Associate - Medical Corporate Plans - Underwriting Modeling

1 week ago


Dubai, Dubai, United Arab Emirates GIG Gulf Full time

GIG Gulf is part of the Gulf Insurance Group (GIG), the #1 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 Financia 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:
Produce structured analytical schedules and tools to systematically price schemes for corporate clients in the UAE and MEA region in order to ensure a profitable growth of the Group Health within the framework of company's underwriting philosophy, policy, authority limits and procedures focused in UAE and regional business clients

Department overview:
Corporate Health Pricing is the Middle East Regional Underwriting unit operating under the framework of Company's underwriting philosophy, policy, authority limits and procedures

Key Responsibilities:

Engage in analysis, design and pricing proposals of tailor-made medical coverage for corporate clients at local and regional levelDevelop structured approach to data analysis, assumptions, and analytical tools based on the market practices, information available models from actuarial teams and time to market requirements.

Coordinate and engage with Distribution Channels on marketable proposition alternatives to develop grow the portfolio and maintain profitability.
Monitor the performance of the assigned portfolio segment.

Analyze any abnormal trends and communicate these, along with technical explanations and potential suggestions to incorporate in the tools and analysis.

Suggest corrective measures either on whole portfolio or specific accounts to maintain profitability levels. Liaise with Health Operational and network teams to build a robust and efficient integrated offering together with pricing.
Contribute to continuous improvement initiatives aimed at enhancing the customer experience.

Minimum requirements of role Essential:
University Degree in Economics/ Finance/Actuarial/ Mathematics/Statistic Minimum of One year of experience in "Group Health insurance" is essential.
Strong technical and analytical skills.
Advanced proficiency in data management, data analytics.
Excellent communication skills.

Desirable:
Advanced Medical insurance pricing experienceActuarial reserving knowledge - Healthcare
Please read carefully the role profile and requirements
Only shortlisted candidates who meet the required criteria will be considered
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