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Reinsurance Officer at
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CIC Insurance Nairobi, Kenya Full timeCIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi · PURPOSE: · To support the business operations through supporting underwriting and claims departments in business. T ...
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Kenya Reinsurance Corporation Limited (Kenya Re) Nairobi, Kenya Full timeBackground Kenya Reinsurance Corporation Limited (Kenya Re) is the oldest Reinsurer in Eastern and Central Africa. It was established through an Act of Parliament in December 1970 and commenced business in January 1971. Kenya Re's core activity is providing reinsurance services f ...
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Risk Surveyor
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Kenya Reinsurance Corporation Nairobi, Kenya Full timeABOUT THE COMPANY · Kenya Reinsurance Corporation Limited (Kenya Re) is the oldest Reinsurer in Eastern and Central Africa. · JOB SUMMARY · REF NO: KRC/HR/2024/004Job Purpose.The job holder will be responsible for conducting investigations into insurance claims to ensure their va ...
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Project Accountant
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Corporate Staffing Services Nairobi, Kenya Array· ZEP-RE (PTA Reinsurance Company) was created under the auspices of the Preferential Trade Area (the precursor to COMESA). The Company was mandated to promote insurance and reinsurance trade through the creation of capacity, training of the region's insurance personnel, provisi ...
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Manager Internal Audit
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Actuarial Manager
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American International Group, Inc. Nairobi, Kenya Full timeActuarial Manager · Get to know the business. · AIG Kenya Insurance Co. Ltd has over 50 years of experience in General Insurance and are proud to offer AIG's innovative and tailored products and solutions to our customers across the county. We are a leading provider of insurance ...
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Head, Claims Processing at
Found in: beBee S2 KE - 4 days ago
Trident Insurance Company Nairobi, Kenya Full timeTrident Insurance Company Limited is incorporated in Kenya and licensed to transact General Insurance business. It was licensed and began full operations in 1982. Trident Insurance has a team of highly qualified, dynamic and experienced staff who offer professional and personaliz ...
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Claims Manager at
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Capex Life Assurance Kenya Nairobi, Kenya Full timeFounded in 2000 with headquarters in Lagos, Nigeria, Capital Express Assurance has grown over the years to become one of the biggest life insurers in West Africa and has made the extra step to add Eastern Africa region to its global footprint. Operating as Capex Life Assurance in ...
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ICT Professional at
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African Reinsurance Corporation (Africa Re) Nairobi, Kenya Full timeThe African Reinsurance Corporation (Africa Re) is the leading pan-African reinsurance company and the largest re-insurer in Africa. · RESPONSIBILITIES · The successful candidate shall report functionally to the Director of Information and Communications Technology, and administr ...
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Underwriting Assistant – Thika Branch at
Found in: beBee S2 KE - 3 days ago
CIC Insurance Nairobi, Kenya Full timeCIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and Malawi · PURPOSE: · To assess and prudently underwrite General Business in commercially sound terms and to ensure that all u ...
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Project Accountant at
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ZEP-RE Insurance Nairobi, Kenya Full timeZEP-RE (PTA Reinsurance Company) is a regional organisation mandated to promote trade, development and integration within the Common Market for Eastern and Southern Africa (COMESA) through insurance and reinsurance business. ZEP-RE was created by an Agreement of Heads of State an ...
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Actuarial Consultant at
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Actserv Nairobi, Kenya Full timeACTSERV is an actuarial consulting firm with over two decades of business visibility. Having grown in scale and market share, we strive to improve on our service offering by embarking on adaptive technology that delivers cutting edge solutions. This allows us to walk with client ...
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Manager - Actuarial Services at
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Capex Life Assurance Kenya Nairobi, Kenya Full timeFounded in 2000 with headquarters in Lagos, Nigeria, Capital Express Assurance has grown over the years to become one of the biggest life insurers in West Africa and has made the extra step to add Eastern Africa region to its global footprint. Operating as Capex Life Assurance in ...
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Assistant Manager
Found in: beBee S2 KE - 3 days ago
Reeds Africa Consult Nairobi, Kenya Full timeReeds Africa consult (RAC) offers a broad scale of Human resource services designed to provide professional supports for the growing needs of today's corporate organizations · Job Summary: · Our client is looking for An ASSISTANT MANAGER - ACTUARIAL SERVICES who will be responsib ...
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Credit Control Assistant at
Found in: beBee S2 KE - 2 days ago
Britam Nairobi, Kenya Full timeBritam is a leading diversified financial services group, listed on the Nairobi Securities Exchange. The group has interests across the Eastern and Southern Africa region, with operations in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi. · Job Purpose: · The ...
Assistant Reinsurance Manager at - Nairobi, Kenya - CIC Insurance
Description
CIC Insurance Group Limited, commonly referred to as CIC Group, is an insurance and investment group that operates mainly in Kenya, Uganda, South Sudan and MalawiPURPOSE:
To achieve reinsurance business growth and development to generate revenues to support the company's growth, Improve focus and efficiency on reinsurance, facultative and recoveries from various partners for company growth of revenue and attainment of set budgets.
PRIMARY RESPONSIBILITIES:
Review the risks accepted in the company to ensure that they are within the set reinsurance guidelines and are covered under the reinsurance programme.
Ensure Risk surveys are conducted for major risks and the implementation of improvement/ recommendations provided to minimize risk exposure.
Work closely with system developers to enhance efficiency of system in supporting reinsurance operations.Supervise Reinsurance Officers & Assistants to ensure proper reinsurance procedures and guidelines are adhered to.
Develop, issue and approve facultative in acceptances as per various Reinsurance Treaties.
Ensuring adherence to company reinsurance practices, policy and guideline as per set guidelines
Responsible for ensuring the reinsurance programmes are arranged within required timelines and is in accordance with the agreed company standards
Ensuring the monthly budget from new business is achieved by marketing and increasing inward reinsurance business from other companies
Ensuring reinsurance treaty payments, renewal and making returns to the relevant authorities
Provision of monthly analysis for the various reinsurance programs and services currently available in the marketplace and administer their use within company
Timely treaty cessions on the underwriting and claims files when they are due
Preparing a monthly premium and claims (paid/ outstanding) summaries from reinsurance
Overseeing reinsurance claims recovery (making provisional loss notification, making cash calls for large claims, and follow up of the payments thereof and recovery of claims on run off)
Ensure Production of quarterly payment returns and annual statements as per deadlines
Ensure timely treaty and facultative claims recoveries and as per the set timelines and set budgets.
Sourcing for Facultative in Business as per the set targets and supporting marketing & Underwriting functions on business growth.
Managing facultative inward and outward business and preparing reconciliations for all businessesStrict adherence to all regulations, statutes, standards, practices and all internal processes and procedures as per the relevant manuals and comply with all relevant external legislation and regulations with regard to Compliance requirements.
Academic and Professional RequirementsEducation
Bachelor's degree in a related field.
Computer literate in MS Office and other office applications
Qualification in relevant professional field – Diploma in Insurance, ACII/AIIK
Experience Required:
Minimum of five (5) years' relevant experience in a similar position, two (2) of which at supervisory level 5