01Overview
Job Description:
Location: Pune / Mumbai/ Delhi.
Education : Graduate / Post Graduate
Qualifications in Insurance - will be an added advantage (eg: Fellowship/ Associate/Licentiate of I.I.I.)
Experience : 2+ years of experience into Marine & Commercial line Underwriting from insurance or Broker co.
CTC : Best in industry
- JD: (Commercial Underwriting) Pune & Mumbai.
Risk Assessment and UW
- Implementation and monitoring of various underwriting guidelines related to Commercial products.
- Main accountability includes Risk analysis, Risk acceptance, Risk selection, Policy coverage (Policy wording, Add-on covers, Exclusions / Inclusions etc.), Renewal business, etc. within the purview of set Underwriting Guideline to achieve the desired business outcomes
- Maintain TAT and compliance as per UW authority matrix.
- Reviewing proposals and providing Inputs in terms of local market dynamics, nature of business, quality of risk and recommendations thereof.
- Robust market intelligence i.e. a broader view of the market we operate in /competitors details for formulating internal strategies.
- Work in close coordination with the sales team on the available profitable business opportunities falling with the underwriting guidelines of the company.
- Review the risk based on the market intelligence and based on the third-party risk inspection reports
Relationship management
- Interacting with internal stakeholders (Operations, Marketing, Finance, Claims etc.) to meet the smooth proceedings of the business requirements at various stages
- Develop the key relationship with major clients and Intermediaries along with marketing team to develop long term sustainable business growth
Analytics & MIS Reporting
- Analyzing the risk and identifying business that can be picked up in declined risk category and seek necessary approvals from seniors/HO for the same
Mandatory Skills:
- Risk Assessment and UW
- Implementation and monitoring of various underwriting guidelines related t .
