Posted Jul 21, 2020 3 views
Job Summary:
Reporting to the Head of Underwriting and President & C.E., the Senior Underwriter is responsible for undertaking risk assessments of businesses and managing it, preparing and coordinating the execution of policies, and monitoring AGICO’s exposures; The role also involves policy and process development in respect to AGICO’s products and portfolio.
Job Description:
· Analyze, evaluate and make underwriting decisions in line with underwriting guidelines and recommendations
· In conjunction with the Head Underwriting, define underwriting strategy and recommend business plans that will generate continued profitable business growth in current and future markets
· Review and analyze insurance applications for risk exposure and compliance with underwriting guidelines
· Assess financial, political, managerial and technical risks on a range of businesses
· Establish appropriate internal underwriting procedures and criteria to control exposure to risk
· Prepare policy documents that includes a risk assessment, recommendation(s), pricing, and any special conditions or mitigating options, for review by the Head of Underwriting
· Ensure that policies and procedures comply with applicable guidelines and standards
· Help establish and retain healthy mix of business
· Review and recommend changes to AGICO’s internal risk management policies and procedures
· Make recommendations on the establishment of risk management strategies and related targets
· Support the development of a high performing underwriting team
· Deputize for the Head of Underwriting, as required
Job Details
Askari General Insurance Co. Ltd.
Askari General Insurance Company Limited (AGICO) was incorporated in 1995 as a public limited company and is quoted on all the three stock exchanges of Pakistan. It commenced its business in the same year and since then has by the grace of Allah maintained a steady growth. AGICO is sponsored by the Army Welfare Trust (AWT) which is engaged in the business of finance, banking and production of consumer goods and services. The AWT has as many as 23 different companies working under its fold and most of these are quoted on the country's stock exchanges. AGICO is one of the leading companies of this Trust and is rapidly growing to become a market leader in insurance sector of the country. Besides providing the traditional coverage like marine, motor and fire, Askari General Insurance also has the capacity to offer specialized coverage on various engineering risks. It is a pioneer and a market leader in its own right in health insurance and constantly exploring avenues to offer protection in areas yet unexplored by other companies. With the grace of Allah the consistent progressive journey which started in the year 1995 is continuing. The Company is readily accessible in all areas of the country due to the presence of a large network of branches. The trust which our clients have in us is evident from the fact that the Company has maintained its growth even in times when all the economic activities are at the lowest ebb. In view of this stable performance the company as been adjudged by the some leading national and international financial rating companies as "company of the future". Askari General Insurance has the commitment and the capacity to transform its promise into a reality.
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