Commercial Underwriting Executive

5 days ago


Dubai, Dubai, United Arab Emirates GIG Gulf Full time
Commercial Underwriting Executive - Motor (UAE N)

Who we are

GIG Gulf is part of the Gulf Insurance Group (GIG), the largest regional composite insurer in the Middle East and North Africa, with presence in 13 markets including the United Arab Emirates, Bahrain, Oman, Qatar, Saudi Arabia, Algeria, Egypt, Iraq, Jordan, Kuwait, Lebanon, and Turkey. GIG Group reported consolidated assets of US$ 3.83 billion and $69 million net profit for the year 2023. The majority shareholder of GIG Group is Toronto based Fairfax Financial Holding, a global leader in insurance and reinsurance with a presence in 40 markets.

GIG Gulf is an 'A' rated regional insurer with a top 5 position in each of its markets (UAE, Oman, Qatar, Bahrain). GIG Gulf has been present in the region for over 70 years with a strategic focus on both growth and investments and is a one stop shop offering a wide range of insurance products and services that cater to a broad variety of needs for corporates, SMEs and individual customers throughout UAE, Oman, Bahrain, and Qatar. GIG Gulf also owns a 50% stake in GIG Saudi. Our strategic objectives and guiding principles are focused on Regional Growth, Customer Experience and Digital Transformation.

GIG Gulf has created a diverse and inclusive working environment and culture with a workforce of over 800 employees, with over 60 nationalities, across 15 branches and retail shops region-wide and over 1 million customers. GIG Gulf is a caring partner that encourages customers to achieve their goals and live an inspiring and fulfilling life. We are obsessed with customer feedback and continuously evolving to become the region's digital insurer of reference, committed to running our operations in a responsible, sustainable way.

Job purpose:

To work in Motor Commercial UW/Production Team. Quoting and Issuing Motor policies in line with current underwriting guidelines (issuance of new policies/ endorsements / certificates). Ensuring that quotations, policies, endorsements, and invoices are issued in line with GIG Underwriting guidelines and best practices. Providing a prompt and professional service to internal and external customers. Assist in management of international policy management.

Key Responsibilities

  • Coordinate and execute timely production of commercial motor policies and ensure the accuracy of the documents in line with the customer/broker agreements.
  • Underwrite (rate, accept and arrange to issue policies and renewals within the authorities delegated).
  • Prepare quotations and offer underwriting terms to brokers and customers against business enquiries within the delegated underwriting authority as per RO guidelines and within agreed time frames.
  • Ensure all policy and related documents are dispatched/ delivered to the customers/ brokers within the shortest possible time and a record is maintained.
  • Identify and refer all risks outside personal authority limit to the relevant manager.
  • Provide technical guidance and support where necessary.
  • Supervise the Renewal process in conjunction with the Underwriting Manager.
  • Assist/ support client & brokers for any queries and request.
  • Accurately process all associated data entry and accounting policy documentation (new/renewal/ endorsement/ certificate).

Operational & technical responsibilities

  • Ability to build and maintain relations with GIG Gulf teams, brokers, and clients.
  • Follow UW guidelines and all other internal company procedures.
  • Being comfortable in taking ownership and decision making.
  • Adherence to SLA's.
  • Ensure timely and accurate delivery in terms of all enquiries received.

Role Requirements:

  • Excellent written and verbal communication skills.
  • Logical thinking.
  • Ability to work under pressure.
  • Decision making.
  • Microsoft Office proficiency.
  • Having Insurance knowledge, Past experience in Insurance industry.

You can apply by sending your updated resume to and mention the role title in the subject line of your email.

Seniority level

Entry level

Employment type

Full-time

Job function

Other and Finance

Industries

Insurance


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