256 Underwriter jobs in Bahrain

• Evaluate insurance applications to assess risk and determine eligibility for coverage.
• Analyze financial statements, medical records, property reports, and other relevant documentation.
• Develop underwriting guidelines and policies in accordance with company objectives and regulatory requirements.
• Calculate premiums and determine policy terms and conditions based on risk assessment.
• Approve or reject insurance applications, providing clear justification for decisions.
• Manage a portfolio of insurance risks, ensuring profitability and solvency.
• Maintain up-to-date knowledge of market trends, industry developments, and competitor activities.
• Collaborate with agents, brokers, and claims adjusters to gather necessary information and provide expert advice.
• Ensure compliance with all relevant insurance laws and regulations.
• Utilize underwriting software and analytical tools to process applications and manage risks efficiently.
• Participate in remote team meetings, training sessions, and professional development programs.
• Contribute to the development and refinement of underwriting processes and strategies.
• Communicate effectively with internal and external stakeholders regarding policy details and risk factors.

• Bachelor's degree in Finance, Economics, Business Administration, or a related field.
• Proven experience as an Insurance Underwriter, with a strong understanding of risk assessment and policy development.
• Excellent analytical, quantitative, and problem-solving skills.
• Proficiency in financial analysis and the ability to interpret complex data.
• Strong understanding of insurance products, regulations, and market dynamics.
• Exceptional written and verbal communication skills, essential for remote collaboration.
• Ability to work independently, manage time effectively, and meet deadlines in a remote environment.
• Proficiency with underwriting software and standard office applications.
• Relevant professional certifications (e.g., CPCU, CIC) are highly desirable.
• Must possess a reliable internet connection and a dedicated workspace conducive to focused work.

• Evaluate insurance applications to assess risks and determine insurability.
• Calculate appropriate premium rates based on risk factors and market analysis.
• Determine policy terms, conditions, and coverage limits.
• Analyze financial statements, loss history, and other relevant data.
• Communicate underwriting decisions and rationale to agents, brokers, and clients.
• Develop and maintain strong relationships with internal and external stakeholders.
• Stay current with industry trends, regulations, and competitor activities.
• Contribute to the development and refinement of underwriting guidelines.
• Ensure compliance with all relevant laws and company policies.

• Proven experience as an Insurance Underwriter.
• Strong understanding of risk assessment, actuarial principles, and statistical analysis.
• Excellent analytical and problem-solving skills.
• Proficiency in underwriting software and MS Office Suite.
• Strong negotiation and communication skills.
• Bachelor's degree in Finance, Economics, Actuarial Science, or a related field.
• Relevant professional certifications (e.g., CPCU, AU) are highly desirable.

My Client is a world leader in insurance and financial services and is the leading international insurance organization with operations in more than 130 countries and jurisdictions. They serve commercial, institutional, and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. They are leading providers of retirement services, financial services, and asset management around the world.

We are looking for someone with good experience in the underwriting world - ideally with a general insurance background who can eventually step into being the main underwriter for this division. It would be preferable for this person to speak Arabic, but they are open on this side of things for the right person.

We are looking for a decisive, dynamic, and focused team player who has been able to deliver high-performance oriented results in a challenging work-related and educational environment with an excellent salary package.

Having experience in underwriting in a reputable insurance company.

Location: Information Technology and Services - Lahore, Pakistan

• Evaluate and underwrite complex insurance applications across various lines of business.
• Analyze risk factors, financial statements, and loss histories to determine insurability and appropriate pricing.
• Develop and apply underwriting guidelines and policies to ensure consistency and adherence to risk appetite.
• Set premium rates and terms of coverage for new and renewal business.
• Communicate effectively with brokers, agents, and clients to gather necessary information and explain underwriting decisions.
• Collaborate with claims, actuarial, and sales departments to ensure a cohesive approach to risk management.
• Monitor portfolio performance and identify emerging trends and risks.
• Mentor and provide guidance to junior underwriters.
• Stay updated on industry regulations, market developments, and best practices in underwriting.
• Contribute to the development and refinement of underwriting tools and processes.

• Bachelor's degree in Finance, Economics, Business Administration, or a related field.
• Minimum of 7 years of progressive experience in insurance underwriting, with a specialization in (specific line of insurance, e.g., commercial property, professional liability).
• Proven ability to assess and underwrite complex risks with accuracy and efficiency.
• Strong understanding of insurance principles, financial analysis, and risk management.
• Excellent analytical, problem-solving, and decision-making skills.
• Exceptional written and verbal communication skills, with the ability to negotiate and influence.
• Proficiency in underwriting software and analytics tools.
• Relevant professional designations (e.g., CPCU, ARM) are highly desirable.
• Ability to work independently and manage a demanding workload in a remote environment.
• Strong attention to detail and organizational skills.
• Experience with international markets is a plus.

• Lead and manage the underwriting department, setting strategic direction and goals.
• Develop and implement underwriting policies, guidelines, and procedures.
• Oversee the risk assessment and pricing of complex insurance risks.
• Manage a team of underwriters, providing guidance, training, and performance evaluations.
• Collaborate with actuaries to analyze portfolio performance, pricing adequacy, and reserving.
• Work closely with the claims department to provide underwriting insights and feedback.
• Monitor market trends, competitive landscape, and emerging risks.
• Ensure compliance with all relevant insurance regulations and legal requirements.
• Contribute to product development and innovation initiatives.
• Maintain strong relationships with brokers, agents, and key clients.
Qualifications:

• Bachelor's degree in Finance, Economics, Actuarial Science, or a related field. Advanced degree or relevant professional designations (e.g., CPCU, FCII) are highly preferred.
• Minimum of 10-12 years of progressive experience in insurance underwriting, with a significant portion in a leadership or management role.
• Deep expertise in various lines of insurance underwriting (e.g., commercial property, liability, specialty lines).
• Strong understanding of risk management principles, actuarial concepts, and financial analysis.
• Proven leadership abilities with experience managing and developing teams.
• Excellent analytical, decision-making, and problem-solving skills.
• Strong negotiation and communication skills, with the ability to influence stakeholders.
• Proficiency in underwriting software and data analysis tools.
• In-depth knowledge of insurance regulations in Bahrain and relevant international markets.
• Strategic mindset with a focus on profitability and sustainable growth.