Insurance Manager

Company Name: Al Ghurair
Location: UAE

To manage all the insurance activities and tasks for AGP BU and act as subject matter expert in all insurance related areas including keeping track of insurance policies performance, claims and profitability and Maintain and manage all claims and follow up on collections. (outside of group employee medical cover)

1. Maintain and manage a comprehensive insurance register (with Finance)

 

2. Prepare for the insurance policies renewal, including the history and the identification of assets' values for insurance purposes (replacement value).

 

3. Prepare a comprehensive "Brief" for insurance companies and brokers to sources the best insurance coverage at the best possible rates.

 

4. Keep track of insurance policies performance, claims and profitability.

 

5. Maintain and manage all claims and follow up on collections.

 

6. Advise the management on insurance related risk and maintain a comprehensive risk register.

 

7. Negotiate with insurance providers to reduce the cost and improve the coverage

 

8. Work with all departments to identify their insurance needs and to source the right insurance coverage at the right cost.

 

9. Be involved and lead any litigations with 3rd parties with the relevant departments.

 

10. Provide Cost-Risk analysis covering any uninsured assets and provide clear recommendations to top management to needed actions.

 

11. Apply own full understanding of insurance terms and conditions and terminology to avoid weakness and loopholes that may lead to losses.

12. Run periodical risk analysis on all asset classes owned by the company to insure sufficient coverage and valid policies are in place, and recommend action plans.

 

 13. Responsible for resolving any disputes and discrepancies related to utilization, premiums and claims.

  

14. Review all insurance policies' terms & conditions, coverage, cost, etc.

 

15. Understand current market trends and offerings around

Experience and Essential Skills:

• Typically requires 10-12 years experience in the insurance field as an individual contributor and of 3-4 years in supervisory post (may be required).
• Extensive knowledge of department processes (policies and SOP)
• Full understanding of the industry concepts, terms, best preactice
• Good analytical skills
• Good negotiation skills
• Confident and Organized
• Ability to make own decisions

• Seniority level

  Mid-Senior level

• Employment type

  Full-time

• Job function

  SalesBusiness Development

• Industries

  Investment ManagementInsuranceReal Estate