54 Underwriting jobs in Bahrain
Director of Underwriting
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Chief Underwriting Officer
Posted today
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Key Responsibilities:
- Develop and execute comprehensive underwriting strategies and guidelines.
- Lead and manage the underwriting department, fostering a culture of excellence and accountability.
- Establish risk tolerance levels and ensure adherence to underwriting standards.
- Analyze market trends, competitor activities, and economic factors impacting underwriting decisions.
- Collaborate with actuarial and product development teams to ensure competitive and profitable product offerings.
- Oversee the pricing and terms for complex insurance risks.
- Monitor underwriting performance metrics and implement corrective actions as needed.
- Ensure compliance with all applicable insurance regulations.
- Train and mentor underwriting staff, promoting professional development.
- Present underwriting performance and strategies to the executive team and board of directors.
- Evaluate and approve high-level risk acceptances.
This is a critical leadership role based in Nuwaidrat, Southern, BH . Our client is a leading insurance provider committed to excellence and customer satisfaction. We offer a competitive compensation package and significant opportunities for professional growth. Join our team and play a vital role in shaping the future of our insurance business.
Senior Underwriting Manager
Posted today
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Key responsibilities include managing a team of underwriters, providing guidance, training, and performance evaluation. You will be responsible for developing and implementing underwriting policies and procedures to ensure consistent and accurate risk assessment. Reviewing and approving complex or high-value insurance applications, and making critical decisions on risk acceptance or declination, will be a core function. You will also analyze market trends, competitor activities, and portfolio performance to identify potential risks and opportunities. Collaborating with actuaries, claims departments, and sales teams to ensure profitability and client satisfaction is essential. Developing and maintaining strong relationships with brokers and agents will also be a key aspect of the role. You will be tasked with monitoring underwriting performance against established metrics and implementing corrective actions as needed. Staying abreast of regulatory changes and ensuring the underwriting department's compliance with all applicable laws and regulations is paramount.
We are looking for a candidate with a Bachelor's degree in Business Administration, Finance, or a related field. Professional designations such as CPCU (Chartered Property Casualty Underwriter) or equivalent are highly desirable. A minimum of 7 years of progressive experience in insurance underwriting, with at least 3 years in a leadership or supervisory role, is required. Strong knowledge of various insurance lines (e.g., property, casualty, life) and risk management principles is essential. Excellent analytical, decision-making, and problem-solving skills are a must. Outstanding communication, negotiation, and interpersonal skills are needed to effectively manage a team and liaise with internal and external stakeholders. The ability to interpret complex financial data and insurance contracts is critical. A proactive approach to risk management and a commitment to maintaining underwriting excellence are vital for success in this position. This is an excellent opportunity to lead and shape the future of underwriting.
Senior Underwriting Manager
Posted 1 day ago
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Job Description
Responsibilities:
- Lead and manage the underwriting team, setting performance goals and providing guidance.
- Develop, implement, and enforce underwriting policies and procedures.
- Evaluate and approve complex insurance risks, ensuring compliance with company guidelines and risk appetite.
- Analyze market trends, competitor activities, and regulatory changes impacting underwriting.
- Train and mentor junior underwriters, fostering their professional development and expertise.
- Collaborate with sales and actuarial departments to develop new products and strategies.
- Monitor underwriting performance, profitability, and loss ratios, implementing corrective actions as needed.
- Build and maintain strong relationships with brokers, agents, and clients.
- Ensure compliance with all relevant insurance regulations and industry standards.
- Bachelor's degree in Finance, Economics, Business Administration, or a related field.
- Minimum of 8 years of experience in insurance underwriting, with at least 3 years in a management or supervisory role.
- Extensive knowledge of various insurance lines (e.g., property, casualty, life, health).
- Strong understanding of risk assessment, financial analysis, and actuarial principles.
- Excellent leadership, communication, and negotiation skills.
- Proven ability to make sound decisions in complex situations.
- Relevant professional designations (e.g., CPCU, AU) are highly desirable.
