Medical Underwriter

About the role

Risk Exchange (DIFC) Limited, a DFSA-regulated international reinsurance brokerage in the Dubai International Financial Centre, is expanding its medical insurance, health reinsurance and risk solutions business. It is looking for an experienced, commercially driven Medical Underwriter who understands health insurance, reinsurance, medical risk assessment, actuarial pricing and portfolio management, and will work closely with senior leadership to develop and support medical insurance products and underwriting solutions across the UAE and wider GCC.

Key responsibilities

• Underwrite individual, SME and corporate group medical insurance risks and analyse claims experience, loss ratios, medical inflation, utilisation patterns and demographic risk profiles.
• Review submissions and claims histories, set underwriting guidelines, acceptance criteria, exclusions and risk controls, and recommend pricing assumptions and renewal strategies.
• Support the structuring and placement of medical reinsurance programmes (quota-share, excess-of-loss, stop-loss), evaluate underwriting profitability and risk retention, and coordinate with reinsurers, cedants, actuaries and partners.
• Assist in underwriting frameworks for delegated authority and MGA operations, and prepare technical underwriting submissions.
• Help design medical insurance products for SMEs and corporates, collaborate with actuaries on technical pricing and claims projections, and assess provider networks, benefit schedules and policy limits.
• Monitor portfolio performance, claims ratios and underwriting margins, prepare technical reports and dashboards, and recommend corrective actions.
• Work with insurers, reinsurers, brokers, TPAs and healthcare providers, and ensure compliance with UAE regulatory requirements and approved underwriting authorities.

Required profile

• Bachelor's degree in Insurance, Actuarial Science, Finance, Healthcare Management, Medicine or a related discipline.
• Minimum 5-8 years of experience in medical or health insurance underwriting, preferably including reinsurance exposure.
• Strong knowledge of UAE/GCC health insurance markets, group medical products, underwriting methodologies and claims analysis.
• Demonstrated experience in technical pricing, claims analysis, loss-ratio management and portfolio profitability.
• Understanding of medical reinsurance structures, treaty arrangements and risk transfer.

Required skills

• Advanced proficiency in Microsoft Excel, data analysis and underwriting reporting.
• Analytical, commercial, communication and stakeholder-management skills.