Job Description
Purpose
Cigna recently secured a license to offer health insurance in the Kingdom of Saudi Arabia. We are excited to open a new role for an underwriter to be based in Riyadh. The underwriter is expected to work on new business quotes and renewal of existing SME clients.
Key Responsibilities
Evaluate, price and modify plan design for renewals and new business quotations in compliance with underwriting authorities
Manage portfolio of accounts by balancing profitability and revenue
Collaborate with client managers, salesperson and brokers to ensure clients’ expectations on product and pricing are met
Comprehensive understanding of the products offered and regulatory environment in the KSA market
Provide concise, clear and decisive instructions on risk exposure
Support rest of the underwriters on the team to balance the workload.
Be market aware; understand competitive and regulatory landscape.
Education and Experience
Two to five years of insurance experience in health underwriting and/or pricing actuary
Bachelor’s degree in finance, mathematics, engineering, actuarial or similar
Capabilities
Risk assessment skills
Commercial mindset
High level of numeracy & accuracy
Excellent negotiation and communication skills
Ability to take ownership and effective time management
Manage stake holder expectations and deliver under pressure