Provide first line support to line manager Insurance to ensure adequate, efficient and cost effective insurance cover for company's personnel, assets, earnings, liabilities and environment.
Provide support on all technical insurance matters consistent with ADNOC Group Corporate Risk Management and Insurance Policy and Program.
Key Accountabilities
Assist insurance line manager Insurance by studying and recommending changes that will enhance the policies coverage based on risk management studies, loss exposures (Estimated Maximum Losses) and requirements in accordance with ADNOC Corporate Risk Financing and Retention.
Revise and update indemnity and insurance clauses, insurance articles, contractors’ policies and other various agreements to ensure that they are in accordance with Group Standard Indemnity and Insurance conditions.
Update policy wording for both blanket and project policies by monitoring and keeping up to date with trends in the local and international markets.
Meet and liaise closely with surveyors and adjustors who may be appointed by the Insurers and their reinsurers.
Monitor and review the periodic claims status, statistics, loss ratios and profit sharing if any, etc.
Provide support in the preparation, negotiation and technical adjustments of claims in different policies.
Assist the insurance line manager to develop, promote and monitor claims procedures.
Provide advice and technical assistance on different insurance issues.
Conduct and coordinate technical evaluation of tenderers for the different insurance contracts.
Assist insurance line manager in preparation of tenders, negotiation and placing of cost effective blanket and direct insurance policies.
Follow up and coordinate finalisation of outstanding claims by collecting necessary documentation. Ensure settlement of claim by the insurer.
Minimum Requirements
Bachelor’s Degree in Finance, Business, Insurance or equivalent.
Professional Qualification e.g. Member of the Institute of Chartered Insurance.
At least 8 years of experience in the same or similar role
