Experience

Wethaq Takaful Insurance Company - Egypt
• Egypt
• Insurance
• 1 - 100 Employee
• Reinsurance & Research General Manager

  • Jul 2017 - Present


Wethaq Takaful Insurance

• Egypt
• Insurance
• 1 - 100 Employee

• Reinsurance Manager

  • Sep 2008 - Jul 2017

  Suggest Reinsurance policy, preparing reinsurance programs and its renewals, facultative accounts: Perform International market studies, collect & analyze its data, prepare international market development reports. Prepare company treaties including data preparation, comparing quotation and negotiations Handle facultative reinsurance for the accounts which is not in the scope of the treaty coverage or exceed the treaty capacity and prepare its relevant accounts. Write all Inward reinsurance accounts for all types of business. Determine the retention of each risk. Allocate sum insured for all lines of business accordingly paid & outstanding claims. Follow up and analyze the results of the reinsurance programs and suggest the required amendments to decrease the cost and to suit the written risks. Prepare quarterly statistics and analytical studies for the reinsurance department activity. Book keeping Reinsurance accounts for treaties according to the reinsurers’ shares, prepare the financial situation & report to the financial sector for the purpose of quarterly financial statements, reconciliation & remittance of balances. Well hospitality for reinsurers’ visitors, present the company results, position, activities, projects and future plans and afford suggestions for developing the company business. Visit the Reinsurers repeatedly for treaty renewals. Prepare treaty wording and its addendum, prepare the statistics and evaluate the treaty results and suggest amendments on the reinsurance programs. Study the Reinsurers financial statements and their creditability. Report to the specialized organizational units in the company and the supervisory authority with any alterations or amendments in the treaty terms, conditions, capacity Handle the claim collection from our Reinsurers. Manage Reinsurance technical accounts Prepare the Actuarial statistics as requested by the Actuary Analyze the company performance for each line of business Show less



Misr Insurance Company

• 1 - 100 Employee

• Reinsurance Specialist

  • Jan 2008 - Aug 2008

  Engineering Reinsurance Department. Tasks and Projects Handle Engineering Reinsurance treaty. Write Energy & Oil inward business Follow up all run off inward business from Al Chark Engineering portfolio. Managing number of outward Engineering business. Follow up Reinsurance accounts. Engineering Reinsurance Department. Tasks and Projects Handle Engineering Reinsurance treaty. Write Energy & Oil inward business Follow up all run off inward business from Al Chark Engineering portfolio. Managing number of outward Engineering business. Follow up Reinsurance accounts.



Al Chark Insurance Company

• Reinsurance Specialist

  • Jun 2006 - Dec 2007

  - Reinsurance Treaties Reporting CEO, Reinsurance Consultant Prepare Reinsurance statistics XL & Proportional Prepare as if scenarios Meeting with our brokers, having discussions with the top management and debating on our Reinsurance business. To Contact our Reinsurers / Brokers for the renewals and placement of our treaties. Revise the treaties wording and compare quotations. - Claims Allocate the claim over the Retention, Treaties and Facultative Send the claim collection enclosed with the necessary explanations regarding the circumstances of the claim. - Motor ( toke one year of hard work) Study all claim files case by case from 1984 to 2003. Prepare Excel files to calculate Reinsurers' share after the effect of the indexation. Attend meetings with the top management to express the development. Express the numbers to our Reinsurers and Brokers to solve any problem rise - Holding Company data Prepare our Reinsurance data required by the Insurance Holding Company- Egypt. - Outstanding Balances Handling the run off balances with our Reinsurers including negotiations to find compromise for cut off Show less



Egyptian Reinsurance Company

• Egypt
• Outsourcing and Offshoring Consulting
• 1 - 100 Employee

• Accountant

  • Nov 2003 - Jun 2006

  Report G.M. & CFO Using Excel to produce Quarter financial statements, Balance sheet Budget using Macros, Lookup, all linked automatically updated files. Designed Software that can be used by different users and different PC's to generate the Balance Sheet, financial statement and budgets. Presenting (using PowerPoint & Flash): Quarter financial statements presented to the Board of directories. Balance sheet presented to the Board of directories and the General Assembly. Budget presented to the Board of directories & the General Assembly. Follow up: - Statistical and financial analysis. -Collecting data from distinguished departments to prepare the balance sheet and budgets. -Company's financial plans and policies controlling expenses and follow up revenues according to our business plan. Provide Actuarial support to the IT dept. in developing based on mathematical education together with my programming background. Attend meetings and discussions with departments debating on the financial reports figures. Show less