Insurance Manager

Albert Sathiya Kumar

P.O. Box *****, Dubai - U.A.E.

Mobile No. : +971-**-*******

Email : adhbep@r.postjobfree.com

A performance-centered Personnel with over 17 years of working experience in the Insurance Sector in UAE

Synopsis

A result oriented professional with rich experience in varied areas such as Insurance, Finance, General Administration, Marketing & Operations.

An effective communicator with exceptional relationship management skills & the ability to relate to people at any level of business and management.

Computer / IT Expertise

Advanced MS Excel (including V-Lookup, Pivot Table etc), MS Office, MS Power Point skills

Knowledge of Visual FoxPro, Tally & Progress Operations.

Well versed in Primea 9, Sigorta & Praktora operations.

Professional Certifications

Associate of the Insurance Institute of India

Appearing for Fellowship Examination (General)

Diploma in Labour Law with Administrative Law.

Skills/Strengths:

Excellent interpersonal / negotiation and communication skills

Deal effectively with people at different levels

Held Leadership role within the Operations Team to achieve Company’s Targets effectively

Excellent organizational skills and the ability to prioritize work effectively in an environment that

can sometimes be pressurized

Confident negotiation skills

sensible Judgement and meticulous attention to detail

Excellent Time management

Decision-making

Academic Qualifications

Bachelor of Commerce Degree, Loyola College, University of Madras, India

Professional Experience

ROCK SOLID INSURANCE BROKERS LLC, DUBAI - UAE

Manager – General Insurance

March 2019

Analyzing the risks in a Client’s business, identifying the client’s insurance requirements and suggesting appropriate insurance with wider coverage

Liaising between Clients and Insurance Providers, finding the Client the best deal for insurance cover

Building and maintaining Business Relationships with Clients

Scheduling and attending meetings, discussing and assessing Clients' current and future Insurance needs

Researching Insurance Policies and Products

Preparation of Broking Slips & Quotes comparisons

Comparing terms and suggesting Competitive terms to the Clients based on the quotes received from the various Insurance Provider

Negotiating with Insurance Providers as per Client’s requirement

Placement / Arranging Insurance cover for clients with the Insurance provider

Checking of Policies vis-à-vis the clauses to process error free documents

Renewing or Amending existing policies for Clients

Responsible for Updating / Uploading of Policy details with Premium in System

Handling various Class of Insurance viz. Fire, PAR, SME Package, CAR, EAR, CPM, EE, General Accident, Miscellaneous, Marine etc.

Co-ordinating with Client(s) & Insurance Companies for the speedy & amicable settlement of Claims

Training of Marketing Team

GULF OASIS INSURANCE BROKERS LLC, DUBAI - UAE

Assistant Manager - Insurance

October 2016 – December 2018

Analysing the risks in a client’s business, identifying the client’s insurance requirements and suggesting appropriate insurance with wider coverage

Liaising between Clients and Insurance companies, finding the client the best deal for insurance cover

Preparation of Slips & Quotes comparisons

Handling various Class of Insurance viz. Fire, Engineering, Liability, General Accident, Miscellaneous, Marine, Motor Fleet Insurance, Medical, Group Medical, Group Life Policies etc.

Comparing terms and suggesting Competitive terms to the clients based on the quotes received from the various Insurers

Negotiating with Insurers as per the Client’s requirement

Checking of Policies vis-à-vis the clauses to process error free documents

Responsible for Updating / Uploading of Policy details / Premium in Sigorta

Responsible for Preparation / Submission of Monthly Import / Export Declarations to Insurer

Declaration of Equipment Addition / Deletion Details to Insurer under CPM/CGL Policy

Building and maintaining business relationships with Clients

Training of Marketing Team as and when required

Union Insurance Company PSC, Dubai, UAE

Senior Executive - Underwriting

August 2012 – August 2016

Checking and approving the transactions as per the Underwriting Authority provided

Assisting Line Manager to mediate daily tasks and taking the leadership whenever required

Achieved 95% SLAs

Issuance of New Policies for various Classes of Business viz. Fire / PAR, General Accident, Engineering (Contractor’s All Risks, Erection All Risks, Contractor' Plant & Machinery etc.), Liability, Medical Malpractice, Professional Indemnity & Miscellaneous on / after verifying clauses

Issuance of renewal policies / amendments / extensions after verifying the relevant clauses.

