2023
Business Type : Insurance
Last Position : Reinsurance Officer
Period :
August 2023 to
Present
Job Description :
-Prepare and coordinated reinsurance contracts to ensure comprehensive coverage.
-Successfully negotiated a Personal Accident Catastrophe Excess of Loss (XOL) agreement.
-Analyzed reinsurance data, assessed risk exposures, and recommended suitable reinsurance structures.
-Monitor claims to evaluate reinsurance risk under company contracts.
-Prepare Statements of Account (Non-Motor Quota Share & Surplus) for reinsurers with treaty conditions and reporting
timelines.
-Prepared Facultative Reinsurance to reinsurers.
-Prepare and support accounting activities, including UPR and Loss Ratio calculations, and reconciled Gross, Reins, and
Net premium monthly.
-Prepare Preliminary Loss Advice (PLA) and Settlement Loss Advice (SLA) reports for reinsurer reimbursement.
-Compiled LRC reports with accounting for submission to actuary for TFRS17 calculations.