Date: 4 Sep 2024

Location:
KW

Company:
Alghanim Industries

Job Summary
As a strategic leader in Enaya's Property and Casualty (P&C) division, This role is responsible for designing and implementing underwriting strategies to drive retention and profitable growth of Enaya premium portfolio. The role includes leading and managing both underwriters and claims teams across retail and corporate sectors, ensuring they deliver exceptional service and maintain strong relationships with distributors. Prioritize operational excellence and uphold the highest standards in client service, while also overseeing risk management, data analytics, and actuarial assessments. Ensure full compliance with regulatory requirements, manage reinsurance planning, and oversee third-party loss adjusters, focusing on audit processes, recoveries, and fraud control.
Job Responsibilities

Responsible for providing leadership and direction to position the Enaya as a leading provider of P&C insurance line of business within the marketplace. This individual functions as a Senior Level Executive charged with guiding the development and execution of Enaya’s strategic underwriting directives to contribute to continued retention and profitable growth of total written premium in the P&C business.

Will be actively involved in retail and corporate initiatives in the development of existing and new lines of business, including articulating and building strategy to develop Enaya in Kuwait as a key provider of P&C insurance business.

Strong distributor relationships and able to build a team of market-facing underwriters.

Responsibilities also include identifying new opportunities, competitive market and pricing research, coverage analysis and a hands-on approach to providing to Enaya’s management team, direction and guidance on attainment of growth and profitability targets.

Is a highly motivated self-initiator who has an exceptionally strong aptitude for marketing and business development and can formulate and implement strategic plans in line with retail and corporate underwriting objectives.

Possesses the necessary underwriting expertise and industry experience to lead Enaya into meeting its plans for immediate company expansion and development.

Responsible for obtaining profitable results through the underwriting and claims teams by developing each team through motivation, counselling, skills development and product knowledge development.

Responsible for the planning, recruitment, direction, organization, monitoring and control of underwriters to accomplish specific objectives.

Responsible for monitoring the performance of third-party loss adjusters by establishing a system of reports and communications, timely audits, recoveries, guidance on legal cases and fraud control.

Plan and implement all regulatory reporting and compliance.

Lead data analytics, risk management and actuarial reviews.

Review and plan reinsurance arrangements.

Candidate Requirements

Bachelor’s/ Master’s Degree or equivalent in any discipline with Engineering/ Mathematics as one of the subjects

Insurance certification: ACII / equivalent or higher

10 years plus insurance experience in underwriting and claims management of P&C insurance products in a leading insurance company.

Exceptionally strong senior level management and leadership skills

Familiarity with managing data analytics and setting the agenda for actuarial reviews

A demonstrated and proven track record in leading and developing business and business relationships at a national corporate level.

Strong flexibility to travel as required to meet retail and corporate mandates.

Local / GCC experience a big plus.