• 2.1.6 Liability Takaful


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    Description of role

    Responsible for underwriting liability Takaful products including evaluating and pricing risks, underwriting effectiveness and management of customers and intermediaries.

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    Core skills

    • Ability to evaluate the nature of employers’ liability risk
    • Understand the cover provided under employers’ liability Takaful
    • Ability to recognise the risks, coverage, and practices of professional indemnity Takaful
    • Knowledge of rating factors leading to risk assessment (claims history, location, value, etc.).
    • Ability to perform underwriting analysis and evaluation of liability risks in relevant class of business.
    • Ability to apply relevant laws and regulations to daily work practices.
    • Knowledge of processes, tools IT and compliance that directly impact property underwriting (policy admin systems, applicable regulations etc.).
    • Knowledge of the importance of managing exposure.
    • Knowledge of types of Retakaful available
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    Qualification and/ or certification

    • QFSQF Level 3
    • Relevant experience

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    Industry knowledge

    • Knowledge of the Takaful market, industry trends and developments.
    • Knowledge of key Takaful principles and terms.

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    Regulatory compliance of role

    • Knowledge of Takaful regulatory framework
    • Knowledge of laws and regulations impacting underwriting