Insurance Risk Analyst

12 hours ago


Kuala Lumpur, Kuala Lumpur, Malaysia Malaysian Reinsurance Berhad Full time
Job Responsibilities

The Insurance Risk Analyst plays a pivotal role in ensuring the seamless operation of large loss statistics compilation, underwriter estimations, and actuarial reporting. This involves:

  • Monthly submission of large loss statistics to Finance, adhering to strict deadlines.
  • Ongoing estimation of incurred losses from underwriters for quarterly and as-needed reporting.
  • Maintenance of accurate large loss analysis for MRE submissions to Actuarial Service Department.
  • Preparation of comprehensive analysis for underwriters on quarterly basis.
  • Registration, key-in, and update of PLA, RLA, CSA, and Cash Call received, with all claims advice registered accordingly.
  • Timely processing of cash calls and claims deductions through accounts and cashflow advice to Finance.
  • Accurate and timely cash call/claims payment adherence to SOP guidelines within compliance deadline.
  • Efficient processing of ex-gratia and special consideration claims requests.
  • Reconciliation of claims paid details from Cedant's statement (as advised by Finance).
  • Inquiry and clarification of supporting documents within policy coverage and Treaty Terms and conditions.
  • Advisement to Finance/Investment on fund reserve and timely advice of cashflow and fund adequacy for cash call payments.
  • Preparation and processing of claims paid with adequate information for validity and correct settlement amount establishment.
  • Provision of data to company actuaries.
  • Status updates on Large Losses to Claims Section on monthly basis.
  • Compilation and advising of proper Large Losses to Finance Department on monthly basis.
  • Quarterly status updates on Large Losses to Underwriting Department.
  • Preparation of top 10 Large Losses information for Company website on quarterly basis.
  • Spearheading computerization of business requirements for Department regarding computer system.
  • Developing strategies, recommendations, and solutions to complex business, system, and reporting issues related to computer system.


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