Senior Underwriter Hybrid
3 days ago
We are seeking a Senior Group Underwriter to join our team in Dubai. Within this role, you will be responsible for underwriting health, life, and disability products for Allianz Partners' large corporate clients. Evaluate and issue quotes for large corporate insurance schemes in accordance with company underwriting guidelines, pricing methodologies, and other relevant regulations.
Gather and review background information in order to effectively assess risk.
Analyse claims data and risk factors to forecast future claims levels and set insurance premiums.
Collaborate with Sales and Relationship Management teams throughout contract renewals and tenders to reach target KPIs, while maintaining underwriting standards.
Prepare and issue client utilisation reports, including commentary and explanation of observed trends and scheme performance.
Take ownership of queries received within the team and deliver a quality service and response time to colleagues.
Represent Underwriting team on strategic projects, as needed.
Strong Excel skills essential, competence in Word and PowerPoint.
~ Risk Analysis: Strong ability to assess risk using both qualitative and quantitative data, including financial records, credit scores, and historical performance.
Attention to Detail: Ability to scrutinize complex applications and documents to identify potential risks and ensure the terms are accurate.
Insurance or Lending Expertise: Deep understanding of the specific underwriting practices, laws, and regulations related to the insurance or lending industry.
Understanding of market trends, competitor pricing, and regulatory changes that impact underwriting decisions.
Judgment and Discretion: Ability to make well-informed decisions under pressure, balancing risk with profitability.
Communication Skills:
Relationship Building: Ability to build and maintain strong working relationships with brokers, agents, and clients.
Experience in supervising and guiding a team, providing mentorship and training to junior underwriters.
Creative Problem-Solving: Developing new ways to improve underwriting processes, assess risks, and enhance profitability.
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