Underwriter

Year    Chennai, Tamil Nadu, India

Job Description

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Roles & Responsibilities: \xc2\xb7 Underwriting of risks under various property products (Fire, Engineering, Property, Liability, Health and Misc. products). \xc2\xb7 Getting Best Quotes from the insurers \xc2\xb7 Reviewing of RFQ, managing quotes and approvals and preparing RFQ based on the requirement and sending to insurer \xc2\xb7 Understanding the requirement of client from Client servicing / sales team \xc2\xb7 Checking the data collected from client and Ensuring proper / complete quotes \xc2\xb7 Preparing comparative of quotes for different insurers and covers \xc2\xb7 Finalizing the quotation after discussion with Client servicing / sales team by coordinating with insurers \xc2\xb7 Coordinating with all the Intermediaries, Brokers, Agents, and Channel Partners & Marketing Associates/Business \xc2\xb7 Handling the grievance from all the internal & external customers & give them a satisfactory solution in liaison with other department as well as Head office \xc2\xb7 Maintaining good working relationship with insurers \xc2\xb7 Preparation of RFQ, QCR and Quote Formats for GI Products Marine, Fire & Burglary, Workmen Compensation, Public Liability, D & O, GMC, GPA, Motor, Cyber risk, Credit Insurance, Engineering. \xc2\xb7 To understand the risk being dealt/proposed to be insured by Corporate Clients in entirety (mainly Fire, Engineering, Marine, Liability, Group Insurance) which would include understanding nature of business of the client, existing insurance coverage, claim experience and any other aspect which can help in securing good feature discount. \xc2\xb7 Preparing Gap Analysis for the New Customers based on existing policies procured by them i.e. Examining existing insurance covers and evaluating the risks not covered or required to be omitted for prudential reasons or any other deficiency like inadequacy of sum assured. \xc2\xb7 Preparation and submission of Audit Report on Existing policies pinpointing weaknesses in existing policies/coverages. \xc2\xb7 Seeking required information from clients for submission to various insurers. \xc2\xb7 Preparation of our own quotations along with the terms or clauses or excess or deductible and insisting for acceptance by selected insurers or seeking quotations from insurers (this would be key task). \xc2\xb7 Reverting to clients on all queries concerning quotations by coordinating with insurance companies wherever required. \xc2\xb7 Securing draft policy bond wherever required for information of client. \xc2\xb7 Checking the actual bond received with the terms of placing the business and getting corrections made if any. \xc2\xb7 Keeping track of the market /competition to know the insurers offering most aggressive rates and best terms. \xc2\xb7 Keeping updated about non-conventional products like Liability, Credit Insurance etc. and helping by providing PPT or write up to marketing team \xc2\xb7 Maintaining systematic record of quotations and analyzing reasons of failure for cases where the business was not placed through us \xc2\xb7 Developing and /or securing various underwriting calculators which help underwriting department or marketing employees to calculate the premium with ease. Desired Skills: \xc2\xb7 Excellent Communication skills in English and Hindi \xc2\xb7 2-5 years of experience in underwriting for Corporate Insurance \xc2\xb7 Any Bachelor\'s degree. \xc2\xb7 Excellent negotiation, communication, and interpersonal abilities Job Type: Full-time Salary: \xe2\x82\xb915,000.00 - \xe2\x82\xb930,000.00 per month Benefits:
  • Cell phone reimbursement
  • Health insurance
  • Provident Fund
Schedule:
  • Day shift
Work Location: In person Speak with the employer
+91 8925836575

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Job Detail

  • Job Id
    JD3258505
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Chennai, Tamil Nadu, India
  • Education
    Not mentioned
  • Experience
    Year