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Who Are we?

Al Etihad Cooperative Insurance Company is a public joint-stock company established in the Kingdom of Saudi Arabia under a decision from the Council of Ministers and a royal decree as a cooperative insurance company. The company’s paid-up capital is 500 million Saudi Riyals. The company is an extension of United Insurance Company, which was founded in the Kingdom of Bahrain in 1983 as a foreign company to conduct insurance operations in Saudi Arabia. In 2008, the company was listed for public subscription and was registered in the Saudi Stock Exchange (Tadawul) under the symbol 8170.

The company is subject to the supervision and regulation of the Saudi Insurance Authority and is licensed to operate in all types of insurance, including general insurance, medical insurance, motor insurance, and protection & savings insurance.

The company’s experience and commitment to serving its customers have made United one of the pioneers in the insurance industry in the Kingdom. The company also has a wide network of offices and regional outlets to ensure proximity to its customers across the Kingdom. Additionally, the company has a dedicated team that strives to deliver the highest level of service to its clients.

Qualifications and Requirements:

• Field of Study: Insurance, Risk Management, Engineering, Finance, Business Administration, or any related field.
• Educational Qualification: Diploma / Bachelor's Degree / Master's Degree
• Required Years of Experience: 5 / 7 / 10 years

Key Responsibilities:

• Manage all aspects of Engineering Underwriting operations, including coordination with all relevant stakeholders.
• Prepare, review, and approve quotations for all Engineering Insurance products.
• Manage the issuance of insurance policies and endorsements, including verifying compliance documentation and ensuring proper archiving in the system.
• Support the Sales Team in increasing Engineering Insurance sales by improving conversion rates and maintaining effective follow-up with all sales channels, brokers, and agents.
• Manage the policy renewal process, ensuring timely follow-up with direct clients and brokers to maintain continuous coverage, while monitoring and improving renewal retention rates.
• Prepare monthly reports highlighting key Engineering Insurance performance indicators, including production, claims, achieved conversion rates, renewal rates, and other relevant metrics.
• Periodically review and update all Engineering Insurance documentation, including but not limited to proposal forms, quotations, policy wordings, policy schedules, terms and conditions, and all system-generated documents.
• Collaborate with the Claims and Collection Departments to resolve issues and ensure smooth and efficient operations.
• Ensure compliance with all regulatory requirements, company policies, applicable laws, and relevant regulatory and implementing regulations.
• Perform any additional duties assigned by the direct supervisor, provided they fall within the scope of the position and support the company's business objectives.