UMER NAWAZ - ACII, MBA

Experience

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  EFU General Insurance Ltd

  Jun 2008 - Jan 2013

  Responsible to assist the Executive Vise President and performing following major duties as,• Scrutinizing insurance proposals,• Giving recommendation to client for risk improvement if risk is not of acceptable one,• Declining proposal if the proposed insurance cannot be underwritten as an acceptable rate,• Preparing insurance quotation for insurance agents and assisting agents in responding toquestions about the proposed coverage and rates,• Calculating possible risk and deciding adequate pricing of insurable risks,• Negotiating and specifying terms & conditions to be imposed on different types of policies with policyholders,• Deciding whether the risk should be shared with a Coinsurer,• Formation of policies,• Timely issuance of renewal notices; try to retain maximum renewals by efficient client service.• Effective follow up for outstanding premiums, Show less Responsible to assist the Executive Vice President and performing following major duties as,• To analyze and ensure processing of all claims as per company policy,• Receive intimation of claims and check validity of these under the light of policy,• Managing, administering, and settling claims (motor, marine, fire, and miscellaneous types).• Verifying accuracy of survey data, including measurements and calculations conducted at sites.• Analyzing information and evaluating results for selection of best solution to insurance problems.• Transcribing, recording, storing, and maintaining information in accordance with set procedures.• Compiling, categorizing, calculating, tabulating, auditing, and verifying information.• Preparing preliminary and final reports for top management review.• Calculating possible loss and adjusting insurance claims according to terms and conditions of policies.• Handing risk management and analysis surveys to evaluate client risk values as acceptable or unacceptable. Show less

  • Assistant Manager Underwriting ( Property& Engineering Department)

    Sept 2011 - Jan 2013

  • Assistant Manager - Claims Department

    Jun 2008 - Sept 2011
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  Dubai Insurance Co.

  Apr 2013 - Sept 2014

  Motor Claim Officer

  Responsible to assist the manager claims and performing following major duties as,• To analyze and ensure processing of all claims as per company policy,• Receive intimation of claims and check validity of these under the light of policy,• Create reserves for intimated claims and update figure in accordance with the development of claims,• To prepare and send claim acknowledgements as well as follow-up of the claim documents from Insured,• Ensure immediate settlement of small value claims,• Appointing appropriate surveyors,• Reviewing surveyor’s report and recommended quantum of claim,• Preparing claims settlement for approval after reviewing of Survey Reports and supporting documents,• Claims, as well as recovery registration and writing letters / faxes / emails to initiate recovery,Periodic review of outstanding claims,• Handling of customers queries on priority basis,• Liaising with Accounts Dept. for ensuring claim payments to clients,• Providing Loss Ratios, Clients claims History to Underwriters as required. Show less

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  Alliance Insurance P.S.C

  Sept 2014 - Dec 2017

  Commercial Lines Underwriter

  Responsible for the execution of underwriting guidelines set by ALLIANCE INSURANCE PSC.• Assist Assistant General Manager with driving new business flow using a solid understanding of the risk ensure both underwriting standards and the new business risk profile to generate quality new business• Handling Multinational Brokers for Business for their Client’s Business needs• Provide risk solutions to safeguard the interest of customers.• Deal in major types of insurances like Property & Casualty Insurance, Miscellaneous, Engineering, and General Accident Insurance• Ensuring FAC Re arrangements of risks from the Reinsurance Department • Ensures issuance of insurance documents within reasonable time to maintain service level for both existing and potential clients & brokers and meetings with clients if necessary• Servicing branches for quotation, policies and queries• Assure all types of additions and deletions as per requirements of customer within reasonable time by issuing the endorsements• Specifying terms and conditions to be imposed on different types of policies• Studying various insurance proposals, gathering necessary background information, working under moderate supervision and within specific limits of authority• Portfolio management of large accounts• Assure to recover all the premiums from the customers and the brokers • Any other task assigned by the Management time to time• Going occasionally for physical risk surveys of different risk Show less

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  Orient insurance PJSC

  Dec 2017 - now

  Assistant Vice President