Job Description

Company Description

IGI - International General Insurance Co. Ltd. is a leading international specialist commercial insurer and reinsurer with a global portfolio of Energy, Property, Construction & Engineering, Ports & Terminals, Marine, Financial Institutions, General Aviation, Professional Indemnity, Casualty, Directors’ and Officers’, Legal Expenses, Political Violence, Contingency and Treaty Reinsurance. Registered in Bermuda as a limited liability company, with operational headquarters in Amman, Jordan and offices in London, Malta, Bermuda, Norway, Dubai, Kuala Lumpur and Casablanca, we aim to deliver outstanding levels of service to our clients and brokers.

Duties and Responsibilities

• Assists in business planning and contribute to the corporate goals and objectives.

• Assists corporate management establishing underwriting strategies, underlying policies and procedures with related guidelines in line with Corporate direction.

• Assists Class underwriter in developing and managing portfolio.

• Develops and oversees pricing strategies in line with market opportunities and internal return expectations.

• Underwrite and monitors regularly to ensure risk selection, pricing and underwriting standards are met with.

• Negotiates policy terms and conditions with clients, intermediaries ensuring Company’s underwriting guidelines and risk appetite are met with expected returns.

• Authorises reinsurance of an inward business when risk exposures warrant, adhering to delegated authority matrix.

• Provides specialist advice during claim process as and when required.

• Consciously adheres to all regulatory and/or Government’s, state regulations, orders and pronouncement.

• Responsible for meeting plan targets and remains accountable for variances.

• Review and analyze portfolios to take corrective actions as and when required.

• Ensures an appropriate level of personal specialist knowledge and competence is maintained through a defined programme of training and continuing professional development as determined by prevailing regulatory requirements and internal standards.

• Establishes and maintains effective working relationships with brokers.

• Conducts technical review of underwriting books of offices, branches assigned.

• Oversees the teamwork of underlying employees to assure efficiency and effectiveness at all times and provide technical assistance within the team.

• Any other functions as delegated.

Job Specifications

• Academic Qualifications:

  • University graduate

  • Post-graduation degrees and or professional accreditation will be preferred.

• Experience Required:

  • Minimum 10 years’ experience in insurance industry.

• Training Required:

  • Management courses / Underwriting Seminars/Conferences

• Languages:

  • Fluent in written and oral English

• Key Competencies

  • A Proactive team leader

  • In depth understanding of insurance and reinsurance principle & practices

  • Well versed with fundamentals of corporate management as to ‘planning, organizing, directing, staffing, coordinating, reporting and budgeting; in order to achieve desired returns for the company.

  • Superior analytical, technical and decision making skills

  • Excellent communication skills

  • Presentable with mature composure