control initiatives to ensure risks are effectively managed and minimized.
  • Developing, applying, and updating pricing models and underwriting tools for accurate and efficient underwriting procedures.
  • Calculating premiums accurately by utilizing actuarial data, statistical information, and informed judgment.
  • Supporting risk placement with the reinsurance market when exposures exceed the company’s capacity and managing communications with business partners.

Qualifications and Experience

  • Possession of a Bachelor's degree in Business Administration, Insurance, or a related discipline.
  • Six to eight years of professional experience in underwriting or related fields.

Level

Senior

Minimum education

Bachelor's Degree

How they work

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