Underwriter Group Life GCIC

Location UNITED ARAB EMIRATESSTATE, UNITED ARAB EMIRATES
Experience level Experienced Hire
Job details sector Health
 

 

Job Purpose

To ensure the profitable growth of the Group Life portfolio through the timely delivery of competitive group life proposals for new and renewal business within the framework of company’s underwriting philosophy, guidelines, authority limits and procedures.

Area of Knowledge:

  • Sound knowledge of group life underwriting including excellent understanding of risk factors, exclusions and benefits commonly applied by our company as well as by the competitors in the region.

  • Basic knowledge of claim, policy administration operations and reinsurance.

Main Accountability:

  • Prepare and deliver customized group life proposals / quotes for new business including pricing and the design of additional clauses / covers that may be required on case by case wherever AXA Gulf / GCIC operates in life business in the GCC.
  • Prepare and deliver group life tailor made renewal proposals / quotes taking into account claim experience analysis.
  • Suggest alternative solutions that would benefit the client and be a market / competition differentiator with flexibility on terms (in compliance with the company’s guidelines) and ability to “think outside the box”.
  • Negotiate with reinsurers, through technically-oriented arguments, on the terms.
  • Active contribution on potential Pricing / Reporting tools enhancements. Define specifications for new reports that should be integrated to the Information System to streamline the process of data analysis and claim experience reporting.
  • Negotiate with Distribution Channels marketable premiums that allow us to grow the portfolio and remain profitable.  
  • Monitor the performance of an allocated portfolio. Analyze and communicate to Sales and Distribution any abnormal trends with technical explanation and possible suggestions that would need to be conveyed to customers.
  • Implement corrective measures either on whole portfolio or specific accounts to maintain profitability levels.      
  • Communicate to Life Operational teams all pricing information required to incept the policy. 
  • Control that group life policies are administered properly by Life Operational teams.
  • Interact with Customers and/or Intermediaries upon request.
  • Participate to the continuous improvement initiative to improve customer experience.
  • Liaise with & support Regional Reinsurance Team in Treaty renewal exercise and other tasks related to group life reinsurance as & when required

Business Knowledge:

  • Sound knowledge of life insurance regulations in the region
  • Good knowledge of local and international competitor’s life products and services
  • Excellent understanding or Life pricing techniques

Additional Knowledge:

  • Good knowledge in software skills (MS office, Access, Pricing tools) – Importance given to Excel.

 

 

 

 

 

 

 

Minimum Requirements of Role:

 

  • Degree educated.
  • Min of 7 years relevant experience.
  • The position requires excellent Microsoft office skills, mainly: Outlook, Excel (most important), Word, Powerpoint.
  • This position required the incumbent to have fluency in spoken and written English language. Arabic an advantage.
  • Adaptability, Customer Focus, Creativity, Innovation, Problem Solving and analytical skills.
At AXA, we support millions of people around the world by protecting them, their families, belongings, assets, businesses and their future.
Present in 64 countries, AXA’s 166,000 employees and exclusive distributors provide their expertise in support of 103 million customers through four core business activities: Property & Casualty Insurance; Life & Savings; Health Insurance; and Asset Management. In a fast-evolving world, AXA anticipates change to offer services and solutions tailored to the current and future needs of its customers.
 
We strive to lead the transformation of our industry. We are looking for talented individuals who come from varied backgrounds, think differently and want to be part of this exciting transformation by challenging the status quo so we can push AXA - a leading global brand and one of the most innovative companies in the world - onto even greater things. At AXA, we want our people to wake up every day with the drive and inspiration of our noble mission; collectively, we want to empower people to live a better life.

With a workforce of over 1,000 employees, 44 branches & retail shops region-wide, more than 1 million customers and 2015 gross written premium of over US$ 963 million, AXA is one of the largest international player in the GCC. Present in the region for more than 65 years, AXA in the Gulf offers a wide range of insurance products and services for corporate, SME and individual customers.
 
Our business is to protect people over the long term. We emphasis on designing reliable solutions to meet the needs of our customers, manage risks in a professional way, treat our partners fairly, develop a work environment built on strong values, relationship and trust
 
We also believe that we have a role to play in protecting the environment, supporting the communities in which we operate, and more broadly in helping to create stronger and more sustainable societies. This is part of creating a sustainable, long-term business, and becoming the preferred company for our customers, employees, and other stakeholders.
 
AXA Gulf has been awarded General Insurance Company of the Year for 2nd consecutive year and Health Insurance Company of the Year at the 2015 Middle East Insurance Industry Awards (MIIA), Insurer of the Year and Personal Lines insurer in 2016 at the MENA Insurance Awards and Best Motor Insurance Product by the Banker Middle East in both UAE & KSA.
 As part of AXA’s corporate responsibility and its commitment to building better understanding about the health risks faced by individuals and the society, the company achieved a new Guinness world record for the most blood cholesterol readings in 8 hours at a single venue
AXA is the leading insurer in the Gulf and we are looking for individuals who can make a difference. If your aim is to work in an environment that encourages you to grow, develop and enjoy your work, then AXA Gulf is the place for you.