• 2.1.2 Motor Takaful


    desc_img

    Description of role

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

    desc_img

    Core skills

    • Understanding of scope of motor cover, main features, market practices, risk perception, road traffic and legal system
    • Understand the practices of motor Takaful, including documentation
    • Knowledge of rating factors leading to motor risk assessment (claims history, value, etc.).
    • Understanding of fleet rating and schemes
    • Ability to perform underwriting analysis and evaluation of motor risks in relevant class of business.
    • Ability to apply relevant laws and regulations to daily work practices.
    • Knowledge of the processes, tools, IT and compliance that directly impact motor underwriting (policy admin systems, applicable regulations etc.).
    • Knowledge of the importance of managing exposure.
    • Knowledge of the different types of Retakaful
    desc_img

    Qualification and/ or certification

    • QFSQF Level 3
    • Relevant experience

    desc_img

    Industry knowledge

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

    desc_img

    Regulatory compliance of role

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