Underwriter - Life Insurance
2 weeks ago
**_Position Objective (Job Purpose)_**
Perform underwriting tasks and handling claims in respect of group life insurance business.
**_Job Core Responsibilities_**
Underwriting new business proposals & Renewal Schemes for group life insurance and preparing Quotation slips and sending the quotation to brokers/clients.
- Generating the quotation through pricing tools.
- Issuing policy documents on confirmed new/ renewal business.
- Update/maintaining the CRM (Quote tracker).
- Review and process the endorsement request received for Member additions/deletions, Change in Sum Assured, Policy amendments, Policy extensions, Policy cancellations etc and issuing the respective endorsements to clients.
- Follow up with broker/clients for New/ Renewal business firm orders.
- Visiting broker/client's office as a part of business development. 8- Preparing quarterly reinsurance reports (Bordereaux),
- Communicating with reinsurers.
- IO- Registering claims
- Acknowledging claim notifications with the list of required supporting documents to the claimant.
- Ensuring that the supporting documents are complete
- Process death and disability claims by reviewing the supporting documents.
- Corresponding with reinsurer for approvals of claims exceeding referral limits and for facultative arrangements
- Preparing/issuing discharge receipt to brokers/clients.
- Communicating with the finance department for cheque issuance.
**Job Specification**
Education
Bachelor Degree - Business Administration
Experience
- 3-5 years' experience in Life insurance field
**Salary**: AED7,000.00 - AED9,000.00 per month
Ability to commute/relocate:
- Dubai: Reliably commute or planning to relocate before starting work (required)
**Experience**:
- Life Insurance: 3 years (preferred)
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