Insurance Business Development Manager

2 days ago


Riyadh, Ar Riyāḑ, Saudi Arabia Amana Cooperative Insurance Full time
Role Summary:

Amana Cooperative Insurance is looking for a skilled Reinsurance Manager to lead our reinsurance efforts. This is a critical role that requires a deep understanding of the reinsurance market and strong analytical skills.

About the Job:

  • Develop and implement reinsurance strategies that align with our business objectives.
  • Collaborate with senior management to determine optimal reinsurance structures and coverage levels.
  • Analyze and assess the effectiveness of existing reinsurance arrangements and recommend improvements.
  • Manage our reinsurance portfolio, ensuring it adequately covers risks and supports underwriting activities.
  • Negotiate and place reinsurance contracts, ensuring compliance with legal, regulatory, and company requirements.

Your Key Responsibilities:

  • Maintain expertise in reinsurance products and the reinsurance market.
  • Conduct market research to identify potential new reinsurance partners.
  • Analyze financial data to assess the performance of reinsurance arrangements.
  • Negotiate with reinsurers to secure favorable terms and conditions.
  • Represent our company in discussions with reinsurers and regulatory bodies.

Requirements:

  • Bachelor's degree in Insurance, Finance, Business Administration, or a related field.
  • Professional qualification such as Associate in Reinsurance (ARe) or Chartered Insurance (CII).
  • At least 5 years of experience in reinsurance, including experience in managing people at a managerial level.
  • 7-10 years of experience in the insurance industry.

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