Underwriter

Job description / Role

Cigna is a leading provider of group healthcare programmes for the internationally mobile employees of large multinational organisations and their families. With over 25 years experience in this field, we have established businesses in the USA, UK, Spain, Germany, Switzerland, France, Sweden, Benelux and the Middle East.

Purpose of the job/key objective

Analyse the market and develop pricing strategies for our products by identifying the financial risks involved. In practice, this is both challenging and exciting, requiring you to develop a detailed understanding of every aspect of the international business. This needs to be involved with all our departments makes this a demanding yet ultimately very rewarding role. Over time, as you gain in experience, you will develop more innovative and sophisticated analytical tools which allow financial underwriting of group healthcare risks and, in turn, create opportunities for increasing profitability

Main Duties/Responsibilities
•Evaluate, price and modify plan design for renewals and new business quotations in compliance with underwriting authorities.
•Evaluate renewals and work with relevant sales representatives, brokers and clients to implement required rating actions.
•Manage portfolio of accounts balancing profitability and persistency.
•Analyse results looking for trends and patterns that may need management currently and into the future. Work with sales and the client to implement changes.
•Investigate any non compliance of benefit adjudication and liaise with appropriate managers to ensure compliance.
•Work with sales to improve their knowledge of the technical aspects of the business. Provide concise and clear instructions on what is happening to a risk and provide options to manage costs into the future.
•Be market aware, understand the competition, the environment (NHS etc.,) and the clients needs

- This position is based in Dubai

Requirements

Underwriting or related financial analysis experience.
Ideally exposure to all aspects of the health insurance business.
Preferred university graduate.
University education may be substituted with on the job training and experience

Skills/Competencies

•High level of numeracy
•Decision making and influencing
•Negotiating
•Personal computer and database
• time management skills
•Communication skills – verbal and written

About the Company

At Cigna, we’re more than a health insurance company. We’re a global health service company.

Cigna works with employers and organizations around the world helping employees stay healthy and on the job. We work closely with brokers and consultants to develop innovative programs, help individuals and families improve their health, well-being and sense of security—and lower their medical costs. And, Cigna provides access to a global network of local physicians and hospitals—as well as 24/7/365 live customer service.