Property Underwriter (Non-Marine)

Full Time
Kuwait
Posted 3 weeks ago
Company Overview:

A prominent figure in Kuwait’s insurance industry and the broader Arab region, this company was founded by visionary Kuwaitis during the nation’s oil-fueled economic expansion. Since then, it has played a key role in supporting Kuwait’s economic diversification and infrastructure development. Known for its robust leadership, strategic vision, and dedication to excellence, the company has built a reputation for high standards and exceptional service.

About the Role:

The Insurance Underwriter / Risk Assessor will be responsible for evaluating and underwriting industrial and property risks, ensuring accurate risk assessment and appropriate policy terms. Key responsibilities include conducting pre-risk inspections, analyzing proposals, preparing quotations, and reviewing policy documents. The role also involves negotiating with reinsurers and brokers, engaging with the market, and coordinating with claims managers for specialized investigations.

Skills and Qualifications

  • Bachelor’s degree in Finance or Accounting, with additional insurance qualifications from a recognized institute.
  • 5-7 years of experience in insurance underwriting or a related field.
  • Proficiency in pre-risk inspections and industrial risk assessments to ensure precise underwriting.
  • Skill in evaluating and calculating Probable Maximum Loss (PML) in line with underwriting guidelines.
  • Ability to prepare and review quotations, policy documents, and risk proposals.
  • Experience in coordinating with claims managers on complex claims and managing special investigations.
  • Strong negotiation skills with reinsurers and brokers to secure favorable terms.
  • Bilingual in English and Arabic (reading, writing, and speaking).

Job Features

Job Category

Administrative

country

UAE

CITY

Dubai

Gender

Both

Nationality

ALL

Salary

Undefined

Job Type

Full time

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