Head Insurance

IFFCO; Dubai; On-site; AED 1,100,000 - 1,700,000; Full time

Job summary

IFFCO is seeking a senior professional to provide optimum insurance and risk management across the Group. The role develops cost-effective transfer/retention strategies and ensures timely claims settlement, driving risk awareness and mitigation across business units.

The candidate will lead a team, oversee insurers and surveyors, and stay abreast of industry developments while ensuring alignment with strategic objectives.

Qualifications

• Masters degree in Management or equivalent.
• Diploma in Insurance and Risk Management or related certification.
• Fellowship of Chartered Insurance Institute (CII) or equivalent accreditation.

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 and stay updated on industry trends.
• Develop/define a cost-effective risk transfer/retention strategy covering all operating units.
• Provide leadership and operational support to BUs for timely claims registration and management.
• Build relationships with insurers, intermediaries and surveyors.
• Promote risk awareness and mitigation in BUs through surveys, seminars and guidance notes.
• Build an effective, efficient and motivated team.

Skills

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

Education

Master's degree in Management

Diploma in Insurance and Risk Management

Fellowship of Chartered Insurance Institute, UK

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.
• Fellowship of Chartered 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