Underwriting Officer/Sr. Officer (P&C)

Qatar Insurance Group; Doha; On-site; QAR 360,000 - 540,000; Full time

Job summary

Qatar Insurance Company Q.S.P.C (QIC, QIC Group) is seeking an experienced corporate underwriter to service existing clients across Property, Engineering, Casualty and General Accident lines. You will underwrite risks within defined authority and determine premiums and coverage terms.

The role requires 5–7 years of corporate underwriting experience, a Bachelor's in Engineering, and strong negotiation and market knowledge to optimize risk selection and profitability.

Qualifications

• Minimum 5-7 years experience in handling underwriting of corporate accounts for Property, Engineering, Casualty and General Accident lines.
• Good underwriting technical & marketing skills.
• Good knowledge of Insurance Products & Services.

Responsibilities

• Servicing existing corporate customers of QIC Group for Property, Engineering, Casualty and General Accident insurance products.
• Underwrite good quality risks within the authority limit specified in the Operations Manual.
• Determine insurance premiums, extent of insurance coverage and other conditions of the insurance contract.
• Assessment of risks and releasing quotations in line with the Company's underwriting guidelines and reinsurance arrangement.
• Negotiate on premium and policy terms with Clients and Insurance Brokers.

Skills

Underwriting expertise

Negotiation skills

Education

Bachelor's Degree in Engineering

Job description

Qatar Insurance Company Q.S.P.C (QIC, QIC Group) is a publicly listed insurer with a consistent performance history of over 60 years and a global underwriting footprint. Founded in 1964, QIC was the first domestic insurance company in the State of Qatar. Today, QIC is the market leader in Qatar and a dominant insurer in the GCC and MENA regions. QIC is one of the largest insurance companies in the MENA region in terms of written premium and total assets and is listed on the Qatar Stock Exchange and has a market capitalization in excess of QAR 7 billion. QIC is also the first digital insurance company in Qatar and was crowned as the best online insurance company in the Middle East at the Global Banking & Finance Review Awards 2022.

Job Description:

• Servicing existing corporate customers of QIC Group for Property, Engineering, Casualty and General Accident insurance products.
• Underwrite good quality risks within the authority limit specified in the Operations Manual.
• Determine insurance premiums, extent of insurance coverage and other conditions of the insurance contract.
• Assessment of risks and releasing quotations in line with the Company's underwriting guidelines and reinsurance arrangement.
• Negotiate on premium and policy terms with Clients and Insurance Brokers.

Qualifications:

• Minimum 5-7 years experience in handling underwriting of corporate accounts for Property, Engineering, Casualty and General Accident lines.
• Bachelor's Degree in Engineering
• Good underwriting technical & marketing skills
• Good knowledge of Insurance Products & Services
• Good problem-solving and negotiating skills