Vice President- Travel Insurance Dubai

Job Description

The Vice President Travel Insurance will be responsible for spearheading the growth, development, and management of the Travel Insurance portfolio. This role demands strategic planning, innovative business development, efficient policy management, and fostering strong relationships with travel agents, insurance brokers, and direct Branch Office BDMs. The incumbent will play a pivotal role in retaining existing clients, onboarding new ones, and ensuring compliance with reinsurance and underwriting processes.

What you will do:

1. Business Development and Relationship Management
   • Drive new business acquisition by forging partnerships with travel agents and insurance brokers.
   • Collaborate with direct branch office business development managers to identify and secure new opportunities.
   • Maintain and enhance relationships with existing clients to ensure retention and satisfaction.
   • Identify and onboard new business opportunities, ensuring alignment with company goals.
2. Distribution & Channel Management
   • Develop and implement strategies for building and managing robust distribution channels, including travel agents, brokers, affinity relationships, and alternate channels.
   • Drive efficiency and performance across all distribution networks to maximize business opportunities.
3. Policy Underwriting and Issuance
   • Oversee underwriting processes for travel insurance policies, ensuring adherence to company and regulatory standards.
   • Manage the end-to-end policy issuance process, ensuring accuracy and timeliness.
4. Reinsurance Management
   • Handle reinsurance arrangements to mitigate risks and optimize portfolio performance.
   • Coordinate and oversee reinsurance bordereaux preparation and submission.
5. Strategic Planning and Operational Excellence
   • Conduct market research and competitor analysis to identify trends, opportunities, and risks.
   • Develop and execute strategies for introducing innovative travel insurance products to meet evolving market needs.
   • Monitor operational performance, ensuring streamlined processes and service excellence.
   • Set and track key performance metrics to achieve business objectives.
   • Collaborate with internal teams to streamline operations and enhance service delivery.
   • Monitor and assess key performance metrics to ensure targets are met.

Required skills to be successful:

• Attention to detail
• Proactive and self-motivated
• Time management and focused delivery of deadlines
• Excellent communication skills
• Excellent leadership skills

What equips you for the role:

• Bachelor's degree preferably in business administration, Insurance, Finance, or a related field.
• Master's degree (MBA) or professional certifications (e.g., CII, LOMA) is highly advantageous.
• 15+ years of experience in the insurance industry, with a focus on Travel /General Insurance.
• Demonstrated success in leading and growing Insurance portfolios.
• Expertise in sales & marketing, team management, underwriting, reinsurance, and regulatory requirements.

The Offer:

• Competitive compensation and benefits package.
• Opportunities for professional growth and leadership development.
• A dynamic and collaborative work environment within a leading insurance organization.

Note: Only UAE based candidates meeting the above criteria will be shortlisted.