Summary
Overview
Work history
Education
Skills
Languages
COURSES & WORKSHOPS
Timeline
Generic
Khalid  AlSumait

Khalid AlSumait

Riyadh,Saudi Arabia

Summary

Actuarial Science graduate from King Saud University, striving for success, development, passion and creativity. Interested in Insurance , Pricing , Data analysis , Financial Mathematics.

Overview

3
3
years of professional experience

Work history

Senior Specialist - Pricing Health UW

Al Rajhi Takaful Cooperative Insurance Co.
Riyadh, Riyadh Region
02.2023 - Current

•Extracting and processing claims and policies data using Qlikview to prepare monthly medical KPI reports.

•Constructing Chain-Ladders on a monthly basis to calculate loss ratios, frequency of claims and ultimate figures.

•Conducting tasks using Excel and Qlikview regarding analysis of claims and policies

• Review quotations prepared by Junior Underwriters to control and process insurance contracts within authority limits.

• Define conditions of insurance and the amount of premium, within authority limit, in quotations according to underwriting guidelines and using the defined rating tools.

• Determine the customer’s loss ratio and provide reports to management with recommendations regarding the level of exposure to high risk customers.

• Consult with Team Leader Underwriting on high risk policies and risks beyond agreed limits and escalates accordingly to obtain necessary approvals.

Specialist -Pricing Health UW Renewal

MEDGULF Cooperative Insurance Co.
Riyadh, Riyadh Region
05.2021 - 02.2023

- Prepares reports such as loss ratio, and details of utilization of existing groups as requested by Brokers and/or Management for further analysis and decision
- Review, renew , and analyze applications for insurance coverage.
- Analyze the claims and assess the potential risks.
- Calculate the impact of adding additional benefits in the renewal.

Cooperative Trainee

Gulf Union Cooperative Insurance Co.
Riyadh, Riyadh Region
08.2020 - 01.2021

Education

Executive Master's degree - Insurance

King Saud University
01/2022 - 01/2024

Bachelor's degree - Actuarial And Financial Mathematics

King Saud University
08/2015 - 05/2020

Nanodegree - Predictive Analytics for Business

Udacity
10/2020 - 01/2021

Nanodegree - Business Analytics

Udacity
Riyadh, Riyadh Region
04/2020 - 08/2020

Skills

    - Organized - Excellent time management and prioritization skill


    - Computer skills (MATLAB Excel R Language alteryx SPSS QlikView )



    - Good Communication

Languages

Arabic
Native
English
Advanced

COURSES & WORKSHOPS

8-11 OF DEC 2019

Workshop in Risk Management from Riyadh Chamber.


JUN 2020 (2 WEEKS)

Analyzing Data in the Life
Sciences by Using R Language from Harvard University (online).


17 TH OCT 2021

Insurance Foundation Certificate Exam (IFCE)

Timeline

Senior Specialist - Pricing Health UW

Al Rajhi Takaful Cooperative Insurance Co.
02.2023 - Current

Specialist -Pricing Health UW Renewal

MEDGULF Cooperative Insurance Co.
05.2021 - 02.2023

Cooperative Trainee

Gulf Union Cooperative Insurance Co.
08.2020 - 01.2021

Executive Master's degree - Insurance

King Saud University
01/2022 - 01/2024

Bachelor's degree - Actuarial And Financial Mathematics

King Saud University
08/2015 - 05/2020

Nanodegree - Predictive Analytics for Business

Udacity
10/2020 - 01/2021

Nanodegree - Business Analytics

Udacity
04/2020 - 08/2020
Khalid AlSumait