ABDULWAHAB MARAFI
Bayan,Kuwait
Summary
Risk management and data analytics professional with a strong track record in converting complex data into actionable insights that enhance strategic decision-making and operational efficiency. Expertise in Microsoft Excel, including the development of interactive dashboards, analytical models, and reporting frameworks, alongside practical experience with Oracle systems and Power BI. Demonstrates strong analytical thinking and risk assessment skills, effectively engaging stakeholders to improve risk governance and drive data-driven decision-making.
Overview
18
18
years of professional experience
12
12
years of post-secondary education
1
1
Certification
Work history
Operational Risk Manager
Kuwait Reinsurance Company
Kuwait City, Kuwait
10.2019 - Current
- Managed the ERM function through the company’s AM Best and S&P rating-agency cycle — preparing stress-test results, risk narratives, and presentation material reviewed at executive and rating-agency level.
- Designed and operationalized a firm-wide RCSA program: built the annual assessment schedule, restructured the combined risk register / RCSA, and rolled out tailored control self-assessment intake across seven business units.
- Rebuilt the quantitative stress-testing model into a structured, multi-scenario framework linking outcomes to capital, solvency, and risk-appetite implications.
- Refined the enterprise risk taxonomy across four risk pillars, resolving structural gaps in geopolitical, model, and retrocessionaire counterparty-credit risk.
- Authored Board Risk Committee reporting spanning operational, financial, market, geopolitical, and emerging risk — distilling complex exposures into concise board-level narrative.
- Developed CAT exposure and PML / accumulation analysis for facultative portfolios, including geospatial data-integrity validation and a proximity-weighted accumulation tool.
- Built a Casualty Facultative Underwriting Interactive Workbench giving executive management clearer visibility over submissions and tighter underwriting controls.
- Produced executive interactive dashboards tracking deviations in financial performance, claims trends, and exposure shifts; partnered with IT to integrate underwriting / pricing templates and cut manual error.
Senior Energy Underwriter
Kuwait Reinsurance Company
Kuwait City, Kuwait
03.2017 - 09.2019
- Opened new business channels through targeted broker market surveys in the energy facultative market.
- Developed an actuarially grounded facultative pricing tool and a three-year income projection model from historical data.
- Led the energy underwriting team’s response to placements and reported results and solutions in weekly management meetings.
- Attended relevant industry seminars, keeping abreast of market trends affecting underwriting decisions.
- Drafted clear reports outlining findings and recommendations, aiding senior management decision-making process.
- Performed data extraction on models and pricing tools for review to verify risks written or renewed followed underwriting guidelines.
Energy Underwriter
Kuwait Reinsurance Company
Kuwait City, Kuwait
05.2015 - 03.2017
- Managed downstream and upstream energy placements for major cedants including KPC, ADNOC, Petronas, NNPC, Yamal LNG, and PEMEX.
- Built upstream and downstream risk matrices, performed policy-wording compliance checks, and reviewed geographic accumulation against retrocession protection.
- Determined premium rates based on detailed assessment of applicant's profile and risk factors.
- Drafted clear reports outlining findings and recommendations, aiding senior management decision-making process.
Supervisor
Gulf Life Insurance Company
Kuwait City, Kuwait
03.2014 - 04.2015
- Reviewed unit-linked life policies and monitored investment-fund price movements.
- Reviewed Insurance applications and processed approvals or denials.
- Coordinated across customer service and sales to keep business flowing.
- Gathered customer information to assess coverage needs and recommend products.
Assistant Manager
Kuwait Reinsurance Company
Kuwait City, Kuwait
01.2008 - 09.2013
- Assessed commercial / industrial property, CAR / EAR, and energy-construction reinsurance opportunities.
- Reviewed cedants’ treaty portfolios and applied rating manuals for commercially adequate pricing.
- Assessed and evaluated potential property risks for underwriting decisions.
- Reviewed policy applications to ensure adherence to guidelines and regulations.
Education
Bachelor's Degree - Business Administration (Management)
Open Arab University
Kuwait 09.2010 - 06.2014
Associate Degree - Communication Electronics
College of Technological Studies
Kuwait 09.2001 - 09.2005
High School - Industrial Studies
Dauji Al Salman High School
Kuwait 09.1996 - 06.2000
Skills
- Data interpretation and reporting
- Risk management development
- Risk analysis techniques
- Control testing and evaluation
- Operational resilience
- Internal control assessments
- Process improvement techniques
- Excel proficiency
- Statistical analysis
- Insurance solutions
Certification
- July 2025 The Institute [In progress] Online ARM400 ARM401 ARM402 Certified CII practitioner Risk in an Evolving World Holistically Assessing Risk Successfully Treating Risk
- Dec 2018 Chartered Insurance Institute Online W01 IF3 IF4 E97 M05 Certified CII practitioner Introduction to Insurance Underwriting Claims Reinsurance Insurance Law
- May 2017 Willis Towers Watson Training Academy London Reinsurance Training Program
- Dec 2008 Bahrain Institute of Banking and Finance Kuwait Cert CII Exams Legal Aspects of Insurance Liability Insurance Engineering Insurance Principles of Reinsurance
OTHER EXPERIENCES
- Nestlé Kuwait Mar 2007 – Dec 2007 Product research and overall market analysis Market visits and marketing strategy performance reports
- Gulf Bank Sep 2005 – Feb 2007 Marketing – Head Office: Market segmentation analysis Retail – Branches: Teller and day-to-day cash operations
Languages
English
Fluent
Arabic
Native
Timeline
Operational Risk Manager
Kuwait Reinsurance Company
10.2019 - Current
Senior Energy Underwriter
Kuwait Reinsurance Company
03.2017 - 09.2019
Energy Underwriter
Kuwait Reinsurance Company
05.2015 - 03.2017
Supervisor
Gulf Life Insurance Company
03.2014 - 04.2015
Bachelor's Degree - Business Administration (Management)
Open Arab University
09.2010 - 06.2014
Assistant Manager
Kuwait Reinsurance Company
01.2008 - 09.2013
Associate Degree - Communication Electronics
College of Technological Studies
09.2001 - 09.2005
High School - Industrial Studies
Dauji Al Salman High School
09.1996 - 06.2000