• 2.3.2 Treaty underwriting


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    Description of role

    Responsible for treaty retakaful underwriting for risk management purposes, and managing customers and intermediaries.

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    Core skills

    • Ability to identify main rating factors required to assess a risk (claims history, location, value, etc.)
    • Ability to perform underwriting analysis and evaluation of risks
    • Ability to cost the expected loss and pricing the cover and in line with pricing underwriting standards
    • Knowledge of the importance of managing exposure.
    • Knowledge of proportional Retakaful treaties (surplus, quota share)
    • Knowledge of non-proportional Retakaful treaties (aggregate excess of loss, stop loss, excess of loss).
    • Understanding of Retakaful programmes, legality, and market practice
    • Knowledge of main features of the global Retakaful market.
    • Ability to understand monitoring catastrophe and exposure aggregates.
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    Qualification and/ or certification

    • QFSQF Level 2-4
    • Relevant experience

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    Industry knowledge

    • Knowledge of the Retakaful market, industry trends and developments.
    • Knowledge of laws and regulations impacting underwriting

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    Regulatory compliance of role

    • Knowledge of Takaful regulatory framework