01Overview
Negotiations with insurance companies for policy lowest premium and best policy brokerage. Compare quotations from multiple insurers. Finalize the best terms, coverage, and premium as per client requirement. Ensure proper placement slip preparation and submission. Follow up with insurers for policy issuance within TAT. Verify policy documents for coverage, IDV, premium, add-on covers, clauses, endorsements. Ensure error-free policy documentation before sending to client. Maintain solid relationships with underwriters of insurance companies. Negotiate for better premium, add-on covers, and wider coverage. Handle clarifications from insurers regarding vehicle details and risk information. Maintain records of: Quotations, Placement slips, Proposal forms, Policy copies. Ensure compliance with IRDAI guidelines. Track policy renewal dates. Collect renewal quotes from insurers. Ensure timely renewal placement. Work closely with: Sales team, Client servicing team, Claims team. Ensure smooth flow of information between insurer and client. Maintain placement MIS reports. Ensure documentation for audits and regulatory requiremen
Requirements
Knowledge of Motor Insurance products. Strong negotiation skills. Good communication with insurers. Attention to policy wording and coverage details. Knowledge of IDV, add-on covers, endorsements, and motor underwriting. MS Excel & documentation management.
Qualifications
Graduate (preferably Insurance / Commerce / Management). Certification like III / IRDAI training is an advantage. Minimum 25 years of experience in Group Insurance Underwriting (Broker or Insurer side) .
