Senior Underwriter - AQUILANO Insurance PCC Ltd - City of London, United Kingdom
(2024-02 - 2025-01)
- Examine insurance proposals, gathering and assessing background information and carefully reviewing them, in order to effectively assess the risk.
- Calculate possible risk and determine appropriate insurance premiums using actuarial information, other statistics and own judgement, within own authority level, making necessary referrals in accordance with company policy.
- Deliver training as and when necessary for staff, brokers and clients and assist with the development of underwriting assistants.
- Skilfully trained and developed a team of underwriters.
- Reduced Client / Broker SLA to 2 days from initial submission.
- Pivotal marketing strategies thereby extended the business to various new regions including LATAM, North America, Europe, MENA, Africa, Asia, South Asia and South Pacific.
- Liaising with IT in developing the company profile and instrumental in assisting of the company software.
Underwriting Supervisor - ALLIANZ - Riyadh, KSA
(2011-03 - 2023-03)
- Supervision for a team of underwriters who review, analyze and inspect various insurance risks for all classes (corporate businesses via brokers and direct sales channels).
- To set accurate, realistic premium forecasts and business plans in a timely manner to enable management to set accurate budgets and performance targets.
- Seek reinsurance and coinsurance placement on new & existing lines those exceeding treaty limits, in coordination with direct managers.
- Underwriting and placements of highly specialized lines of business namely Property with Business Interruption; Sabotage and Terrorism Insurance; Public & Product Liability; Professional Indemnity (Annual and Single projects); Aviation liability; Financial lines (Directors and Officers Liability; Professional Indemnity; Banker's Blanket Policy); Cyber Crime Insurance; Boiler, Pressure & Vessel Insurance; Medical Malpractice.
- Fulfil individual risk and compliance related obligations, and provide support to and monitoring of the Branch's adherence to Group and Regulator guidelines.
- To liaise with brokers, clients and potential clients preparing quotes and negotiating terms as required, writing polices and specifying any conditions that should apply to policies.
- Proactively participate in projects or other initiatives designed to improve the effectiveness or efficiency of the department.
- Marketing of the company products and enhancing in accelerating the business.
- To deliver training as and when necessary for staff, brokers and clients and assist with the development of underwriting assistants.
- Lead by example through seeking out and leveraging diversity in all its forms and to create an inclusive work environment where innovation and fresh perspectives are embedded for the benefit of our people, our business and for the customers and communities that we support.
- Improved underwriting profitability by implementing refined risk selection strategies and portfolio optimization, resulting in a significant reduction in loss ratios and increased net profit margins.
- Achieved substantial enhancements in underwriting efficiency, reducing processing times by 2 days through the integration of advanced underwriting software and streamlining workflows.
- Led the expansion of the company's underwriting portfolio into new lines of business, effectively diversifying risk exposure and increasing market.
- Mentored and developed a high-performing team of underwriters, resulting in a 10% increase in the team's underwriting accuracy and a 40% improvement in customer satisfaction, contributing to the company's reputation for excellence in underwriting services.
Underwriter - Non-Marine Insurance - Saudi Arabian Cooperative Insurance Company (SAICO) - Riyadh, KSA
(2009-10 - 2011-02)
- Examination of various Engineering, P&C (property and casualty), Liability and Motor lines in correlation with service team to provide underwriting functions including price fixing, formal quote releasing, coverage negotiations, policy issuance.
- To develop and maintain relationships with key brokers and clients at all relevant levels of their business.
- To accurately enter data into company systems and produce management reports that ensure that the company remains aware of the nature and financial impact of risks written.
- Placement of facultative outward reinsurance/coinsurance policies of major accounts and maintain documented records.
- Generation of premium bordereaux (class wise) on daily and monthly basis and reconciling with the Monthly Premium Summary.
- Improved quality of department operations by implementing strategic process improvement.
Client Supervisor - MARSH - Riyadh, KSA
(2009-02 - 2009-08)
- Building, maintaining and enhancing relationship with clients to develop long-term satisfaction.
- Handle customer needs with reliability and be responsive in providing prompt service including propose solutions, policy selection, premium collection, claims handling, manage and Monitor Loss Ratio.
- Advising clients on risk management initiatives.
- Ensure full compliance with all internal processes including accurate and timely maintenance of CRM (customer relationship management) records.
- Liaise with other internal departments as required to ensure smooth running of all interactions that the customer has.
Audit Assistant - S. Joseph & Company, Chartered Accountant - India
(2004 - 2007)
- Perform basic auditing tasks.
- Monitor and analyze the financial reports of a company.
- Check the accuracy of accounting systems and procedures.
- Check all accounting and clients' databases are updated and functioning properly.
Tally Trainer - Tally Academy - Kerala, India
(2006 - 2007)
