Head Insurance

IFFCO; Abu Dhabi; On-site; AED 800,000 - 1,200,000; Full time

Job summary

IFFCO is seeking an experienced Head of Insurance and Risk Management in Abu Dhabi to shape the group’s risk transfer and claims strategy. You will lead risk assessment across operating units and ensure timely settlements while staying ahead of insurance industry developments.

With 12+ years in the field, including leadership of large portfolios, you will develop cost-effective risk transfer plans and build strong relationships with insurers and surveyors, guiding business units to improve risk

Qualifications

• Masters degree in Management or a related field.
• Diploma in Insurance and Risk Management.
• Fellowship of Chartered Insurance Institute, UK or equivalent.

Responsibilities

• Provide insurance and Risk Management support to IFFCO Group companies after proper understanding and analysis of applicable risks.
• Evaluate innovative and cost-effective solutions. Keep abreast of latest insurance industry trends/developments.
• Develop/define a cost-effective risk transfer/retention strategy covering all operating units of IFFCO Group.
• Provide leadership and operational support to BUs for timely claims registration and management of claim settlement process.
• Develop top level effective relationship with insurers, intermediaries and surveyors.
• Develop risk awareness and mitigation in BUs. Help BUs in improving risk profile through periodic internal/external surveys of each BU, seminars and guidance notes.
• Build an effective, efficient and motivated team

Skills

Claims Management

Insurance Policy Clauses

Risk Assessment

Strategic Thinking

Team Leadership

Market Trends

Stakeholder Management

Decision Making

Ownership & Result Orientation

Education

Masters degree in Management

Diploma in Insurance and Risk Management

Fellowship of Chartered Insurance Institute, UK or similar

Job description

Job description

Job Summary

Provide optimum insurance and risk management to entire Group for applicable risks. Develop cost effective risk transfer/retention strategy.Ensure timely claims settlement. Develop risk awareness and mitigation in Group.

Roles & Responsibilities

• Provide insurance and Risk Management support to IFFCO Group companies after proper understanding and analysis of applicable risks.
• Evaluate innovative and cost-effective solutions. Keep abreast of latest insurance industry trends/developments.
• Develop/define a cost-effective risk transfer/retention strategy covering all operating units of IFFCO Group.
• Provide leadership and operational support to BUs for timely claims registration and management of claim settlement process.
• Develop top level effective relationship with insurers, intermediaries and surveyors.
• Develop risk awareness and mitigation in BUs. Help BUs in improving risk profile through periodic internal/external surveys of each BU, seminars and guidance notes.
• Build an effective, efficient and motivated team

KPIs

• Risk management: optimum insurance cover for applicable risks.
• Risk mitigation: improving risk profiles of BUs.
• Risk transfer and retention strategy.
• Claims management.
• Insurance and risk guidance.
• Team building.

Work Experience Requirement

12+ years of experience including 5 years as In-charge independently handling insurance portfolio of over $1 billion in reputed insurance companies/industry.

Qualification

• Masters degree in Management/Diploma in Insurance and Risk Management.
• FellowshipofChartered Insurance Institute, UK or similar.

Competencies

• Claims Management
• Insurance Industry Developments
• Insurance Policy Clauses
• Knowledge of Leading Market Practices
• Self and Team Management
• Strategic Thinking
• Ownership & Result Orientation
• Planning & Decision Making
• Change Management