Elias Rached

A 17 years of experience insurance professional, with 14 years in Saudi Arabia, where I have developed expertise in risk management, insurance, and reinsurance across various sectors like construction, power plants, and property development. My diverse roles at Addison Bradley, Allianz Saudi Fransi, and Elite have given me a broad understanding of underwriting, operations, and digital transformation, allowing to drive profitability, market growth, and customized insurance solutions. Passionate about working with teams to execute strategies, I value strong relationships and transparent communication as key to organizational success.

My leadership approach focuses on leveraging technology, data analytics, and AI to enhance customer experience and improve risk management services.

Technical Manager – General Lines - Elite Insurance Brokerage Company - Saudi Arabia

(2023-05)

As part of underwriting oversight, ensuring adherence to guidelines, conducted accurate risk assessments, and maintained competitive pricing while ensuring profitability, particularly for complex accounts. Ensuring full regulatory compliance by collaborating with legal teams to address local and international insurance regulations. Providing technical support to key clients and sales teams, offering customized solutions and assisting with large accounts, while also analyzing portfolio risk and implementing mitigation strategies.

Additionally, to developing reporting systems to monitor portfolio performance and profitability, delivering actionable insights to senior management.

• Digitalization of insurance product B2B: The digitalization of B2B insurance products enhances customization, efficiency, and risk management by leveraging data analytics, AI, and automation. Businesses benefit from tailored coverage, real-time risk monitoring, and faster claims processing through digital platforms, while technologies like IoT and blockchain provide dynamic, secure solutions. This transformation enables insurers to offer more flexible, proactive, and integrated risk management s
• Insurance Consultancy: expert guidance to individuals or businesses on selecting the most appropriate insurance coverage based on their specific needs and risk profile. Analyze risks, offer tailored solutions, and assist with policy management, ensuring clients receive optimal protection and value from their insurance arrangements.

Operation Manager of the Western Region - Allianz Saudi Fransi Cooperative Insurance Company - Saudi Arabia

(2020-05 - 2023-05)

P&C Underwriting, and servicing. Develops & implements business developments initiatives in accordance to AzSF Strategy by ensuring portfolio is profitable, and ensure Company sales target achievement in full compliance per Company Guidelines by Monitoring, and ensuring day-to-day administrative and operational and service activities.

Head of Business Center Corporate (P&C) - Allianz Saudi Fransi Cooperative Insurance Company - Saudi Arabia

(2016-06 - 2020-05)

Ensure Underwriting profitability, Reinsurance Placement and Sales Target achievement for P&C portfolio, by monitoring, supporting, Coaching P&C Team with a proper and efficient Technical / Underwriting knowledge along guaranteeing adequate and quick response to Sales Channels.

Underwriting Manager (P&C) - Allianz Saudi Fransi Cooperative Insurance Company - Saudi Arabia

(2011-05 - 2016-06)

Evaluates risks, manages, negotiates & takes decisions on business transactions that need to be referred. Organizes & manages new business & customer retention activities. Implementing renewal strategy & arrange facultative reinsurance whenever required. Solution Oriented to sales channelsin order to secure profitable and retainable business. Motivates and coachesteam to learn new skills& help them in their personal development.

Associate Risk Manager - Addison Bradley International Sal. - Beirut, Lebanon

(2008-05 - 2011-05)

Coverage acquisition, insurance tendering and negotiation / buyer of insurance and Reinsurance Company and Broker activities such as Reinsurance Placement / Reinsurance Negotiation, Policy Wordings, Claims handling and settling, Damage Surveys, Risk Reviews, Accident Investigation, plus Risk Management activities such as Safety Audits, Procedure Writing and Review and Preparation of Contract Insurance and Indemnity Clauses.

Administrative Coordinator - SOFTFLOW - Beirut, Lebanon

(2007-09 - 2008-04)

Assisting Managing Director in various administrative tasks (HR and Operations)

Account Executive Retail Banking - BLOM Bank - Beirut, Lebanon

(2006-10 - 2007-07)

Cross-selling domiciliation accounts, credit cards, personal loans, car loans, and saving accounts product. Follow-up of previous domiciliation and exploring potential new Clientele.

Bachelor of Business Administration - Business Administration - University of Balamand (2004 - 2007)

Bachelor of Mechanical Engineering - Mechanical Engineering - Lebanese American University (2000 - 2004)

Lebanese Baccalaureate. II in Life Sciences - Life Sciences - College Mont La Salle (1990 - 2000)