Reporting to the Chief Operating Officer (COO) General insurance, the job holder shall develop and manage underwriting and reinsurance activities in accordance with the company’s underwriting and reinsurance policy and standards so as to meet and exceed customers and shareholders’ expectations.
Knowledge, experience and qualifications required
A business related University Degree
Professional Insurance qualification (CII or IIK)
Must have a minimum of 5 years’ experience in reinsurance field.
In depth understanding of insurance operations and concepts
Knowledge of underwriting processes, procedures and concepts
Knowledge of insurance regulatory requirements
Knowledge of Reinsurance Treaty, Facultative wording and Reinsurance Slips preparation
Responsibilities
Oversee underwriting and reinsurance activities of general insurance business in Kenya
Vet all risks to ensure that only quality business is accepted into the company at acceptable rates to ensure profitability and achievement of the set loss ratio targets
Implement the underwriting strategy, philosophy, policies and procedures
Ensure achievement of the agreed renewals retention targets in Kenya
Ensuring that the risks undertaken by the company are adequately covered through reinsurance programmes
Manage relationships with clients, intermediaries and service providers to ensure agreed service level agreements are achieved and goodwill with all stakeholders is maintained
Ensuring timely preparation of reports
Supervision, appraisal, training and development of staff in the department
Manage staff and resources, provide direction, set goals and ensure the department goals are attained.
Delegated Authority: As per the approved Delegated Authority Matrix
Key Performance Measures
Reinsurance accounting Program management
Facultative business budget
Timely security and risk placement
Reinsurance cost
Job Requirements
Required education
: Bachelor's degree
Required relevant work experience
: 5 years
Required languages:
English (Spoken: fluent | Written: fluent)
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