Louay Ghannam

Experience

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  Fidelity Insurance

  Aug 2015 - Sept 2015

  Underwriter

  Summer internship - started with 10 days orientation over all insurance products. This internship was my 1st step in the world of insurance. After completing the 10 days orientation. I was asked to occupy a technical role within motor underwriting department.

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  Actuscope Consulting SA

  Apr 2016 - Jul 2016

  Actuarial Analyst

  This internship was a major part of my Actuarial Science Master's program in which I had worked on the Master's thesis about "Pandemic Risk Impact on Life Insurance and the capital requirement to cap this event losses"

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  Arab Reinsurance Company

  Oct 2016 - Nov 2017

  Underwriter | Arab Reinsurance

  1. Underwriting of Life & Health facultative new business2. Renewal assessment of Life & Health facultative business2. Support direct manager on Life, Accident and Health treaties analysis 3. Portfolio statistics and management reporting

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  MetLife

  Dec 2017 - May 2024

  Product Actuary for Employee Benefit Line of Business. Handling the following Gulf markets: UAE, Qatar, Bahrain, Oman, and Kuwait. Job responsibilities include but not limited to:1. Annual pricing review to assess the adequacy of health insurance premium rates for all Gulf markets2. Preparation of experience studies including medical trends, age & sex factors, seasonality factors, geographical factors, etc.3. Product development by creating new health insurance products or enhancing existing ones. It involves ideation, market research, designing table of benefits, pricing new benefits, profit testing and sensitivity analysis4. Preparation of the Central Bank Regulatory BI-Annual Pricing Report5. Preparation of the regulatory UW performance report for Oman6. Annual OPEX scaling review to support the business7. Provide actuarial support to UW team on standardizing NSRGs benefits8. Support line manager on all business required tasks9. Prepare, blend, and analyze data from various sources using Alteryx data analytics platform Show less 1. Support Product Head - Levant (Direct Report) on all the local/regional projects and initiatives2. Development of Life, Accident, CI and Medical products for Retail and Group business3. Portfolio statistics4. Designing and pricing insurance products tailored to the market needs5. Building business plans with profit and sensitivity testing for insurance lines6. Communicating results to management through comprehensive reports and presentations7. Simplify Operation and Distribution tasks by creating dynamic excel tools that support their needs Show less 1. Support Product Head - Levant (Direct Report) on all the local/regional projects and initiatives2. Development of Life, Accident, CI and Medical products for Retail and Group business3. Portfolio statistics4. Designing and pricing insurance products tailored to the market needs5. Building business plans with profit and sensitivity testing for insurance lines6. Communicating results to management through comprehensive reports and presentations7. Simplify Operation and Distribution tasks by creating dynamic excel tools that support their needs Show less

  • Product Actuary | Gulf

    Nov 2021 - May 2024

  • Senior Product Analyst | Lebanon & Jordan

    Apr 2021 - Oct 2021

  • Product Analyst | Lebanon & Jordan

    Jul 2019 - Apr 2021

  • Underwriter | Lebanon

    Dec 2017 - Jun 2019
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  GIG Gulf

  May 2024 - now

  Employee Benefits Sr. Pricing Manager | Gulf

  Employee Benefits Senior Pricing Manager for UAE, Oman, Qatar, and Bahrain. Job responsibilities include but not limited to:1. Pricing: development and execution of a comprehensive pricing strategy for large corporate, SME and PL using GLM based models that aligns with the company's overall business objectives and targets. 2. Communication of company strategies and philosophies to team members and ensure effective delivery of risk selection and financial controls.3. Pricing Tools: development and implementation of pricing models, tools, and systems to support pricing analysis, decision-making, andoptimization in line with the strategy.4. Portfolio Profitability: run analysis in existing profitability of products/clients under different channels and segments and explain or highlights early indicators of deviation.5. Product Development: provide technical pricing support where required to new product development outside of the current range of products.6. Regulatory Requirements: support regulatory function in providing necessary details/data required by the regulator on recurrent or adhoc basis.7. Reinsurance Requirements: Work in collaboration with other teams on reinsurance strategy and manage the treaty renewals as per the companyguidelines and strategy.8. Conduct periodic medical studies to refresh healthcare network’s base rates, and medical trends. Show less