Insurance Specialist

Wasael Property Management; Abu Dhabi; On-site; AED 150,000 - 210,000; Full time

Job summary

MediaSource FZC in Abu Dhabi is seeking an Insurance Specialist to manage project insurance, assess risks, and ensure regulatory compliance across the project lifecycle.

You will review contracts, coordinate policy placement and renewals, maintain comprehensive insurance registers, and oversee claims while collaborating with brokers, insurers, loss adjusters, and internal teams to close gaps and optimize coverage.

Qualifications

• Minimum 5–8 years of relevant insurance experience, preferably in construction or major project environments.
• Experience managing corporate and project insurance policies, claims, renewals, and compliance.
• Strong understanding of Contractors' All Risks, Professional Indemnity, and Third-Party Liability.
• Experience reviewing contractual insurance requirements and contractor documentation.
• Liaising with insurers, brokers, loss adjusters, contractors, consultants, and internal stakeholders.

Responsibilities

• Manage and coordinate insurance requirements for projects and business activities.
• Review project contracts to identify insurance obligations, coverage and risks.
• Coordinate placement, renewal, amendment, and administration of policies.
• Manage policies including CAR, Professional Indemnity, Third-Party Liability, and Property.
• Review certificates to ensure contractual compliance.
• Maintain insurance registers with policy details, coverage, renewals and claims.
• Monitor policy expiry dates to ensure continuity of coverage.
• Coordinate with brokers, insurers, loss adjusters, contractors, and internal teams.
• Support evaluation of appropriate coverage based on risk exposure.
• Manage insurance claims from notification to settlement and close-out.
• Prepare supporting documents for claims and liaise with relevant parties.
• Provide regular status updates on outstanding claims to management.
• Identify gaps and recommend corrective measures; support audits and reporting.
• Keep abreast of market/regulatory changes relevant to the organization.

Skills

Insurance Management

Project Insurance

Claims Management

Risk Assessment

Policy Administration

Contractual Compliance

Insurance Analysis

Negotiation

Stakeholder Management

Documentation & Reporting

Analytical Thinking

Attention to Detail

Education

Bachelor's degree in Insurance, Risk Management, Finance, Business Administration, Law, or related

CII/ACII qualification or equivalent

Job description

Job Purpose

To manage and coordinate insurance requirements across projects and business operations, ensuring appropriate coverage, regulatory and contractual compliance, effective claims management, and mitigation of insurance-related risks throughout the project lifecycle.

Key Responsibilities

• Manage and coordinate insurance requirements for assigned projects and business activities.
• Review project contracts and agreements to identify insurance obligations, coverage requirements, limits, and associated risks.
• Coordinate the placement, renewal, amendment, and administration of insurance policies in accordance with project and organizational requirements.
• Manage project-related insurance policies including Contractors' All Risks (CAR), Professional Indemnity, Third-Party Liability, Property, and other applicable coverage.
• Review insurance certificates and policies submitted by contractors, consultants, suppliers, and service providers to ensure compliance with contractual requirements.
• Maintain comprehensive insurance registers, including policy details, coverage limits, premiums, renewal dates, claims, and outstanding actions.
• Monitor policy expiry and renewal dates to ensure continuity of required insurance coverage.
• Coordinate with insurance brokers, insurers, loss adjusters, consultants, contractors, and internal stakeholders on insurance-related matters.
• Support the evaluation and selection of appropriate insurance coverage based on project and organizational risk exposure.
• Manage insurance claims from initial notification through assessment, documentation, negotiation, settlement, and close-out.
• Compile and review supporting documentation required for insurance claims and liaise with relevant parties throughout the claims process.
• Monitor the status of outstanding claims and provide regular updates to management.
• Review proposed contractual changes, project activities, and emerging risks to identify potential impacts on existing insurance coverage.
• Coordinate with Risk, Contracts, Commercial, Finance, Legal, HSE, and Project teams to ensure insurance requirements are effectively managed.
• Identify insurance gaps, exclusions, potential exposures, and areas of non-compliance and recommend appropriate corrective measures.
• Support insurance-related audits and ensure required records and supporting documentation are maintained.
• Prepare insurance reports, claims summaries, risk assessments, and management updates as required.
• Maintain awareness of insurance market developments, regulatory changes, and emerging risks relevant to the organization and its projects.

Qualifications & Experience

• Bachelor's degree in Insurance, Risk Management, Finance, Business Administration, Law, or a related discipline.
• Professional insurance qualification such as CII, ACII, or equivalent would be an advantage.
• Minimum 5-8 years of relevant insurance experience, preferable within construction, real estate development, infrastructure, or major project environments.
• Strong experience managing corporate and project insurance policies, claims, renewals, and insurance compliance.
• Good understanding of construction-related insurance products, including Contractors' All Risks, Professional Indemnity, and Third-Party Liability.
• Experience reviewing contractual insurance requirements and contractor/consultant insurance documentation.
• Experience liaising with insurers, brokers, loss adjusters, contractors, consultants, and internal stakeholders.

Key Competencies

• Insurance Management
• Project Insurance
• Claims Management
• Risk Assessment
• Policy Administration
• Contractual Compliance
• Insurance Analysis
• Negotiation
• Stakeholder Management
• Documentation & Reporting
• Analytical Thinking
• Attention to Detail