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Manager - Fire & General Accidents (FGA) Underwriting

8.00 to 10.00 Years   Al Kuwait, Kuwait   08 Jan, 2022
PROCAPITA Management Consulting
1 Jobs Openings
Job LocationAl Kuwait, Kuwait
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryInsurance & TPA
Functional AreaNot Mentioned

Job Description

We are looking for suitable candidates for the position Manager - Fire & General Accidents (FGA) Underwriting. The selected candidate will be?responsible for managing the Fire & General Accidents (FGA ) underwriting at the company which include (but are not limited to) risk evaluation, quotation preparation, policy issuance, and policy renewal.Roles & Responsibilities:

  • Implement and maintain FGA underwriting policies and procedures across the organization in order to achieve department objectives.
  • Oversee the development of prices for FGA insurance products to ensure that products? prices are competitive and are within the spending range of the organizations target customers.
  • Manage and approve the department?s activities with regards to FGA underwriting, renewal & cancellation to ensure the high profitability of General insurance.
  • Manage and monitor selling insurance policies through the underwriting department and review the number of claims with the claims sections and determine the successful insurance policy.
  • Ensure proper survey before issuing the policy and determining the appropriate premium.
  • Determine whether the insurance policy requires re-insurance and coordinating with the Reinsurance Department accordingly.
  • Monitor major economic, industry, and government legislation changes and trends to ensure that adjustments of the department?s policies and / or procedures and to prices are made as necessary.
  • Participate in development of FGA insurance products with the product development Department as well as pricing the newly developed products.
  • Review all reports for policy renewals frequently (loss ratio, outstanding premiums and instalments schedule) to maintain with the customers in question.
  • Review customers? feedback and find solutions for their problem if possible.
  • Coordinate with branches to provide recommendations to enhance underwriting activities and also with Sales & Marketing Department for setting the prices and minimize the loss.
  • Maintain a sound management development plan ensuring sufficient back up; availability of potential successors; and career opportunities for high performers.
  • Monitor performance and training needs of subordinates in order to maximize their performance to achieve functional objectives.

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