Karthikeyan N
Muscat,Oman
Summary
Extensive 14+ years of experience in managing insurance and reinsurance underwriting, alongside claims processing and risk management across MENA region.
Overview
14
14
years of professional experience
Work history
Assistant Vice-President
Orient Insurance Company
Muscat, Oman
12.2024 - Current
- Evaluate and analyze insurance applications for non-motor risks (e.g., commercial property, liability, construction, marine cargo).
- Determine risk acceptability, coverage terms, conditions, and premium levels.
- Apply underwriting guidelines and compliance standards.
- Manage and monitor a book of business to ensure profitability.
- Review underwriting performance and adjust strategies accordingly.
- Identify trends and emerging risks in the non-motor and motor segment.
- Build and maintain strong relationships with brokers, agents, and clients.
- Provide technical support and guidance on complex accounts.
- Ensure the FAC placement completion wherein the risk is not in our appetite and in line with our treaty terms and conditions.
Underwriter - Non Motor and Reinsurance Analyst
Takaful Oman Insurance Company SAOG
muscat, Oman
01.2023 - 11.2024
- Assess and underwrite non-motor insurance applications, evaluating risk and determining appropriate coverage.
- Conduct regular reviews of underwriting processes to identify areas for improvement and efficiency.
- Make clear recommendations for market pricing, backed up by strong rationale and confident decision-making
- Demonstrate market visibility & underwriting expertise
- Take lead on broker negotiations as required
- Product and system development related to Non Motor line of business
- Underwriting of risks under various property products (Fire, Engineering ,Marine and Misc products)
- Responsible for regulatory and compliance related aspects of Non Motor line of business and maintaining service parameters related to same.
- Dealing with various internal teams such as operations, finance, IT with respect to various aspects of department, processes etc
- Wherever treaty capacity exceeds arranging FAC support from potential Market.
- Managing non motor line portfolio of company with objective of achieving top line and bottom line, maintaining loss ratio as per budget.
Treaty /FAC Underwriter / RI Accounts Manager
General Insurance Corporation of India
Dubai, UAE
10.2019 - 12.2022
- Review the Firm order terms from the broker and Cedant's
- Review all incoming submissions for eligibility
- Develop and execute marketing plan to drive new and renewal business
- Evaluate, Classify and rate each risk to determine acceptability, coverage, pricing
- Process the alternative market applications for quote according to various markets
- Develop new business in line with the departmental business plan and management strategy
- Assist with the development and modification of policy wording clauses and exclusions as circumstances require and as directed by the management
- Attract new business to the management via brokers
- Verification of gross earned premium and deferred acquisition costs, ensuring earning patterns are correctly reflected in the underwriting systems and the general ledger
- Review and booking of quarterly topside entries
- Prepare and upload various journal entries in the SAP General Ledger
- Reconciliation and booking of the Branch's quarterly reserve study to the SAP systems.
Claims Technician
General Insurance Corporation of India
11.2015 - 09.2019
- Monitor end to end claim process from preliminary to settlement
- Processing facultative & treaty claims in terms or marine and non marine COB's
- Coordinating with various channels and following up for correct documentation
- Review claims liabilities at periodic rest as per procedural manual and ensures that the company is carrying the correct liabilities and ageing claims closed on merit basis
- Monitor, supervise all recoveries and ensure that maximum amounts are recovered promptly
- Reconcile claim files in order to keep files current, including adjusting reserves as necessary
- Provide expertise on coverage issues also resolving complex claims
- Ensure superior quality is maintained in file handling and claim resolution
- Liaise with the underwriting department giving claim experience to improve underwriting
- Provide report detailing significant activity on the claims reviewed in our markets
- Perform claim audits in coordination with underwriters and Identify ceding companies/contracts that perform poorly and analyse/collaborate with underwriters and others the reasons for the poor performance.
Claims Handler
Bajaj Allianz General Insurance
10.2011 - 09.2015
- Supervise all claims in line with insurance policies
- Escalation Matrix, Reported and followed up on claims
- Supported clients during audits and inspections
- Guided and helped clients implement inspection recommendations
- Maintained online client database and office files
- Investigating potentially fraudulent claims
- Negotiating a prompt and commercially sound settlement with TP claims
- Coordinated with other departments to assist, clarify and distribute reports
- Gathered data and Analyzed reports on customer contacts and statistics
- Made meaningful suggestions to improve customer satisfaction ratings.
Education
Bachelor of Engineering
Anna University,
05-2010
Skills
- MOS and Excel
- Premia Applications
- SAP applications (FAC,Treaty,claims and risk management)
Personal Information
Title: Non Motor Underwriter/Reinsurance Analyst
Timeline
Assistant Vice-President
Orient Insurance Company
12.2024 - Current
Underwriter - Non Motor and Reinsurance Analyst
Takaful Oman Insurance Company SAOG
01.2023 - 11.2024
Treaty /FAC Underwriter / RI Accounts Manager
General Insurance Corporation of India
10.2019 - 12.2022
Claims Technician
General Insurance Corporation of India
11.2015 - 09.2019
Claims Handler
Bajaj Allianz General Insurance
10.2011 - 09.2015
Bachelor of Engineering
Anna University,
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