This role will be part of GIG Gulf Employee Benefits team, handling Healthcare and Life Underwriting for Bahrain, Oman and Qatar

Job Location: Bahrain, Oman or Qatar

Who we are

GIG Gulf is part of the Gulf Insurance Group (GIG), the #1 largest regional composite insurer in the Middle East and North Africa, with presence in 13 markets including the United Arab Emirates, Bahrain, Oman, Qatar, Saudi Arabia, Algeria, Egypt, Iraq, Jordan, Kuwait, Lebanon, and Turkey. GIG Group reported consolidated assets of US$ 3.83 billion and $69 million net profit for the year 2023. The majority shareholder of GIG Group is Toronto based Fairfax Financia Holding, a global leader in insurance and reinsurance with a presence in 40 markets.

GIG Gulf is an ‘A’ rated regional insurer with a top 5 position in each of its markets (UAE, Oman, Qatar, Bahrain). GIG Gulf has been present in the region for over 70 years with a strategic focus on both growth and investments and is a one stop shop offering a wide range of insurance products and services that cater to a broad variety of needs for corporates, SMEs and individual customers throughout UAE, Oman, Bahrain, and Qatar. GIG Gulf also owns a 50% stake in GIG Saudi. Our strategic objectives and guiding principles are focused on Regional Growth, Customer Experience and Digital Transformation.

GIG Gulf has created a diverse and inclusive working environment and culture with a workforce of over 800 employees, with over 60 nationalities, across 15 branches and retail shops region-wide and over 1 million customers. GIG Gulf is a caring partner that encourages customers to achieve their goals and live an inspiring and fulfilling life. We are obsessed with customer feedback and continuously evolving to become the region’s digital insurer of reference, committed to running our operations in a responsible, sustainable way.

Job purpose:

Ensure a profitable growth of the Group Health portfolio through the timely preparation of competitive Group Health proposals for new business and renewals within the framework of company’s underwriting guidelines, policy, authority limits and procedures.

Department overview: Corporate Health & Life Pricing is the Regional Underwriting unit operating under the framework of Company’s underwriting philosophy, policy, authority limits and procedures.

Key responsibilities:

• Underwrite and deliver customized and compliant Group Health proposals for New Business for Rest of Gulf countries (Bahrain, Oman, and Qatar)
• Ensure that technical quotations are in line with Company's practices, underwriting guidelines & regulatory framework
• Suggest alternative solutions which would enable the Client to design competitive solutions
• Be market aware, understand the competitive environment and the Client’s needs
• Keep up-to-date with changes in the law or the requirements of any regulatory body that may affect the conduct of the business; recommend changes as necessary
• Cooperate with the Distribution team to develop a profitable and sustainable portfolio
• Manage, as an owner or contributor, the project workstreams assigned by the manager

Operational & technical responsibilities

• Manage the referral process of RFPs received from the Distribution team, according to the underwriting authorities received and underwriting guidelines, for local and multinational companies (e.g. pool/captive)
• Adopt creative underwriting approaches to analyze and interpret financial data of companies and their performance
• Examine any non-compliance of benefit adjudication and ensure compliance overall
• Communicate and cooperate with Health Operational teams on policy administration elements
• Ensure good customer relations when communicating both in writing and verbally, by phone or in person
• Designing the table of benefits as per the requirements of the client/ broker for large corporates
• In depth understanding of each benefit and its impact is essential

Role Requirements:

Essential:

• Minimum 5 years in Group Health Underwriting
• technical and analytical skills
• high level of numeracy
• good knowledge of Group Health insurance products, preferably in Oman, Bahrain and Qatar
• advanced Excel, PowerPoint and Word skills
• excellent communication skills

Desirable:

• Experience in Sales
• UAE experience would be an advantage
• Actuarial experience