Benjamin Muthengi Aiik, Yipp Email and Phone Number

Analyzing data for reserving, pricing, risk management and other financial projectionsRegular computation and analysis of technical reserves per insurance product linesMonitoring and reporting the performance of different insurance products and portfoliosAnalyzing data for depicting various trends that inform product restructure, new product features and cost control measures for existing productsRegular reporting on loss ratio trends, claims cost drivers and making relevant recommendationsConducting reinsurance analysis and optimization to make recommendations on the treaty arrangementsPreparing scenario analysis and sensitivity testing for various financial projectionsAnalyzing the of impact of underwriting policies and claims policies on product performanceAssisting in developing various actuarial and statistical modelsPreparing proposals and tender documents as per clients’ needsCarrying out research work and insurance market intelligence

Pricing of new and renewal businesses, Advising department on terms of cover for new and renewal business to enable proper underwriting and claims processing,Designing and maintaining loss reports and monitor claim trends,Claims reserving,Reviewing and negotiating changes in policy wording based on claims experiences,Ensuring that premium report is prepared accurately and within the required turnaround,Monitoring and reporting the performance of different insurance products,Analyzing data for depicting various trends that will inform product restructure, new product features and cost control measures for existing products,Regular reporting on loss ratio trends, claims cost drivers and making relevant recommendations,Analyzing of impact of underwriting policies and claims policies on product performance,Evaluating any possible risk exposures and make recommendations on how to mitigate them,Preparing utilization reports,Providing other reports as may be required by management e.g. performance vs. target ,Supporting marketing team in Product development by identifying the consumer needs and developing required products and enhancements andWorking with the marketing team and continuously enhance existing products to ensure product competitiveness against evolving market and product trends.

Ensured accurate set up of scheme limits and premium rates in the system,Updated members in system,Ensured monthly production of debits and credit notes,Ensured Preparation and issuance of policy documents and endorsements within the required turnaround,Attended to enquiries from direct Clients, Brokers and Agents andEnsured all the underwriting documents are filed for easy retrieval and reference.

Provided analytical and technical support in claims management,Implemented policies and procedures for investigating, evaluating and managing risks and settlement of claims,Proposed improvements in the underwriting guidelines based on claims and other experiences,Assessed all information and documents submitted in support of claims to determine their accuracy and compliance with insurance policies issued,Provided technical support to the underwriting and accounts departments in all phases of claims handling,Measured financial impact of claims and recommended appropriate actions to avoid, retain or transfer the risk andMaintained records and provided file and data management of losses reported and claims paid