Insurance Underwriting Specialist
Posted 1 day ago
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Key responsibilities include analyzing applicant information, financial statements, and relevant documentation to assess risk. You will make informed decisions on whether to accept, reject, or modify insurance proposals based on established underwriting guidelines and company policies. The Underwriting Specialist will work closely with insurance agents and brokers to gather necessary information and provide clarification on policy terms and conditions. You will also review and update existing policies as needed, considering changes in risk factors or client circumstances. Maintaining accurate and thorough records of underwriting decisions and communications is essential. This role requires strong analytical and decision-making skills, with a keen eye for detail. Excellent communication and negotiation skills are important, as you will interact with various stakeholders. Staying up-to-date with industry regulations, market trends, and evolving risk landscapes is crucial. Our client values integrity, accuracy, and a commitment to customer satisfaction. You will play a vital role in protecting the company from undue risk while ensuring fair and competitive pricing for our clients. Professional development and continuous learning are encouraged within the team. This is an excellent opportunity to advance your career in the insurance sector.
Senior Underwriting Manager
Posted 1 day ago
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Job Description
Key Responsibilities:
- Lead and manage the underwriting department and team.
- Develop and implement comprehensive underwriting policies and procedures.
- Evaluate and assess risks for complex insurance applications.
- Set underwriting guidelines and ensure their consistent application.
- Monitor underwriting performance and portfolio profitability.
- Provide training and mentorship to underwriting staff.
- Collaborate with sales, actuarial, and claims departments.
- Analyze market trends and identify new business opportunities.
- Ensure compliance with regulatory requirements.
- Drive continuous improvement in underwriting processes.
Qualifications:
- Bachelor's degree in Finance, Economics, Business Administration, or a related field.
- 7+ years of experience in insurance underwriting, with at least 3 years in a management or leadership role.
- In-depth knowledge of insurance products, risk management, and actuarial principles.
- Proven experience in developing and implementing underwriting strategies.
- Strong analytical, decision-making, and problem-solving skills.
- Excellent leadership, team management, and communication abilities.
- Proficiency with underwriting software and CRM systems.
- Understanding of regulatory compliance in the insurance sector.
- Ability to work independently and effectively in a remote team environment.
- Professional designations such as CPCU (Chartered Property Casualty Underwriter) are a plus.
Senior Underwriting Manager
Posted 1 day ago
Job Viewed
Job Description
Key responsibilities include:
- Leading and mentoring a team of insurance underwriters, providing guidance and training.
- Developing and refining underwriting guidelines and policies to align with business objectives and risk appetite.
- Evaluating complex insurance applications, assessing risks, and determining appropriate coverage and pricing.
- Monitoring underwriting performance and KPIs, implementing corrective actions as needed.
- Collaborating with actuaries to analyze trends, pricing, and reserving.
- Working with the claims department to understand loss trends and inform underwriting practices.
- Building and maintaining strong relationships with brokers and agents.
- Ensuring compliance with all relevant insurance regulations and legal requirements.
- Developing and delivering underwriting training programs.
- Contributing to the development of new insurance products and services.
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Senior Underwriting Manager
Posted 1 day ago
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Job Description
Key Responsibilities:
- Lead, mentor, and develop a team of underwriters, setting performance standards and fostering a culture of excellence.
- Develop, implement, and refine underwriting guidelines, policies, and procedures to ensure consistency, accuracy, and profitability.
- Oversee the underwriting process for complex risks, making final decisions on policy acceptance, terms, and conditions.
- Conduct in-depth analysis of market trends, competitor activities, and emerging risks to inform underwriting strategies.
- Ensure compliance with all relevant insurance regulations, legal requirements, and company policies.
- Collaborate with actuaries to review pricing models, rate adequacy, and portfolio performance.
- Develop and maintain strong relationships with brokers and agents, providing expert guidance and support.
- Monitor underwriting performance metrics, analyzing data to identify areas for improvement and implement corrective actions.
- Contribute to product development and innovation by providing underwriting insights and expertise.
- Manage the underwriting department's budget and resources effectively.
- Stay abreast of industry best practices and advancements in underwriting technology.
- Represent the company in industry forums and professional development activities.
