1 Nov 2024

Assistant Business Developer at APA Life Assurance Company Limited

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Job Description

Apollo Group (Apollo Investments Limited)was an idea born from the need to harness synergies across the insurance business. Built on commitment, integrity and innovation, it has risen to be one of the leading financial groups in East Africa. Apollo Investments Limited (AIL) includes APA Insurance (Kenya and Uganda). It underwrites General Insurance risks …

Assistant Business Developer

KEY PRIMARY RESPONSIBILITIES

  • Collaborate with various departments to identify and exploit cross-marketing opportunities.
  • Develop and implement strategies to increase cross-selling and up-selling to existing clients.
  • Monitor the renewal process to ensure timely engagement with clients.
  • Communicate effectively with clients to discuss renewals, address their needs, and offer appropriate insurance solutions.
  • Ensure renewals engagements are completed within set company timelines.
  • Engage the reinsurance team promptly on various classes of cover.
  • Negotiate policy terms and premiums to ensure they are agreed upon in a timely manner.
  • Ensure risk surveys are conducted for risks classified under CLASS 3, 4, and 5.
  • Oversee the implementation of recommendations for risk improvement based on survey findings.
  • Ensure full adherence to the underwriting branch manual.
  • Maintain accurate and up-to-date underwriting records.
  • Recruit and manage relationships with intermediaries to foster strong partnerships.
  • Ensure the best possible relationship with intermediaries through consistent communication and support.
  • Provide timely and accurate insurance quotations to clients and intermediaries.
  • Ensure all quotations are competitive and meet client needs.
  • Ensure full compliance with Know Your Customer (KYC) requirements.
  • Adhere to all regulatory and company policies, including credit control measures.
  • Monitor and manage the credit control process to ensure timely payment of premiums.
  • Work closely with the finance team to resolve any issues related to premium payments
  • Any other work that may be allocated to you by your supervisor.

ACADEMIC QUALIFICATIONS

Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.

JOB SKILLS AND REQUIREMENTS

  • Excellent communication and negotiation skills.
  • Client-focused with a commitment to delivering exceptional service
  • Strategic thinking and business acumen
  • Analytical skills
  • Presentation skills
  • Communication and interpersonal skills
  • Numerical Skills

PROFESSIONAL QUALIFICATIONS

  • AIIK Diploma/CII

EXPERIENCE

  • At least 4 years relevant experience
  • Strong understanding of underwriting principles, risk assessment, and insurance products


Method of Application

Submit your CV and Application on Company Website : Click Here

Closing Date : 1 December. 2024





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