Insurance Sector Governance Specialist
4 days ago
The Insurance Authority is seeking a skilled Insurance Sector Governance Specialist to support the supervision of insurance brokerages.
- This role involves conducting risk assessments, reviewing compliance activities, and providing guidance to brokerages.
- The specialist will analyse operations, evaluate procedures, and ensure compliance with relevant regulations.
Key Responsibilities:
Conduct risk assessments to identify potential risks and vulnerabilities in insurance companies.
- Evaluate implemented procedures and actions to ensure compliance with relevant regulations.
- Assess financial health indicators such as liquidity, solvency ratios, and capital adequacy.
Supportive Responsibilities:
- Review approval/non-objection requests from insurance services companies.
- Communicate regulatory expectations and provide guidance on achieving compliance.
- Develop reports on supervision activities and findings.
- Provide support to the Insurance Authority's leadership for strategic decision-making.
Requirements:
- Relevant experience in insurance brokerages, inspection, and compliance.
- Prior experience in government sector or regulatory bodies is preferred.
- Bachelor's degree in Business Administration, Finance, Accounting, or related specialization.
- Relevant Insurance certification is preferred.
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