- Bachelor's degree in Business Administration, Finance, Economics, or a related field. Professional designations such as ACII, FLMI, or equivalent are highly desirable.
- Minimum of 7 years of progressive experience in insurance underwriting, with significant experience in a leadership or management capacity.
- Proven expertise in underwriting principles, risk assessment, and pricing strategies for a range of insurance products (e.g., property, casualty, life, health).
- Strong understanding of insurance regulations and compliance requirements.
- Excellent analytical, decision-making, and problem-solving skills.
- Exceptional leadership, communication, and interpersonal skills.
- Ability to manage teams, drive performance, and foster a collaborative work environment.
- Proficiency in underwriting systems and relevant software applications.
- Ability to work effectively in a hybrid work model.
Insurance Underwriting Specialist
Posted 1 day ago
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Job Description
Key responsibilities include:
- Reviewing and analyzing insurance applications for various policy types (e.g., life, health, property, casualty).
- Assessing risks associated with each application by examining financial records, medical histories, property reports, and other relevant documentation.
- Determining policy eligibility and coverage limits based on established underwriting guidelines and risk appetite.
- Calculating and setting premium rates that accurately reflect the assessed risks and ensure profitability.
- Utilizing underwriting software and tools to streamline the evaluation process and maintain records.
- Collaborating with insurance agents and brokers to gather necessary information and clarify policy details.
- Staying updated on industry regulations, market trends, and changes in insurance products.
- Identifying potential fraud indicators and escalating suspicious applications for further investigation.
- Developing and recommending improvements to underwriting policies and procedures.
- Providing clear explanations of underwriting decisions and policy terms to relevant parties.
The ideal candidate will hold a Bachelor's degree in Finance, Economics, Business Administration, or a related field. Relevant professional designations such as Associate in Underwriting (AU) or Chartered Property Casualty Underwriter (CPCU) are highly preferred. A minimum of 4 years of experience in insurance underwriting is required, with a strong understanding of risk assessment principles and insurance contract law. Excellent analytical, decision-making, and problem-solving skills are essential. Proficiency in using underwriting software and MS Office Suite is necessary. Strong communication and interpersonal skills are required to effectively interact with agents, brokers, and internal teams. You must be highly organized, with exceptional attention to detail and the ability to manage a high volume of applications accurately and efficiently. This role offers a chance to be a key player in the insurance sector, contributing to sound risk management strategies.
Chief Underwriting Officer
Posted 2 days ago
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Job Description
Responsibilities:
- Develop and execute the company's underwriting strategy, policies, and procedures to achieve profitable growth and market leadership.
- Oversee all aspects of the underwriting process, ensuring compliance with regulatory requirements and internal controls.
- Analyze market trends, competitor activities, and emerging risks to adapt underwriting strategies accordingly.
- Establish and monitor key performance indicators (KPIs) for underwriting, including loss ratios, expense ratios, and combined ratios.
- Lead, mentor, and develop a high-performing team of underwriters and underwriting support staff.
- Collaborate with actuaries, claims, product development, and sales teams to ensure alignment and optimize business performance.
- Review and approve complex or high-value risks, providing expert guidance and decision-making.
- Drive innovation in underwriting practices, including the adoption of new technologies and data analytics.
- Manage the underwriting department's budget and resources effectively.
- Represent the company in industry forums and discussions related to underwriting and risk management.
- Master's degree in Business Administration, Finance, Risk Management, or a related field.
- Minimum of 15 years of progressive experience in the insurance industry, with a significant portion in underwriting leadership roles.
- Proven track record of successfully managing underwriting operations and delivering profitable results.
- Deep understanding of insurance principles, financial markets, and risk management techniques.
- Extensive knowledge of various insurance lines of business and their associated risks.
- Strong strategic thinking, analytical, and decision-making capabilities.
- Exceptional leadership, communication, and interpersonal skills, with the ability to influence stakeholders at all levels.
- Experience with underwriting automation and data analytics tools is highly desirable.
- Relevant professional designations (e.g., CPCU, ARM) are a strong asset.
- Demonstrated ability to lead and manage a remote team effectively, fostering collaboration and high performance.