Job Summary:
Our Client is seeking an experienced General Underwriter to join a leading insurance brokerage team in Dubai. The successful candidate will be responsible for evaluating insurance risks across multiple lines of business, providing underwriting recommendations, negotiating terms with insurers, and ensuring compliant and profitable policy placements. The role requires strong technical underwriting expertise, risk assessment capabilities, and excellent stakeholder management skills.
Key Responsibilities:
- Assess and underwrite insurance applications across multiple lines, including Property, Casualty, Motor, Marine, Liability, and Group Life Insurance.
- Analyze risk exposures, financial information, claims history, and supporting documentation to determine underwriting decisions and pricing.
- Review policy coverage requirements and ensure suitable terms, conditions, and policy wordings are applied.
- Liaise with insurance companies to obtain competitive quotations and negotiate favorable terms for clients.
- Evaluate and recommend appropriate coverage solutions based on clients' risk profiles.
- Ensure underwriting activities comply with internal guidelines, regulatory requirements, and industry best practices.
- Conduct thorough risk assessments and provide technical underwriting support to internal teams.
- Monitor compliance with AML (Anti-Money Laundering) regulations and company compliance policies.
- Perform KYC (Know Your Customer) checks and due diligence procedures to identify and mitigate financial crime risks.
- Support claims teams on complex or disputed claims where underwriting decisions may impact claim outcomes.
- Build and maintain strong relationships with insurers, clients, brokers, and other stakeholders.
- Stay updated on market developments, emerging risks, new insurance products, and competitor offerings.
- Prepare underwriting reports, risk evaluations, and portfolio analysis as required.
- Identify trends and emerging exposures and provide recommendations for risk management improvements.
Requirements:
- Education: Bachelor’s Degree (Attested certificate required)Experience: Minimum 3 years in general underwriting (attested experience certificate preferred)Preferred Background: Experience in insurance brokerage or underwriting departments of insurers
