• 2.1.5 Property Takaful


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    Description of role

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

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    Core skills

    • Understand a wide range of risks involved in property Takaful (fire, theft, etc.)
    • Understand the cover provided under property Takaful
    • Knowledge risk assessment (claims history, location, value, etc.).
    • Ability to perform underwriting analysis and evaluation of property risks
    • Ability to apply relevant laws and regulations to daily work practices.
    • Knowledge processes, tools and IT and compliance that directly impact property underwriting (policy admin systems, applicable regulations etc.).
    • Knowledge of the importance of managing exposure.
    • Knowledge of the different types of Retakaful
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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