Risk & Underwriting Analyst - KSA

at  The Cigna Group

EDUCATION AND EXPERIENCE

• Two to five years of insurance experience in health underwriting and/or pricing actuary
• Bachelor’s degree in finance, mathematics, engineering, actuarial or similar
• Advanced user of Microsoft Excel

CAPABILITIES

• Risk assessment skills
• Commercial mindset
• High level of numeracy & accuracy
• Excellent negotiation and communication skills
• Ability to take ownership and effective time management
• Manage stake holder expectations and deliver under pressure

PURPOSE

Cigna recently secured a license to offer health insurance in the Kingdom of Saudi Arabia. We are excited to open a new role for an underwriter to be based in Riyadh. The underwriter is expected to work on new business quotes and renewal of existing SME clients.

KEY RESPONSIBILITIES

• Evaluate, price and modify plan design for renewals and new business quotations in compliance with underwriting authorities
• Manage portfolio of accounts by balancing profitability and revenue
• Collaborate with client managers, salesperson and brokers to ensure clients’ expectations on product and pricing are met
• Comprehensive understanding of the products offered and regulatory environment in the KSA market
• Provide concise, clear and decisive instructions on risk exposure
• Support rest of the underwriters on the team to balance the workload.
• Be market aware; understand competitive and regulatory landscape.