3 Insurance jobs in Oman
Re - Insurance Manager
Posted 4 days ago
Job Viewed
Job Description
Obtain the best Reinsurance terms negotiated for optimum advantage to the organization.
Responsibilities:- Prepare Reinsurance presentations for Treaty Renewals, including all statistical information such as Risk Accumulation Data, Gross and Net Band Statistics on Premium and Claims, and Treaty Results.
- Provide additional information and clarifications to Reinsurers for treaty renewals related to Proportional & Excess of Loss programs.
- Establish and maintain good relationships with new external customers (Reinsurers/Brokers) and existing ones, enhancing turnaround times and collaborating closely with underwriting and claims departments to understand their requirements for negotiations.
- Coordinate with the IT team to update Treaty limits, Commission, and other details in the Insurance system.
- Ensure accurate Reinsurance accounting.
- Obtain facultative quotes/support for risks based on underwriting information, including Tender businesses.
- Finalize facultative placements and ensure cover is bound within stipulated timeframes.
- Send timely facultative premium closings to reinsurers and ensure settlements are completed before due dates.
- Secure special cession approvals from reinsurers when required.
- Maintain regular communication with reinsurers/brokers via phone and email to foster good business relationships.
- Attend meetings with Reinsurers/Brokers during their visits.
- Monitor monthly closings processed by the RI team and assist in finalizing them promptly.
- Notify reinsurers of major losses and provide regular updates.
- Assist in preparing quarterly Statements of Account for various arrangements.
- Liaise with the finance department for settlement of quarterly balances to reinsurers.
- Notify losses under XL arrangements and prepare recovery advisories periodically.
- Prepare annual Statements of Accounts, including Premium & Loss Withdrawal Accounts, Entry Accounts, XL Adjustment, and Profit Commission Statements.
- Establish additional RI capacity through Surplus/FAC obligate treaties for Fire and Engineering classes.
- Conduct periodic training for the RI team on Reinsurance topics.
- Five years of experience in Re-Insurance within the General (Non-Life) Insurance industry, including at least 2 years in the Gulf region.
- Graduate with an Insurance qualification such as AIII (or equivalent) or above.
- Thorough knowledge of FAC and Treaty Reinsurance operations.
Business Analyst (Insurance)
Posted 14 days ago
Job Viewed
Job Description
Axxis Systems is a group of companies dedicated to building and implementing software for the insurance market. We are an innovative company operating at the heart of international projects, offering creative and sustainable solutions for our clients. We believe in the power of collaboration and diversity as drivers of our success.
The Role
You will be responsible for :
- Working closely with internal stakeholders to enhance client relationships and capitalise on business development opportunities.
- Performing actuarial analysis and modelling for pricing and valuation.
- Building and maintaining actuarial pricing models.
- Supporting business planning by forecasting key assumptions.
- Ensuring compliance with internal policies, and regulatory requirements.
- Providing timely statutory reporting.
Ideal Profile
- You have at least 1 year experience, ideally within a IT Business Analyst / Project Manager or Actuary role.
- You possess excellent communication and business partnering skills and can collaborate effectively with multiple stakeholders.
- You have strong experience within .
- You are adaptable and thrive in changing environments
- You possess strong analytical skills and are comfortable dealing with numerical data
- You are highly goal driven and work well in fast paced environments
What's on Offer?
- Fantastic work culture
- A role that offers a breadth of learning opportunities
Business Analyst (Insurance)
Posted 14 days ago
Job Viewed
Job Description
Axxis Systems is a group of companies dedicated to building and implementing software for the insurance market. We are an innovative company operating at the heart of international projects, offering creative and sustainable solutions for our clients. We believe in the power of collaboration and diversity as drivers of our success.
The Role
You will be responsible for :
- Working closely with internal stakeholders to enhance client relationships and capitalise on business development opportunities.
- Performing actuarial analysis and modelling for pricing and valuation.
- Building and maintaining actuarial pricing models.
- Supporting business planning by forecasting key assumptions.
- Ensuring compliance with internal policies, and regulatory requirements.
- Providing timely statutory reporting.
Ideal Profile
- You have at least 1 year experience, ideally within a IT Business Analyst / Project Manager or Actuary role.
- You possess excellent communication and business partnering skills and can collaborate effectively with multiple stakeholders.
- You have strong experience within .
- You are adaptable and thrive in changing environments
- You possess strong analytical skills and are comfortable dealing with numerical data
- You are highly goal driven and work well in fast paced environments
What's on Offer?
- Fantastic work culture
- A role that offers a breadth of learning opportunities
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