Biju Themanal Kuruvila
Underwriting Assistant Manager - Life
Riyadh,01
Summary
Dedicated Insurance professional with history of meeting company goals utilizing consistent and organized practices. Skilled in working under pressure and adapting to new situations and challenges to best enhance the organizational brand.
Overview
14
14
years of professional experience
8
8
years of post-secondary education
2
2
Certificates
3
3
Languages
Work History
Life Underwriting Assistant Manager
Allianz Saudi Fransi Cooperative Insurance Company.
Riyadh
01.2020 - Current
- Manage different group portfolios including Group Life, Credit life, Group retirement, and Personal Accident products.
- Develops and executes strategic initiatives that support profit, growth, retention and customer service objectives in coordination with department head.
- Maintaining up-to-date knowledge of industry trends and regulations Explaining coverage options and terms to clients.
- Evaluate new business applications, renewal requests and endorsements for compliance with company underwriting policies.
- Provides leadership, direction, and management in risk selection process beyond capacity of underwriting staff by reviewing and approving applications for coverage to determine eligibility based on stated criteria.
- Recommending changes to existing policies to ensure coverage remains adequate along with determining whether applicants are eligible for coverage based on stated criteria.
- Negotiating with different reinsurance insurance companies to get best possible rates for clients as and when necessary.
- Provide support to ensure accurate and timely servicing of accounts;
- Collaborate with other departments to resolve issues as and when appear
- Plans regular agency contact and visits to insurance agents and brokers
- Monitor, track and analyze effectiveness of agency partnerships to support course corrections and decision-making;
- Assists with development, marketing and communication plan for agents and brokers in assigned territory.
- Meeting with Co-operate clients along with Broking and Direct Sales Chanel to determine their needs and priorities when it comes to Cooperative Group life insurance business.
- Dealing with and managing some of prestigious corporate clients under direct business.
- Approaching different reinsurance markets to obtain required reinsurance support on business received out of treaty terms.
Life Underwriting Supervisor
Allianz Saudi Fransi Cooperative Insurance Co.
Riyadh
01.2016 - 12.2019
- Improved quality of department operations by implementing strategic process improvements.
- Liaised with sales and operations to facilitate communication and maximize workflow efficiency.
- Met with customers, agents and brokers to negotiate coverage, price and service delivery.
- Monitored underwriting teams' performance and provided mentoring to achieve personal and department production goals.
- Calculated group and individual renewal rates based on customers background, industry and demographic information.
- Coordinated with internal stakeholders to initiate marketing strategies and meet market penetration and business growth objectives.
- Analyzed credit, income, compliance, title documents and appraisals during underwriting process.
- Supported review and acceptance or denial of new or renewal business.
- Reviewed applications for insurance coverage and reports from loss control specialists to determine risks.
- Calculated group and individual renewal rates based on customers' background, industry and demographic information.
- Supported review, acceptance or denial of new or renewal business after carefully reviewing all information.
Senior Underwriter
Allianz Saudi Fransi Cooperative Insurance Company.
Riyadh
01.2013 - 12.2015
- Assisted senior executives with final loan closings and underwriting, coordination and submission of high-profile loan conversion packages.
- Provided high level of assistance to help with review, classification, coding and rating of applications.
- Worked alongside marketing department to effectively cross-sell company's offerings.
- Applied knowledge of underwriting guidelines to maintain compliance with applicable regulations and company standards.
- Supported review, acceptance or denial of new or renewal business after carefully reviewing all information.
- Negotiated policy terms and coverages to bring coverage terms into alignment with company directives on contracts and policies.
- Made decisions on acceptance, rejection or modification of business proposals.
- Calculated group and individual renewal rates based on customers' background, industry and demographic information.
- Met with customers, agents and brokers to negotiate coverage, price and service delivery.
- Coordinated with internal stakeholders to initiate marketing strategies and meet market penetration and business growth objectives.
Life Insurance Underwriter
Allianz Saudi Fransi Cooperative Insurance Company.
Riyadh
02.2009 - 12.2012
- Met with customers, agents and brokers to negotiate coverage, price and service delivery.
- Monitored underwriting teams' performance and provided mentoring to achieve personal and department production goals.
- Worked within applicable standards, policies and regulatory guidelines to promote safe working environment.
- Learned new skills and applied to daily tasks to improve efficiency and productivity.
- Calculated group and individual renewal rates based on customers background, industry and demographic information.
- Supported review and acceptance or denial of new or renewal business.
Education
Bachelor of Commerce - Accounting And Business Management
IGNOU
New Delhi India 07.1997 - 07.2005
Skills
Managerial skills
Certification
IFCE (Insurance Foundation Certificate Exam)
Timeline
Life Underwriting Assistant Manager
Allianz Saudi Fransi Cooperative Insurance Company.
01.2020 - Current
Life Underwriting Supervisor
Allianz Saudi Fransi Cooperative Insurance Co.
01.2016 - 12.2019
Senior Underwriter
Allianz Saudi Fransi Cooperative Insurance Company.
01.2013 - 12.2015
Life Insurance Underwriter
Allianz Saudi Fransi Cooperative Insurance Company.
02.2009 - 12.2012
Bachelor of Commerce - Accounting And Business Management
IGNOU
07.1997 - 07.2005
IFCE (Insurance Foundation Certificate Exam)
Bronze level from Allianz Life and Health (L&H) Academy, Germany. (Accredited to Charted CII)
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