Managing Director - Non life insurance

Job Description:

We are seeking an experienced, results-driven Managing Director for our Non-Life Insurance division. This key leadership role is responsible for overseeing the strategic direction, operational management, and P&L performance of the business. The ideal candidate will be a proven sales leader with a strong track record of driving growth, optimizing operational efficiency, and achieving financial targets in the competitive insurance market.

Key Responsibilities:

• Strategic Leadership:
  • Develop and execute the overall strategic vision for the Non-Life Insurance division, in alignment with the companys objectives.
  • Drive the business's growth by identifying and capitalizing on emerging market opportunities, building strong relationships with key stakeholders, and expanding market share.
  • Ensure the business maintains a competitive edge in product development, pricing, and customer service.
• Sales and Business Development:
  • Lead the sales strategy to drive new business acquisition, as well as expand existing client relationships.
  • Oversee the development of innovative sales channels and partnerships to maximize revenue opportunities.
  • Actively engage with key clients, brokers, and other intermediaries to ensure a strong market presence.
  • Analyze market trends, customer needs, and competitor performance to continuously refine sales strategies.
• P&L Management:
  • Assume full accountability for the divisions P&L, ensuring the achievement of financial targets and profitability.
  • Develop and manage the budget, cost control, and financial planning processes to ensure sustainable growth.
  • Monitor financial performance and implement corrective actions to address any variances from targets.
  • Ensure profitability while maintaining the right balance between risk and growth.
• Operational Management:
  • Lead and mentor a high-performing team of sales, underwriting, claims, and operations professionals.
  • Ensure the delivery of high-quality insurance products and services that meet the needs of customers while adhering to regulatory requirements.
  • Implement best practices in underwriting, claims management, and risk assessment.
  • Drive operational efficiencies and improve process automation across the division.
• Regulatory & Compliance Oversight:
  • Ensure compliance with local and international insurance regulations and industry standards.
  • Act as the divisions representative in dealings with regulatory bodies and stakeholders.
  • Oversee internal audit processes and risk management protocols to minimize financial and operational risks.
• Innovation & Market Positioning:
  • Champion the use of technology and data analytics to drive smarter business decisions and improve customer experience.
  • Foster a culture of innovation and continuous improvement, particularly in product development and claims handling.
  • Position the company as a market leader by focusing on differentiated products and customer-centric solutions.