Group Underwriter

Allianz Partners

Dubai

AED 50,000 - 200,000

Job description

The Underwriting Analyst will provide strategic, commercial, and financial advice by evaluating and managing financial risks associated with policies. The incumbent will be responsible for analyzing statistical data and providing pricing, coaching, and training to our clients in line with our underwriting guidelines.

What you do:

Analyze statistical data to determine the probability of risks or financial impact.
Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
Collaborate with programmers, underwriters, accounts, claims experts, and senior management to help insurance companies develop plans for new health lines of business or improve existing health business.
Design, review, and help administer insurance policies, determining financial soundness and calculating premiums.
Determine policy contract provisions for health insurance.
Develop systems to ensure compliance with the requirements of regulatory bodies.
Assist in the development of new health products.
Ensure continuous technical profitability to risk carriers (insurance & reinsurance companies).
Provide continuous and effective visibility to risk carriers on their portfolio status.
Conduct pricing review, analysis, and development.
Provide early warnings and issue recommendations on corrective measures.
Ensure high retention of clients.
Construct probability tables based on statistical data analysis and other pertinent information.
Provide expertise to management, manage risks, and maximize returns.
Measure, monitor, and mitigate portfolio and enterprise risks.
Oversee asset and liability modeling, product development, and profit testing.

What you bring:

To be successful in this position you will need to have the following skills/experience:

Bachelor’s Degree; any financial background is required. Certificate in Actuarial Science is a plus.
At least 5 years of work experience in data analysis, pricing, and client management; Insurance industry experience is a plus.
Proven extensive experience in creating and delivering professional and effective presentations and report-writing skills.
Excellent English communication skills are key for this role. Arabic skills are a plus.
Presentation skills.
Ability to motivate others.
Legally permitted to work in the country of operations.
Fluency in MS Office (Excel, Word, Outlook, PowerPoint) and general internet navigation and research skills.
Physically fit to carry out duties.

What we offer:

Our employees play an integral part in our success as a business. We appreciate that each of our employees is unique and has unique needs and ambitions, and we enjoy being a part of their journey.

We are there to empower and encourage you with your personal and professional development, ensuring that you take control by offering a large variety of courses and targeted development programs. All that in a global environment where international mobility and career progression are encouraged. Caring for your health and wellbeing is a key priority for us. This is why we build Work Well programs to provide you with peace of mind and give you the flexibility in planning and arranging for a better work-life balance.

Allianz Partners Introduction:

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams, and challenges is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, grow, and shape a better future for our customers and the world around us.
We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love, or what you believe in.
We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, or sexual orientation.
Join us. Let's care for tomorrow.

Job Level: Professional

Location: Dubai, AE

Area of Expertise: Underwriting

Unit: Allianz Partners

Employing Entity: AWP Health & Life SA

Job Type: Full-Time

Remote Job: Hybrid working

Employment Type: Permanent

ID: 60655

Position Cluster: Non-Executive