Insurance Lead

As an Insurance Lead at Damac Shared Services, you will be responsible for developing, implementing, and managing the company's overall insurance portfolio to ensure the adequate protection of corporate assets, employees, and operations. Your key responsibilities will include: - Developing and maintaining a comprehensive insurance strategy covering all business units, subsidiaries, and projects - Reviewing, negotiating, and renewing insurance policies for optimal coverage and competitive premiums - Evaluating new insurance needs resulting from business expansion, new projects, or acquisitions - Ensuring timely placement and renewal of policies in coordination with brokers and underwriters - Overseeing the end-to-end claims process including notification, documentation, coordination with insurers, and settlement - Maintaining records of all open and closed claims, analyzing claim trends, and recommending measures to reduce future exposure - Providing regular reporting to management on claims status and recovery outcomes - Identifying and assessing insurable risks across the organization and recommending appropriate mitigation measures - Ensuring compliance with local and international insurance regulations and company policies - Supporting internal and external audits by providing insurance-related documentation and reports - Managing employee medical and life insurance schemes, including plan design, renewals, and performance evaluation - Acting as the primary point of contact for all insurance-related matters with brokers, insurers, and internal departments - Preparing management reports and recommendations on coverage adequacy, claims performance, and renewal strategy Qualifications required for this role include: - Bachelor's degree in Business Management, Risk Management, Finance, or a related field (Master's degree preferred) - Minimum 5-7 years of experience in corporate insurance management with exposure to multiple lines of coverage - Professional certifications such as AIII or ACII, or equivalent, are highly desirable - Strong knowledge of local and international insurance markets, policy wordings, and compliance requirements - Proven experience in handling claims, renewals, and broker/insurer negotiations This position offers a challenging opportunity to lead the insurance function and contribute to the overall risk management strategy of Damac Shared Services. As an Insurance Lead at Damac Shared Services, you will be responsible for developing, implementing, and managing the company's overall insurance portfolio to ensure the adequate protection of corporate assets, employees, and operations. Your key responsibilities will include: - Developing and maintaining a comprehensive insurance strategy covering all business units, subsidiaries, and projects - Reviewing, negotiating, and renewing insurance policies for optimal coverage and competitive premiums - Evaluating new insurance needs resulting from business expansion, new projects, or acquisitions - Ensuring timely placement and renewal of policies in coordination with brokers and underwriters - Overseeing the end-to-end claims process including notification, documentation, coordination with insurers, and settlement - Maintaining records of all open and closed claims, analyzing claim trends, and recommending measures to reduce future exposure - Providing regular reporting to management on claims status and recovery outcomes - Identifying and assessing insurable risks across the organization and recommending appropriate mitigation measures - Ensuring compliance with local and international insurance regulations and company policies - Supporting internal and external audits by providing insurance-related documentation and reports - Managing employee medical and life insurance schemes, including plan design, renewals, and performance evaluation - Acting as the primary point of contact for all insurance-related matters with brokers, insurers, and internal departments - Preparing management reports and recommendations on coverage adequacy, claims performance, and renewal strategy Qualifications required for this role include: - Bachelor's degree in Business Management, Risk Management, Finance, or a related field (Master's degree preferred) - Minimum 5-7 years of experience in corporate insurance management with exposure to multiple lines of coverage - Professional certifications such as AIII or ACII, or equivalent, are highly desirable - Strong knowledge of local and international insurance markets, policy wordings, and compliance requirements - Proven experience in handling claims, renewals, and broker/insurer negotiations This position offers a challenging opportunity to lead the insurance function and contribute to the overall risk management strategy of Damac Shared Services.