About the job
As the Head of Property and Casualty Insurance, he/she will hold a strategic leadership position, responsible for the overall management and growth of the P&C insurance division. This role requires a visionary leader with a deep understanding of P&C insurance, market dynamics, and a track record of driving business growth.
Purpose of the role
The Head of Property and Casualty Insurance plays a pivotal role in shaping the strategy, growth, risk management, and regulatory compliance of the P&C insurance division, thereby significantly impacting the overall success of the insurance company.
Responsibilities:
- Strategic Leadership
Develop and execute a strategic vision for the Property and Casualty division, aligning with the company’s overall goals and objectives.
Provide leadership and direction to a team of P&C professionals, fostering a culture of excellence, innovation, and collaboration.
- Portfolio Management
Oversee the management of the P&C insurance portfolio, including product development, underwriting guidelines, and pricing tools.
Analyze portfolio performance, identify areas for improvement, and implement strategies to optimize profitability.
- Market Analysis and Growth
Monitor industry trends, market dynamics, and regulatory changes affecting the P&C insurance sector.
Identify growth opportunities, market niches, and emerging risks to expand the P&C portfolio.
- Underwriting and Risk Management
Provide guidance on underwriting decisions, risk assessment, and pricing strategies to ensure profitable growth.
- Client Relationship Management
Build and maintain strategic relationships with key clients and partners in the P&C sector.
Collaborate with the sales and account management teams to enhance client retention and satisfaction.
- Compliance and Regulatory Oversight
Ensure compliance with all relevant insurance regulations, guidelines, and industry standards.
Stay informed about changes in legislation and adjust operational practices accordingly.
- Financial Management
Develop and manage budgets for the P&C division, closely monitoring financial performance and making adjustments as needed.
- Team Development
Recruit, mentor, and develop talent within the P&C team, fostering professional growth and succession planning.
Desirable experience:
- Executive and operational management experience in an insurance company or insurance broking firm for at least 10 years
Mandatory requirements:
- Business Development
- Corporate Governance
- Creating corporate strategy for P&C
- Operational business planning and budgeting for the P&C Department
- Business Finance for the P&C Department
- Enterprise Risk Management: managing business and operational risk
- Legal and regulatory for the P&C Department
- Business Process Management P&C Department and advice to other departments if necessary
- Leadership
- Well-developed verbal and written communication in primarily English and Arabic if possible
- Analysis and interpretation of management information
- Decision making
- Negotiation and persuasion of clients and insurers
- Change management
In depth knowledge and practice in all MS Office programmes