OVERALL PURPOSE:

To conduct advanced medical underwriting analysis to determine the acceptability of the risk and premium within the authority limit for insurance contracts and prepare policies after ensuring that all relevant factors have been taken into consideration.

Key Responsibilities:

1- Underwriting

• Review quotations prepared by Junior Underwriters to control and process insurance contracts within authority limits.
• Define medical conditions of insurance and the amount of premium, within authority limit, in quotations according to underwriting guidelines and using the defined rating tools.
• Determine the customer’s loss ratio and provide reports to management with recommendations regarding the level of exposure to high risk customers.
• Ensure that all information needed for assessment of a customer and the preparation of a quotation has been obtained and is quality checked in order to perform all necessary analyses to assess the risk and its exposures and provide appropriate cover and pricing for non-complex cases.
• Provide input to the Team Leader Underwriting to contact brokers and reinsurance companies as appropriate, in coordination with other functions, in order to re-insure risks with reinsurance companies as per the ART treaty and retention policy.
• Consult with Team Leader Underwriting on high risk policies and risks beyond agreed limits and escalates accordingly to obtain necessary approvals.
• inquiries
• Conduct regular analysis and review of underwriting practices and procedures and provide any suggested improvements to the Team Leader Underwriting.
• Analyze any deviations from planned values in insurance policies and suggest corrective measures in order to avoid any future major discrepancies.
• Take ownership of non-complex insurance cases in order to proactively communicate with customers and other departments to enhance relationships and facilitate placement of highly visible business.
• Liaise with Claims division to address any delays or issues and receive input, trends and statistics regarding customers in order to take them into consideration when renewing policies.

2- Policies, Systems, Processes & Procedures

• Contribute to the identification of opportunities for the continuous improvement of systems, processes and practices to increase productivity and operational efficiency.
• Implement all relevant policies, processes, procedures and instructions so that work is carried out in a controlled and consistent manner.

3- Reporting

• Contribute to the preparation of timely and accurate reports to meet the requirements, policies and standards of the Underwriting function.

4- Cyber Security

• Responsible for complying with cyber security policy, standards and procedures

Academic Qualifications and Experience:

• Bachelor degree in general medicine and surgery.
• 3 – 5 years of related experience in health insurance.
• English Proficiency

• Bachelor degree in general medicine and surgery.
• 3 – 5 years of related experience in health insurance.
• English Proficiency