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Manager ? Life & Medical Underwriting

8.00 to 12.00 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 - Claims Management. The selected candidate will be responsible for managing the Life & Medical underwriting activities at the company which include (but are not limited to) risk evaluation, quotation preparation, policy issuance, and policy renewal.Roles & Responsibilities

  • Set Life & Medical underwriting policies & procedures and the criteria of assessing risks associated with each Life & Medical insurance services.
  • Ensure the implementation of Life & Medical Underwriting Policies & procedures at the branches and are in compliance with the overall Operations guidelines so that all relevant procedural/legislative requirements are fulfilled and delivered in a consistent manner.
  • Oversee the development of prices for Life & Medical insurance products to ensure that products? prices are competitive and are within the spending range of organizations target customers.
  • Manage and monitor selling insurance policies through the underwriting department in coordination with the Sales & Marketing department.
  • Ensure that TPA is updated with new or any modification (changes, additions, deletions) on the medical insurance policies and procedures related to underwriting in addition to updated list of providers.
  • Contribute to risks assessment in risky and odd cases and take appropriate decision.
  • Monitor major economic, industry, and government legislation changes and trends that require the adjustment of the department?s policies and / or procedures and to prices are made as necessary.
  • Participate in development Life & Medical 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 and coordinate with branches to provide recommendations to enhance underwriting activities.
  • 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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