POST MANAGER OF ACTURIAL STATISTICS ANALYSIS – 1 POST
EMPLOYER Tanzania Insurance Regulatory Authority (TIRA)
APPLICATION TIMELINE: 2023-06-02 2023-06-15
JOB SUMMARY OK
DUTIES AND RESPONSIBILITIES
DUTIES AND RESPONSIBILITIESi.To conduct financial analysis and monitor margin of solvency;
Recommended:
ii.To carry out risk assessment;
iii.To carry out statistics and actuarial analysis;
iv.To appraise the Audited Annual Financial Statements and periodic returns of insurance Companies and Brokers;
v.To prepare various statistical data and reports;
vi.To monitor solvency and financial condition of domestic insurers;
vii.To review product-related Actuarial Certifications for compliance with prescribe laws and regulations;
viii.To evaluate reasonableness of premiums for insurance plans;
ix.To advice on the impact to the public and others on acquisitions, demutualization’s, and mergers;
x.To manage rehabilitation or liquidation process for troubled insurance companies and;
xi.To perform any other duties as assigned by the Supervisor.
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QUALIFICATION AND EXPERIENCE
Holder of Master’s and Bachelor Degree in one of following fields: –
Actuarial Science, Statistics or any other related equivalent
qualifications from recognized institution.
REMUNERATION TIRAS 11
The deadline for submitting the application is 15 June 2023.
POST MANAGER OF LICENSING – 1 POST
EMPLOYER Tanzania Insurance Regulatory Authority (TIRA)
APPLICATION TIMELINE: 2023-06-02 2023-06-15
JOB SUMMARY OK
DUTIES AND RESPONSIBILITIES
DUTIES AND RESPONSIBILITIES
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i.To scrutinize and approve CEO of insurance institutions, Brokers and agents;
ii.To analyze and approve new insurance products;
iii.To monitor compliance with local content requirements;
iv.To conduct due diligence in the registration of insurance registrants;
v.To register and license insurers, re-insurers, intermediaries and other industry registrants;
vi. To analyze insurance policy contracts and related information to ensure compliance with legal and regulatory requirements and to evaluate potential impact on the insurance-buying public;
vii.To oversee market conduct and conduct security analysis of insurance and reinsurance companies;
viii.To facilitate restructuring of insurance entities or business including amalgamation, mergers, acquisitions, and portfolio transfers;
ix.To carry out Analysis of Treaty Reinsurance Contracts filed by insurers from time to time and determine soundness thereof;
x.To asses requests for externalization of risks to offshore markets and determine soundness thereof;
xi.To develop and implement risk retention strategies for the insurance industry;
xii.To develop guidelines for the industry on matters relating to insurance registrants’ licensing, restructuring and reinsurance;
xiii.To manage the Authority’s electronic system for licensing and supervision of conduct of insurance registrants in the market; and
xiv.To perform any other related duties as assigned by the supervisor.
Read Also:
QUALIFICATION AND EXPERIENCE
Holder of Master’s and Bachelor Degree in one of following fields: –
Actuarial Science, Insurance and Risk Management, Social Protection or
any other related equivalent qualification from recognized institution.
REMUNERATION TIRAS 11
The deadline for submitting the application is 15 June 2023.
