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Head of Energy

10.00 to 15.00 Years   Doha, Qatar   02 Aug, 2023
AL KOOT INSURANCE & REINSURANCE CO.
1 Jobs Openings
Job LocationDoha, Qatar
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryInsurance & TPA
Functional AreaNot Mentioned

Job Description

Position : Head of EnergySection : General InsuranceCompany : Al Koot Insurance & Reinsurance CompanyLocation : Doha, QatarExperience : 10 ? 15 Years relevant experienceNo of resources : 1Purpose: We are looking for an experienced Energy Underwriter to Head the Energy line of business. Head of Energy will report to Underwriting Manager ? General Insurance. Energy forms the integral part of General Insurance portfolio. The Head of Energy will have the responsibility for a broad portfolio comprising of upstream, midstream and downstream oil & gas, petrochemicals and power risks, managing and expanding the portfolio and team. Our client base includes national oil companies, international oil companies, operators, drilling contractors and other service providers to the Energy and Power sector. Coverage offered is Operational Package, Property Damage, Business Interruption, OEE, TPL, Construction (Offshore & Onshore) etc.Head of Energy Will be expected to:

  • Lead the Energy Underwriting unit
  • Establish Energy division?s Underwriting policies and procedures based on the company?s business plan and objectives.
  • Actively Underwrite energy portfolio and Manage & oversee the Energy insurance underwriting philosophy
  • Promote, maintain and develop Energy book of business in a profitable manner
  • Expand local and international energy book of business
  • Provide strategic direction, underwriting control and action for Energy portfolio
  • Provide financial plan and forecast, management information, coordination with claims and reinsurance functions and other departments within Al Koot, meet performance standards etc.
Responsibilities:
  • Actively underwrite Review new and renewal submissions, endorsements, policy wordings, risk engineering reports, loss history, financial reports as well as conduct appropriate research to determine extent of participation on each account
  • Calculate appropriate risk premium
  • Drive day to day underwriting function, manage emerging risks through underwriting measures, driving and contributing to the development & implementation of appropriate policy wordings, clauses and exclusions.
  • Drive financial planning and forecasting process
  • Monitor risk exposures with limits outlined in policies and procedures
  • Develop and adapt the underwriting philosophy and portfolio strategy to achieve profitable underwriting results
  • Provide timely and highest standards of advice, assistance, response, service to enquiries from clients/brokers
  • Drive key broker and client relations, Promote account retention.
  • Initiate and manage opportunities for cross selling.

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