Highly skilled and results-driven Business Analytics, Risks & Reinsurance Manager with over 10 years of experience in devising strategic solutions and optimizing business processes. Proven track record in leveraging data-driven insights to drive informed decisions, mitigate risks, and enhance profitability. Adept at leading cross-functional teams and fostering strong client relationships. Proficient in various analytics tools and risk assessment methodologies.
Hi, I’m
Terry Laryea Amartey
Accra
Summary
Overview
15
years of professional experience
1
Certification
Work History
Millennium Insurance Company Limited
Business Analytics, Risks & Reinsurance Manager
05.2021 - Current
Job overview
- Identify, analyze, and interprets trends or patterns in complex data sets by finding correlations and visualizing with charts.
- Complete data cleaning and data validation of existing spreadsheets to promote robust data management platform, resulting in accurate data analysis and entry.
- Monitor and control data upload, checking for successful data import and quality.
- Perform ad hoc data investigation analysis as necessary.
- Use modeling and analytics to understand how business decision impacts bottom line.
- Employe data mining techniques to identify business opportunities.
- Utilize advanced data analytics tools and techniques to process and analyze large datasets related to risks, insurance claims, and reinsurance data.
- Collaborate with underwriters and clients to identify risk exposure and implement tailored reinsurance solutions to mitigate potential losses.
- Oversee the company's reinsurance programs and contracts, including negotiating terms with reinsurers and monitoring performance.
- Ensure compliance with relevant laws, regulations, and industry standards related to risk management and insurance practices.
- Communicate complex analytical findings in a clear and concise manner to non-technical stakeholders, enabling informed decision-making at all levels.
- Identify opportunities for process improvements and innovation to enhance risk management practices and streamline reinsurance operations.
- Stay updated with the latest trends and developments in the insurance and reinsurance market through continuous market analysis.
Sanlam Insurance Ghana
Special Projects Manager (Business, Performance Analyst)
01.2020 - 05.2020
Job overview
- Managed back-office team of the commercial team to provide analysis and insights for commercial and operational team performance, opportunities and projects.
- Was responsible for driving performance of business through provision of insightful and timely analysis of sales and operational data.
- Interpreted data to identify trends, areas of strength and weaknesses at regional and sector level.
- Originated and managed business development opportunities that are consistent with company's strategy for revenue growth.
- Was responsible for tracking all business renewals, tracking conversion of all new businesses and ensuring that right support was provided to enable prompt retention.
Sanlam Insurance Ghana
Manager, Reinsurance Unit
01.2018 - 12.2019
Job overview
- Determined the business value chain for the Reinsurance department and ensured that this value chain was aligned and integrated with the Underwriting Division value chain
- Negotiated and finalized optimum reinsurance structures and programmes with secure reinsurers
- Prepared Quarterly Treaty Bordereaux, Claims Recovery Bordereaux, Half / Annual Risk Profile and Treaty Statistics
- Communicated with underwriting department regarding any changes or proposed changes to the insurance wordings to ensure no gaps in cover
- Managed the premium, policy and claims administration in the reinsurance processes. This included vetting claim files and doing follow ups to receive claims recovery settlement
- Actively managed and reduced reinsurance risk, overexposure and gaps in cover.
Sanlam Insurance Ghana
Senior Reinsurance Officer
01.2016 - 12.2017
Job overview
- Prepared Facultative Reinsurance Computation Placement, Closings & Entries.
- Prepared Quarterly Treaty Bordereaux, Half / Annual Risk Profile and Treaty Statistics.
- Negotiated and finalized optimum reinsurance structures and programmes with secure reinsurers.
Sanlam Insurance Ghana
Reinsurance and Underwriting Officer
01.2012 - 12.2015
Job overview
- Underwrote General Insurance (Non-Life) Policies
- Prepared Facultative Reinsurance Computation Placement, Closings & Entries
- Prepared Quarterly Treaty Bordereaux, Half / Annual Risk Profile and Treaty Statistics.
Prime Insurance Company Limited
Reinsurance and Underwriting Officer
01.2009 - 11.2012
Job overview
- Underwrote General Insurance (Non-Life) Policies
- Prepared Facultative Reinsurance Computation Placement, Closings & Entries
- Prepared Quarterly Treaty Bordereaux, Half / Annual
- Risk Profile and Treaty Statistics.
Education
Kwame Nkrumah University of Science And TechnologyKumasi, Ghana
Master of Science from Actuarial Science
06.2015
University Overview
University of Cape CoastCape Coast
Bachelor of Education from Mathematics
05.2009
University Overview
Methodist Boys' High SchoolLagos, Nigeria
S.S.C.E from Science
06.1999
University Overview
Skills
- Business Analytics
- Risk Assessment and Management
- Reinsurance Solutions
- Data Analysis and Modeling
- Team Leadership and Management
- Client Relationship Management
- Negotiation and Contract Management
- Regulatory Compliance
- Communication and Presentation
Accomplishments
Accomplishments
- Used Microsoft Excel to develop various robust reporting programmes that facilitated the delivery of complex reports.
- Built various dashboards with Microsoft Excel which enabled evident based decision making across key objectives.
Certification
- IIBA Certified Business Analysis Professional CBAP
Hobbies
Hobbies
- Road Trips
- Movies
- Music
Additional Information
Additional Information
Workshops
- Sanlam Pan Africa Emerging Leaders Development Programme (ELDP), University of Stellenbosh, South Africa, (6th May 2019 - 10th May 2019)
- International Reinsurance Seminar, Abuja, Nigeria (2nd Sept 2018 - 8th Sept 2018)
- Advance Principle and Practise of Reinsurance, Monrovia, Liberia (20th Aug 2017 - 25th Aug 2017)
- Acturial Function Programme, Elmina, Ghana (27th July 2016 - 29th July 2016)
Languages
English
Advanced (C1)
Timeline
Business Analytics, Risks & Reinsurance Manager
Millennium Insurance Company Limited
05.2021 - Current
Special Projects Manager (Business, Performance Analyst)
Sanlam Insurance Ghana
01.2020 - 05.2020
Manager, Reinsurance Unit
Sanlam Insurance Ghana
01.2018 - 12.2019
Senior Reinsurance Officer
Sanlam Insurance Ghana
01.2016 - 12.2017
Reinsurance and Underwriting Officer
Sanlam Insurance Ghana
01.2012 - 12.2015
Reinsurance and Underwriting Officer
Prime Insurance Company Limited
01.2009 - 11.2012
Kwame Nkrumah University of Science And Technology
Master of Science from Actuarial Science
University of Cape Coast
Bachelor of Education from Mathematics
Methodist Boys' High School
S.S.C.E from Science
- IIBA Certified Business Analysis Professional CBAP
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