Regional Reinsurance Executive – Claims Operation

Regional Reinsurance Executive – Claims OperationRegional Reinsurance Executive – Claims Operation

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GIG Gulf is part of the Gulf Insurance Group (GIG), the #1 regional composite insurer in MENA, with a 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 a net profit of US$84 million for the year 2024.

The majority shareholder of GIG Group is Fairfax Financial Holdings, a global leader in insurance and reinsurance, with a presence in 40 markets. Listed on the Toronto Stock Exchange and part of the Fortune 500, Fairfax was founded in 1985 and has always had a strong focus on long-term growth and financial resilience. It follows a decentralized model, empowering local leadership teams—many of whom have over 20 years of tenure—with trust and accountability. Fairfax's culture, rooted in its guiding principles, is reflected across all of its subsidiaries.

GIG Gulf is an 'A'-rated regional insurer with a top 5 position in each of its core markets: the UAE, Oman, Qatar, and Bahrain. With over 70 years of regional presence, GIG Gulf combines a strategic focus on growth and investment with a comprehensive portfolio of insurance products and services tailored to corporates, SMEs, and individual customers. It also holds a 50% stake in GIG Saudi. The company's strategic priorities are centered around regional growth, customer experience, and digital transformation.

GIG Gulf fosters a diverse and inclusive culture, employing over 800 people from 60+ nationalities, across 15 branches and retail outlets throughout the region. Serving over 1 million customers, GIG Gulf positions itself as a caring partner—committed to helping customers achieve their goals and lead fulfilling lives. Passionate about customer feedback, the company is constantly evolving to become the region's digital insurer of reference, operating in a responsible and sustainable way.

Job purpose:

We are seeking a detail-oriented professional with a minimum of 3 years of experience in Claims or Reinsurance. The role involves managing claim notifications, cash call & reinstatement calculations, follow-ups, recoveries, and financial reporting with internal/external stakeholders. Experience in handling Excess Loss (XOL) claims is desirable but not mandatory. Training will be provided to a suitable candidate.

Key Responsibilities:

• Notify reinsurers of new claims and provide timely updates.
• Prepare and send loss advice to reinsurers at various stages.
• Maintain comprehensive records of claims, including reporting, developments, and cash call submissions.

Claims Monitoring & Recovery:

• Liaise with the Claims Department for updates and developments.
• Prepare cash call requests, including reinstatement calculations, closing advice, and recovery trackers.
• Follow up with reinsurers to ensure timely recoveries.
• Coordinate with the Finance Department to confirm receipt of recoveries.

Data Management & Analysis:

• Prepare monthly claims movement reports for Finance and Actuarial teams.
• Update and maintain loss triangulations for treaty renewals.
• Conduct "as-if" analysis for treaty renewals.

Stakeholder Collaboration:

• Work closely with Claims, Finance, and Actuarial teams to exchange and obtain necessary data.
• Prepare and present annual claim statements to reinsurers.
• Provide management with reports and presentations on recovery status.
• Minimum 3 years in within Claims handling with an insurer/ reinsurer. Or experience in any area within Reinsurance.
• Proficiency in MS Excel (including data analysis, pivot tables, and formulas).
• Strong understanding/ experience with treaty structures and claims handling procedures.
• Ability to interpret and analyze claims data for reporting and decision-making.
• Very Good written and verbal communication ability to coordinate with internal and external stakeholders.

Seniority level

• Seniority levelAssociate

Employment type

• Employment typeFull-time

Job function

• Job functionOther
• IndustriesInsurance

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