Well versed in meeting targets / deadlines / turnaround times.

FAC / Treaty / R/I closing done on time.

Providing quotations for various class of business (viz. Fire, PAR, General Accident/Liability, Engineering & Marine) on receipt of enquiries / proposal forms from Marketing Personnel, Brokers & Direct Clients after thorough scrutiny.

Ensuring competitive quotations are negotiated to enhance business at the same time keeping risks at minimum level.

Approaching Re-Insurers for quotes where FAC support is needed in case of high Sum Insured / Specific Risks

Preparation of R/I Slips for various class of business.

Placement of R/I Slip with Re-Insurers

Intimating Finance / Accounts Department where Premium to be paid to the Re-Insurers without any delay

NATIONAL GENERAL INSURANCE COMPANY, DUBAI – U.A.E.

Senior Supervisor – Fire & General Accident

May 2006 - May 2012

Analyze, Evaluate and make underwriting decisions in line with underwriting guidelines and recommendations, coordinating with Corporate Office (Head Office) Underwriting Team.

Review individual applications/enquiries for insurance to evaluate degree of risk involved and determine acceptance of applications.

Providing quotations for various class of business (viz. Fire, General Accident/Liability, Engineering & Marine) on receipt of enquiries / proposal forms from Marketing Personnel, Brokers & Direct Clients after thorough scrutiny.

Ensuring competitive quotations are negotiated to enhance business at the same time keeping risks at minimum level.

Co-ordination with Head Office on various matters including quotations above branch limits & speedy/amicable settlement of claims.

Closely work with Business Development Team in ensuring business conversions so as to assist the office in achieving the Production Budget by adhering to the underwriting guideliness

Liaise with the producers / marketing team to address the technical queries of the clients.

Evaluating prospective clients and follow-up.

Issuance of New Policies / renewal policies / amendments after verifying the relevant clauses.

Follow-up of all renewals and confirm order prior to renewal date by offering competitive terms based on the performance after checking claim status for each account.

Building relations with Clients & Brokers to ensure maximization of Policy renewals.

Ensuring Branch / Marketing Personnel’s Targets are achieved.

Submission of Weekly / Monthly Reports viz. Branch Weekly Production, Marketing Personnel’s Production, Performance Review, Policy Register etc.

Ensuring Broker’s out standing premium payments are collected in a timely manner.

PEARL INSURANCE BROKERS CO. LLC, DUBAI - UAE

Administrative Supervisor - Insurance

May 2001 - May 2006

Analysing the risks in a client’s business, identifying the client’s insurance requirements and suggesting appropriate insurance covers

Preparation of Slips & Quotes comparisons

Ensuring wider coverage & Client’s interest secured.

Handling of Marine, Fire, Engineering, Liability Motor Insurances

Checking of Policies vis-à-vis the clauses

Arranging Medical / Life Insurance / Travel Insurance for clients through Insurance Companies

Coordinating with client & Insurance companies for the speedy & amicable settlement of claims

Follow-up of Premium Payment from the clients

Production Bordereau & accounts statements upto Balance Sheet

Preparation of Bank Reconciliation Statement.

Work Shop / Seminars Attended

Workshop on Fire Risks Insurance, Investigation of Fire Accidents & Profession Safety by Emirates Insurance Association & Civil Defense, UAE.

Workshop on Property Insurance / Claims conducted by Munich Re Group at Dubai, UAE

Training program on Property Insurance / Liability Insurance by Oman Insurance Company, Dubai.

Workshop on Business Interruption by Insurance Business Group at Dubai, UAE

Creative Selling at Bangalore, India.

Stress Management at Madras, India.

Languages Known

English, Tamil, Malayalam & Hindi

Driving License

Valid U.A.E. Driving License

- Excellent reference can be furnished upon request -

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