Who we are
GIG Gulf (a Fairfax company) is part of the Gulf Insurance Group (GIG), the #1 largest regional composite insurer in the Middle East and North Africa, with presence in 12 markets including the United Arab Emirates, Bahrain, Oman, Qatar, Saudi Arabia, Algeria, Egypt, Iraq, Jordan, Kuwait, Lebanon, and Turkey. GIG Group reported consolidated assets of US $ 4.01 billion and $84 million net profit for the year 2024.
The majority shareholder of GIG Group is Toronto based Fairfax Financial Holding, a global leader in insurance and reinsurance with a presence in 40 markets.
GIG Gulf is an ‘A’ rated regional insurer with a top 5 position in each of its markets (UAE, Oman, Qatar, Bahrain). GIG Gulf has been present in the region for over 70 years with a strategic focus on both growth and investments and is a one stop shop offering a wide range of insurance products and services that cater to a broad variety of needs for corporates, SMEs and individual customers throughout UAE, Oman, Bahrain, and Qatar.
GIG Gulf also owns a 50% stake in GIG Saudi. Our strategic objectives and guiding principles are focused on Regional Growth, Customer Experience and Digital Transformation.
GIG Gulf has created a diverse and inclusive working environment and culture with a workforce of over 800 employees, with over 60 nationalities, across 15 branches and retail shops region-wide and over 1 million customers. GIG Gulf is a caring partner that encourages customers to achieve their goals and live an inspiring and fulfilling life. We are obsessed with customer feedback and continuously evolving to become the region’s digital insurer of reference, committed to running our operations in a responsible, sustainable way.
Jobpurpose
Coordinate and execute underwriting operations and policy production as per Company’s guidelines.
Key Responsibilities- Coordinate and execute timely production of commercial policies and ensure the accuracy of the documents in line with the customer/broker agreements
- Underwrite profitable new and renewal P&C business, prepare quotations and offer underwriting terms to brokers and customers against business enquiries within the delegated underwriting authority as per GIG’s underwriting guidelines and within agreed time frames.
- Ensure all policy and related documents are dispatched/ delivered to the customers/ brokers within the shortest possible time and a record is maintained
- Identify and refer all risks outside personal authority limit to the relevant manager.
- Provide technical guidance and support where necessary.
- Supervise the Renewal process in conjunction with the Underwriting Controller.
- Functional Skills/Physical
Competencies:
e.g. Industry Knowledge, Stress Management, Time Management, Relationship Management. - Underwriting solutions based on pre-defined processes and procedures
- Deviation from standard underwriting guideline – approval from manager
- Good negotiation skills required
- Good technical knowledge of industry and various areas required
- High level of interaction with the various departments is required to ensure information received or required is collected accordingly
- Sound knowledge of insurance industry and all functions is required.
- Tertiary Education – Any Discipline
- Insurance Qualification preferred.
- 2+ Years Insurance (Underwriting) Experience
- Basic Computer knowledge
- Leadership skills
- Adaptability, Customer Focus, Creativity, Innovation, Problem Solving
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