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5 Oct 2023

Assistant Underwriting Manager – Specialty Business and Product Development at Old Mutual Kenya

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Job Description

Old Mutual Kenya is based in Nairobi and is part of a larger group that offers solutions in long-term savings, asset management and investment. We offer solutions to individuals and corporates underpinned by our core values which are: Respect, Integrity, Accountability and Pushing beyond boundaries.

Responsibilities

The incumbent will be responsible for all the specialty line of business activities, ensure achievement of set business targets, and promote growth .
Ensure continuous product review and development of new products ion line with the company risk appetite

  • Ensure profitable growth of specialty classes including but not limited to Trade Credit, large infrastructure projects, Power generation projects, Events Insurance, Kidnap &  ransom, Oil and gas.
  • Design a product review plan  to ensure products remain relevant in the market
  • Formulate and implement product development strategy , champion  and take leadership of General  insurance product development.
  • Participate in negotiations and discussions on prospective business in growth of business in this area
  • Prepare  quotations as per the company’s standards of service and authority level matrix and follow through to conclusion
  • Ensure timely capturing and issuance of documentation for all business relating to these classes.
  • Prepare various periodic reports on the area of operation
  • Daily servicing of clients to nurture the relationship between the company and our customers
  • Initiate and follow with Insurance Regulatory Authority (IRA) authority  and Reinsurance department to ensure placement of all business outside the existing treaty programs.

QUALIFICATIONS, SKILLS AND COMPETENCIES

Qualifications:

  • 1st Degree
  • At least 5 papers ACII or equivalent

Experience:

  • 5 years

Skills and Competencies:

  • Good product knowledge and technical skills
  • Excellent communication and negotiation skills
  • Excellent interpersonal relations skills
  • Extensive networking with corporate organizations and general intermediaries
  • Good analytical skills


Method of Application

Submit your CV and Application on Company Website : Click Here

Closing Date : 13 October. 2023





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