Job Summary
Provide technical and administrative support to the Head of Underwriting Management in the routine performance of the duties required by the departmentJob Description
Company Description
IGI - International General Insurance Co. Ltd. is a leading international specialist commercial insurer and reinsurer with a global portfolio of Energy, Property, Construction & Engineering, Ports & Terminals, Marine, Financial Institutions, General Aviation, Professional Indemnity, Casualty, Directors’ and Officers’, Legal Expenses, Political Violence, Contingency and Treaty Reinsurance. Registered in Bermuda as a limited liability company, with operational headquarters in Amman, Jordan and offices in London, Malta, Bermuda, Norway, Dubai, Kuala Lumpur and Casablanca, we aim to deliver outstanding levels of service to our clients and brokers. The company has a strong financial position, with a financial strength rating of "A-" (Stable) from Standard and Poor's, and an "A" (Stable) rating from A.M. Best. IGI seeks to maintain profitability through prudent risk selection and a diversified business model.
Duties and Responsibilities
- To support the Manager to ensure UW related teams comply with goals, objectives and standards of IGI
- To assist in premium reconciliation (weekly and Monthly data checks) process including ongoing review and reporting to senior management
- To monitor and follow up on all scheduled reports in order to ensure UW departments adhere to necessary deadlines
- Assist in developing underwriting reports and communicate with IT Department to prepare and distribute reports
- To ensure accurate UAT of all implemented business customization and rules within Admin system
- Support in statistical analysis of monthly/Quarterly underwriting reports in co-ordination with Underwriting Management
- To liaise with all internal departments including Underwriting Operations, Exposure Management, Claims, Finance, whilst ensuring smooth operation at all times
- Support in day-to-day operations i.e. approving system contacts and liaising with KYC and Compliance teams , ad hoc report requests
- Monitor and follow up on all UW breaches on weekly basis.
- To carry out any additional duties set by respective line manager or senior management as and when required
Job Specifications
Academic Qualifications: Bachelor’s degree – Preference in Business Administration, Insurance and Risk Management, Actuarial Science.
Experience Required: 2-3 years (re)insurance experience preferred
Languages: Fluent in English, both written and oral
Key Competencies: Excellent PC skills, including Microsoft office
What We Do
Specialist commercial insurer and reinsurer, underwriting a diversified portfolio of specialty lines.
Since our inception in 2001, IGI has been committed to providing specialty lines insurance and reinsurance solutions to our clients’ complex risks. Our reputation is based on focused underwriting expertise, flexibility in responding to customer needs, and ensuring efficient and responsive claims handling, all underpinned by stable management and a strong balance sheet.
Domiciled in Bermuda as a limited liability company, with offices in London, Amman, Bermuda, Malta, Oslo, Dubai, Casablanca and Kuala Lumpur, IGI is listed on Nasdaq Capital Markets under the symbol “IGIC”.
We write a worldwide portfolio of Energy, Property, General Aviation, Construction & Engineering, Ports & Terminals, Marine Cargo, Political Violence, Financial Institutions, General Third-Party Liability (Casualty), Legal Expenses, Professional Indemnity, D&O, Surety, Marine Trades, Marine Liability, Contingency, and Reinsurance Treaty Business.
Our ratings reflect the financial strength of our business: “A” (Stable) from AM Best; “A-” (Stable) from S&P. In 2023, we had net earnings of $118.2 million. Our holding company has assets in excess of $1,837.9 million, as at 31 December 2023
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