To develop high level of professional acumen in Re insurance, Finance and Business development by achieving targets, deadlines.
- Oversaw reinsurance operations, including analysis of treaty and facultative reinsurance contracts.
- Collaborated with underwriters, actuaries, and finance teams to assess risk exposure and pricing strategies.
- Managed the performance of the reinsurance portfolio, ensuring alignment with company objectives.
- Negotiated terms and conditions of reinsurance contracts, ensuring optimal coverage and cost-effectiveness.
- Developed and implemented risk management strategies to mitigate potential losses and enhance profitability.
- Prepared and presented reports to senior management, summarizing reinsurance activity and performance.
- Analyzed reinsurance contracts and identified potential risks and opportunities.
- Assisted in the preparation of financial models and projections for reinsurance treaties.
- Conducted market research to assess competitive trends and inform reinsurance strategies.
- Collaborated with legal and compliance teams to ensure adherence to regulatory requirements.
- Supported the negotiation of reinsurance terms and conditions in collaboration with senior staff.
- Assessing background information on the client.
- Studying insurance proposals.
- Calculating the risk.
- Liaising with professionals and specialists to help judge risk assessment.
- Selecting appropriate and competitive premiums based on information and judgement.
- Writing policies and adding specific conditions when required.
- Deciding whether the risk should be shared with a re-insurer.
- Negotiating terms
- Ensure consistent, accurate and high quality customer service for all types of transactions for the following services: - Quotation - New business - Renewal.
- Key-in information and complete the new business transactions.
- Providing advice on making a claim and the processes involved.
- Processing new insurance claims notifications.
- Collecting accurate information and documents to proceed with a claim.
- Analyzing a claim made by a policymaker.
- Guiding policyholders on how to proceed with the claim.
- Contacting trades people from a network of approved professionals and arranging for them to make repairs on the policyholder's property.
- Monitoring the progress of a claim.
- Investigating potentially fraudulent claims.
- Identifying reasons why full payment may not be made.
- Ensuring fair settlement of a valid claim.
- Building relationships with loss adjusters, forensic accountants and solicitors, as well as other legal/claims professionals.
- Ensuring the customer is treated fairly and that the customer receives excellent service in accordance with industry and company guidelines.
- Handling any complaints associated with a claim.
- Involvement in loss adjusting activities and in legal discussions relating to settlement.
- Seeking legal recovery of monies paid out.
- Managing a team of claims handlers at managerial level.
- Taking responsibility for productivity and profit.
- Adhering to legal requirements, industry regulations and customer quality standards set by the company.
- Reinsurance operations and analysis
- Risk management strategies
- Contract negotiation
- Financial analysis and modeling
- Team leadership and development
- Stakeholder relationship management
- Regulatory compliance
- Data analysis and interpretation
- Communication and presentation