Reinsurance Clerk Job Description
Work information, duties, and responsibilities of a reinsurance clerk are the following:
1. Types reinsurance applications and contracts and calculates reinsurance liability, working for either prime insurer or reinsurer and by either of following methods: Calculates reinsurance required on each risk, considering limit of liability. 2. Selects reinsurers who may accept part of ceded liability. 3. Types applications. 4. Computes amount of each premium due, using calculating machine. 5. Accepts reinsurers and their liability for cash values and dividends. 6. Prepares abstract for typing of contracts. 7. Receives reinsurance application from prime insurer. 8. Determines amount of insurance already held on risk from company records and calculates reinsurance that company can accept, based on limit of liability. 9. Determines if reinsurance is automatic from treaty provisions and sends application to underwriting department when it is not automatic. 10. Types notice of acceptance or rejection, based on limit of liability, and action of UNDERWRITER. 11. Operates calculator to verify computations made by prime insurer.
Reinsurance Clerk Job Salary in Dubai, UAE
The salary for a reinsurance clerk in Dubai, UAE, may vary depending on the work location and the hiring company. Some employers or companies pay a good salary, while others prefer to offer you a market-standard salary for this job. We suggest not to focus much on the salary but to pay attention to the career growth, working environment, benefits, and cost of living while applying for a job.
Suggestion When Applying For This Job
To better qualify for the job of reinsurance clerk, it is good that you have at least 1-2 years of minimum experience related to this job before you apply. Also, you must be knowledgeable about the job and ensure that you meet the necessary qualifications needed by the company. If you have those requirements, you can apply online with confidence and submit your CV.
Where To Apply For Reinsurance Clerk Job in Dubai, UAE
If you're interested in working as a reinsurance clerk, then we suggest that you look for and apply for this kind of job online. The link below will take you to our partner's job posting for reinsurance clerk.
Reinsurance Clerk Related Job Descriptions
Dubai National Insurance & Reinsurance (DNIR) Careers and Job Vacancies
Dubai National Insurance & Reinsurance PSC (DNIR) is a Public Shareholding company, running in the United Arab Emirates within the guidelines of Federal Law 6 of 2007. Dubai National Insurance & Reinsurance was created in 1991 and was one of the first insurance companies to be recorded in the Dubai Financial Market (DFM). The company commenced operations with the support and assurance of a high number of national investors including dominant and successful local businessmen. Dubai National Insurance & Reinsurance's conservative underwriting strategy has resulted in keeping a steady increase both in written premium and in net insurance income....