About the Role
Al Etihad Cooperative Insurance Company is seeking a Broker Relationship Manager to join its team in Riyadh, Saudi Arabia. This role is integral to driving business growth and managing relationships with insurance brokers. The primary objective is to identify and develop new business opportunities, cultivate existing broker accounts, and collaborate with internal departments to achieve strategic company objectives.
Company Overview
Al Etihad Cooperative Insurance Company is a public joint-stock company with a paid-up capital of 500 million Saudi Riyals. As a regulated entity by the Saudi Insurance Authority, the company is a significant participant in the Saudi insurance market. It offers a diverse portfolio of insurance products, including general, medical, motor, and protection & savings insurance. The company emphasizes customer service and maintains an extensive network of offices across the Kingdom to serve its clients.
Key Responsibilities
- Build and manage strategic relationships with banking partners to support bancassurance business growth.
- Coordinate with bank stakeholders and branch teams to promote insurance products and services.
- Support the execution of bancassurance sales strategies and partnership development initiatives.
- Monitor sales performance, portfolio growth, and business pipeline across assigned banking channels.
- Conduct product presentations, engagement sessions, and training activities for bank teams as required.
- Collaborate with internal departments to ensure smooth policy issuance and after-sales service delivery.
- Identify opportunities for cross-selling and increased insurance penetration within banking channels.
- Maintain effective communication with banking partners to enhance service quality and client satisfaction.
- Prepare business performance reports and partnership updates for management review.
- Ensure compliance with company policies, banking agreements, and regulatory requirements.
Qualifications and Requirements
- A Bachelor's degree in Insurance, Business Administration, Finance, Marketing, or a related field.
- A minimum of 2 years of experience in bancassurance, the insurance industry, or working directly with brokers.
- A good understanding of bancassurance operations, partnership management, and sales processes.
- Knowledge of various insurance products and effective customer relationship management practices.
- The ability to manage partnerships and actively support business growth initiatives.
- Proficiency in Microsoft Office applications and business reporting tools.
- Good verbal and written communication skills in both Arabic and English.
Skills and Competencies
- Bancassurance operations
- Insurance industry knowledge
- Broker management
- Partnership management
- Sales processes
- Insurance product knowledge
- Customer relationship management
- Communication skills (verbal and written)
- Presentation skills
- Relationship-building skills
- Microsoft Office Suite proficiency
- Business reporting tools
Work Location and Type
This is a full-time position based in Riyadh, Saudi Arabia.
