We are seeking an experienced underwriting manager specializing in Fire and General Accident insurance to join our dynamic team in Al Kuwait. This pivotal role involves overseeing the underwriting processes, ensuring compliance with industry standards, and enhancing the overall profitability of our insurance products. The ideal candidate will possess a deep understanding of risk assessment and management, guiding a team of underwriters to deliver exceptional service to our clients. As an Underwriting Manager, you will play a crucial role in developing underwriting policies, conducting risk evaluations, and collaborating with various departments to achieve organizational objectives.

Responsibilities:

1. Lead and manage the underwriting team, providing guidance and support to ensure high-quality underwriting decisions.
2. Develop and implement underwriting policies and procedures tailored to Fire and General Accident insurance.
3. Conduct comprehensive risk assessments on new and renewal applications, ensuring accurate pricing and coverage recommendations.
4. Collaborate with sales and marketing teams to design insurance products that meet market demands while maintaining profitability.
5. Monitor and analyze underwriting performance metrics, making data-driven decisions to improve operational efficiency.
6. Ensure compliance with regulatory requirements and industry standards, mitigating potential risks.
7. Provide training and development opportunities for underwriters to enhance their skills and knowledge.
8. Review and approve complex underwriting cases, ensuring adherence to company guidelines.
9. Maintain strong relationships with brokers and clients, addressing any challenges or concerns related to underwriting decisions.
10. Stay updated on industry trends, competitor offerings, and emerging risks to inform underwriting strategies.

Preferred Candidate:

1. Proven experience in underwriting, specifically within the Fire and General Accident insurance sector.
2. Strong leadership skills with the ability to motivate and develop a team of underwriters.
3. Excellent analytical and problem-solving abilities, adept at risk assessment and decision-making.
4. Exceptional communication and interpersonal skills, capable of building relationships with clients and stakeholders.
5. In-depth knowledge of insurance regulations and compliance standards.
6. Ability to work collaboratively across departments to achieve common goals.
7. Detail-oriented with strong organizational skills to manage multiple tasks effectively.
8. Proficiency in underwriting software and tools, with a strong understanding of data analysis.
9. A strategic thinker with a proactive approach to identifying and mitigating risks.
10. Commitment to continuous professional development and staying abreast of industry changes.

Skills

• Risk Assessment: The ability to evaluate and analyze potential risks associated with insurance applications, ensuring appropriate coverage and pricing.
• Leadership: Proven capability to lead and manage a team effectively, fostering a collaborative and productive work environment.
• Analytical Skills: Strong analytical skills to interpret complex data and make informed decisions that impact underwriting processes.
• Communication: Excellent verbal and written communication skills, essential for conveying underwriting decisions and collaborating with clients and colleagues.
• Regulatory Knowledge: Familiarity with insurance regulations and compliance requirements, ensuring that underwriting practices adhere to legal standards.