MOHAMMED ABDULRAHMAN AHMED
Riyadh
Summary
Experienced with analyzing risk factors and determining appropriate coverage for diverse clients. Utilizes comprehensive evaluation techniques to align policies with company standards and client needs. Strong understanding of risk management principles and effective decision-making to enhance underwriting profitability.
Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals.
Overview
24
24
years of professional experience
1
1
Certification
Work History
Insurance Underwriter
United International Co
01.2008 - Current
- Underwrite all types of insurance Policies under General Motor Marine and also Medical Insurance
- Risk Evaluation/Preparation of slips under the supervision of the Technical Manager
- Coordinating with Accounts/Collection department in order to collect the premiums for the written policies
- Communicating/corresponding with the Clients by emails, and telephone in connection with the Insurance business
- Coordinating with the Claims department for the claims reported
- Issuing insurance Policy debit notes
- Issuance of renewal notices
- Maintaining all records pertaining to underwriting dept.
- Evaluated risk factors to determine appropriate coverage levels for diverse insurance applications.
- Collaborated with agents to clarify policy details and expedite underwriting processes.
- Mentored junior underwriters on best practices for risk evaluation and decision-making processes.
- Reviewed policy documents before issuance, ensuring accuracy and conformance to approved standards.
- Enhanced customer satisfaction through timely communication and effective negotiation of policy terms.
- Consistently met or exceeded performance targets by effectively managing daily workload and adhering to strict deadlines.
- Provided expert guidance to sales teams regarding proper risk selection criteria for new business opportunities.
- Negotiated favorable terms with clients, balancing risk and reward effectively.
- Contributed to reducing underwriting errors by enhancing quality control measures.
- Implemented continuous improvement program for underwriting department, enhancing team performance.
- Evaluated applications to determine insurance coverage and appropriate risk classifications.
Due Diligence Project for Wafa Insurance Co
Wafa insurance
01.2006 - 01.2008
- Contributed in the formation of Saudi Indian Company for Cooperative Insurance, later renamed as WAFA Insurance company
- As a part of Due diligence work of New India Assurance Co. as required by SAMA for the registration of a company in Saudi Arabia
- Developed a software program using MS Access for the purpose of data entry
- Gathering 15 years data related to Underwriting and Claims, analyzing the current processes and presenting to the management using PowerPoint and Visio
- Analysis of the above data in order to segregate and retrieve the same and arrange it in the different formats as required by the actuary, appointed by the SAMA
- Coordinate and communicate with both the Actuary and the RM of New India Assurance Co for clarifications as requested.
- Supervised in the arbitration Case between the New India Assurance Co and Mashail Al Khaleej company
- Liaising with Lawyers, Loss adjusters and Arbitration committee(appointed by SAMA)
- Conducting periodic meetings with relevant entities, and providing them with the necessary reports
- Providing information and clarifications until the completion of case
- Self-motivated, with a strong sense of personal responsibility.
Nokia Mobiles Insurance Project
UIC (Agency for New India Assurance Co)
01.2002 - 01.2008
- Scrutinize the claims invoices
- Analyzing the processing reports for finding out the fraudulent claims & claims that are not covered under the insurance policy
- Reporting any frauds and/or anomalies in claims to the AGM
- Assisting the top management in decision making pertaining to 'Nokia mobiles insurance'
- Preparing work schedules, allotting work for ensuring the completion of work as per schedule, and maintaining work diary
- Preparing cost & inventory statements
- Comparing the consumption of spare parts with the inventory statement for approvals purpose
- Approving / rejecting claims pertaining to both repair & replacements claims
- Issuing debit notes
- Writing queries for extracting the required information from the database
- Generating reports as per management requirements
Education
Master of business administration - System & finance
Madras University
INDIA01.1999
Bachelor of science -
Osmania University
INDIA01.1999
Insurance foundation course exam -
SAMA
KSADiploma in computer applications - Computer applications
Organisation
Diploma in practical & computerized - Accountancy
Organisation
Skills
- Experience with Microsoft Access
- Excel proficiency
- PowerPoint presentation skills
- Proficient in Microsoft Word
- Database administration expertise
- Data interpretation
- Insurance policy expertise
- Policy evaluation
- Sales support
- Quote preparation
- Tally
- Email management
Websites
Certification
- Insurance foundation course exam
- SAMA, Riyadh
LANGUAGES
Arabic Advanced
English Advanced
Hindi Advanced
Indian Advanced
Telugu Advanced
Urdu Advanced
INTERESTS
Career Interest / Passion
KEY ACHIEVEMENTS
- Claims Efficiency Improvement
- Reduced claim processing time by 25%, increasing efficiency and customer satisfaction.
- Premium Collection Success
- Increased premium collection rate by 15% through proactive client communication.
- Risk Evaluation Model
- Developed risk evaluation model; resulting in 30% reduction in underwriting errors.
- Team Training Initiative
- Trained 10 team members, improving team productivity by 20%.
Timeline
Insurance Underwriter
United International Co
01.2008 - Current
Due Diligence Project for Wafa Insurance Co
Wafa insurance
01.2006 - 01.2008
Nokia Mobiles Insurance Project
UIC (Agency for New India Assurance Co)
01.2002 - 01.2008
Master of business administration - System & finance
Madras University
Bachelor of science -
Osmania University
Insurance foundation course exam -
SAMA
Diploma in computer applications - Computer applications
Organisation
Diploma in practical & computerized - Accountancy
Organisation