Commercial Underwriting Executive (P&C CL Marine)

GIG Gulf (a Fairfax company) is part of the Gulf Insurance Group (GIG), the largest regional composite insurer in the Middle East and North Africa, with presence in 12 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$ 4.01 billion and $84 million net profit for the year 2024. The majority shareholder of GIG Group is Toronto based Fairfax Financial 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

Role primarily focusing on Commercial Marine products.

Key Responsibilities

• Primarily focusing on Commercial Marine products.
• Own the renewal process for the allocated accounts to achieve the targets on renewal retention, in conjunction with the Underwriting Managers.
• Issue policies up to a pre-defined limit, anything above is referred to manager for advice or approval.
• Underwrite - rate, accept and arrange to issue policies and renewals within the authorities delegated.
• Prepare quotations and offer underwriting terms on both new business and renewals to brokers and customers against business enquiries within the delegated underwriting authority as per RO guidelines and within agreed time frames.

Operational & Technical Responsibilities

• Primarily focusing on Commercial Marine products.
• Coordinate and execute timely production of commercial policies and ensure the accuracy of the documents in line with the customer/broker agreements.
• Ensure all policy and related documents are dispatched/ delivered to the customers/ brokers within the shortest possible time and a record is maintained.
• Identify and refer all risks outside personal authority limit to the relevant manager.
• Provide technical guidance and support where necessary.
• Add to the responsibility - KYC and Sanctions procedure for allocated brokers
• Proficiency in excel
• Sound knowledge and experience in insurance industry, particularly commercial P&C with primarily focus on Commercial Marine products.