Insurance Risk Professional

6 days ago


Västerås, Västmanland, Sweden TN Sweden Full time
Europe Insurance Risk Management Role

The role involves overseeing the management of insurance risk in Europe and its cluster countries, ensuring compliance with global Directives & Instructions.

This role requires effective communication and collaboration with local Divisions, BU's, other Group Functions, and the Broker to ensure close cooperation and alignment of risk management efforts.

Main Responsibilities:
  • Manage insurable risks to protect the company and its shareholders from significant financial losses and minimize costs.
  • Act as a liaison between local Divisions, BU's other Group Functions and the Broker.
  • Improve local PG's risk profile to reduce accidental losses to 'best-in-class' levels.
Key Duties & Responsibilities:
  1. Support creation of a Global Insurance Risk Management Portal.
  2. Manage surety bond relationships with Broker, Insurers and coordinate with Export and Trade Finance – Guarantee Management.
  3. Ensure adherence to global Directives & Instructions and compliance with compulsory insurance requirements locally.
  4. Actively support Business and Legal Department with tenders and Risk Review-process.
  5. Design and implement systems for distributing insurance premiums that provide financial incentives to better control risk.
  6. Prepare and conduct insurance risk management seminars with local business organization and other local Group Functions.
  7. Provide input on insurance risks in M&A due diligence work.
  8. Manage departmental operating budget and maintain local manuals that are in addition to GF's manual.


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