Written by Maud on 2010-01-23
About the business :
Arab Orient Insurance Company commenced operations in 1982 as a part of the reputed Al-Futtaim Group and has since recorded a progressively steady growth. The year 2007 has seen a substantial growth of premium income and net profit. Having recorded a premium income of Dhs.767 million and a net profit of Dhs.136 million (out of which over 65 is generated from underwriting), the Company is counted among the leaders in the UAE insurance market. Arab Orient Insurance Company has a paid-up capital of Dhs. 300,000,000 – which is significantly higher than most of the players in the market. With head office in Dubai, the company serves its clientele through an extensive branch network in Bur Dubai, Jebel Ali, Sharjah, Abu Dhabi, Mussafah, Al Ain, Dubai Health Care City Ras Al Khaimah, Sheikh Zayed Road and Oman.Standard & Poor’s Ratings Services has upgraded Arab Orient Insurance Company (AOIC) to ‘A’with a stable outlook. This is the highest interactive rating awarded to a national insurance company, further endorsing AOIC’s market leading position in the country. AOIC is the only ‘A’ rated insurance company in the UAE and one ofonly three in the Middle East.The Company is also accredited with ISO 9001 Quality Management Certification.About the job :
The duties and responsibilities for this role are as follows:
Review and carry out thorough risk assessments and assign commensurate risk ratings within the authorised limits to ensure adherence to the company’s underwriting guidelines for collection of appropriate premiums. Compute appropriate premiums accurately and allocate reinsurance cessions within the specified criteria to facilitate the data entry process and generation of appropriate policy / documents. Conduct risk inspections and assess and report acceptability of risks in order to recommend appropriate risk improvement measures and ensure prudent insurability of risks. Arrange and monitor timely issuance of policies, cover notes, endorsements, documents, debit/credit notes and other related documentation in order to complete the underwriting process efficiently and ensure client satisfaction. Supervise, control and evaluate the processing of claims in order to verify the validity and extent of liability and make appropriate recommendations for prompt and fair settlement to ensure client satisfaction. Maintain effective liaison with clients and prospective customers in order to promote the company’s business and also provide a high level of customer service and satisfaction. Provide assistance, guidance and motivation to subordinate staff for achieving optimum corporate and personal objectives.