Property Underwriter

7 days ago


Pune, Maharashtra, India bajajallianz Full time

Business Growth & Planning

  • Implementation and monitoring of Property underwriting guidelines within the allotted Zones / Areas / Verticals and to identify the business risk associated, from time to time
  • Main accountability includes Risk acceptance, Risk selection, Policy coverage (Policy wording, Addon covers, Exclusions / Inclusions, Special warranties, etc), Pricing & Deductibles, Reinsurance adherence, Risk management overview, Claims review, Renewal business, etc within the purview of set Underwriting Guideline to achieve the desired business outcomes
  • Reviewing proposals and providing Inputs in terms of Reinsurance guidelines, local market dynamics, nature of business, quality of risk and recommendations thereof.
  • Monitor performance and risk associated with various products to identify and drive improvement opportunities.
-
Risk Management

  • Providing sanction on deviations by assessing exception cases over and above standard parameters along with the Risk Engineers
  • Review the risk based on the market intelligence and based on the third party risk inspection reports
  • Track the major accounts in the books across the LOB's and weed out the loss making business in case no opportunity exist for the improvements
  • Identify the early trends potential business threats and make necessary corrections in books and protect the books from new business according to time to time updated underwriting guidelines
  • Business calls for system development / amendments
  • Documentation preparation, clarity and ensuring UAT for IT calls required for new system development/additions or amendments from time to time incl statutory requirements
  • Audit coordination and support clarification, resolution and closures
-
Relationship management

  • Interacting with internal stakeholders (Operations, IT, Marketing, Finance, etc.) to meet the smooth proceedings of the business requirements at various stages.

Mandatory Skills:

  • 3+ years of experience in Commercial Underwriting in General Insurance Understands the key drivers behind businesses, Brokers, Agents, etc.
  • Balance Approach with Good people
- management and negotiation skills

Education/Qualification:

  • Graduate or Post Graduate
  • Qualifications in Insurance will be an added advantage (eg: Fellowship/ Associate/Licentiate of I.I.I.)

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