Monitor and accelerate the growth of the Life products through supporting the Manager Inspection in achieving the set operational and institutional targets in accordance with the provisions of the Insurance Act 2017
DUTIES AND RESPONSIBILITIES
1. Carry out Off-Site and On-Site Inspection of Life insurance companies, insurance brokers, and loss assessors/adjusters.
2. Review licence applications for Life insurance companies, insurance brokers, loss assessors/adjusters and insurance agents.
3. Respond to and follow-up on issues raised in the inspection of and other correspondence with insurance players.
4. Monitor the implementation of the provisions of the Insurance Act 2000 (as amended) and advice on the adequacy of the laws and regulations.
5. Review proposals and policy forms, reinsurance arrangements and premium rates for life insurance companies.
6. Provide insurance advice to external entities.
7. Advise management and external entities on issues regarding Life insurance.
8. Analyse and prepare draft reports for management on issues regarding life insurance.
9. Any other duties assigned from time to time.
KEY PERFORMANCE INDICATORS
1. Timely submission of inspection reports.
2. Response to inquiries.
3. Conduct periodic inspection.
4. Compliance to statutory regulations.
PERSON SPECIFICATIONS
Qualifications
1. A relevant Bachelor’s (Honors) degree or its equivalent from a recognized University or higher institution of learning.
Competencies
1. Personal presentation
2. Analytical Abilities
3. Knowledge of Insurance Principles
4. Interpersonal Skills
5. Organizational Skills
6. Communication Skills
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