Underwriting & Placement -Non Employee Benefit
22 hours ago
Edme is hiring for Non EB Placement in Bangalore .
Job Purpose
To manage end-to-end placement of Non-Employee Benefits (Non-EB) General Insurance risks, ensuring optimal coverage, competitive pricing, and timely policy issuance through effective coordination with insurers and internal teams.
Key Responsibilities
Placement & Renewals
- Handle placement and renewal of Non-EB General Insurance policies, including:
- Property (Fire & Allied Perils)
- Engineering
- Marine (Cargo & Hull)
- Liability (Public, Product, Workmen’s Compensation, Professional Indemnity)
- Motor (Fleet & Non-Fleet)
- Cyber, D&O, and other specialty lines (where applicable)
- Obtain quotations from multiple insurers and negotiate premiums, deductibles, limits, and policy wordings.
- Analyze insurer quotes and prepare comparison sheets and placement recommendations.
Insurer & Market Coordination
- Maintain strong working relationships with underwriters and insurers.
- Track insurer appetite, capacity, pricing trends, and market movements.
- Support insurer meetings, risk presentations, and technical discussions.
Internal Stakeholder Support
- Work closely with Corporate Sales, Account Management, and Operations teams.
- Support large RFQs, new business placements, and complex renewals.
- Assist in resolving placement-related escalations and underwriting queries.
Documentation & Compliance
- Ensure timely policy issuance, endorsements, and documentation.
- Review policy wordings for accuracy, coverage, and compliance.
- Ensure adherence to IRDAI regulations and internal SOPs.
- Maintain MIS, placement trackers, and audit-ready documentation.
Key Skills & Competencies
- Strong understanding of General Insurance (Non-EB) products.
- Excellent negotiation and analytical skills.
- Ability to interpret complex policy wordings and risk exposures.
- Good communication and coordination skills.
- Proficiency in MS Excel and MIS reporting.
- Ability to work under pressure during renewal cycles.
Qualifications & Experience
- Graduate/Postgraduate in any discipline (Insurance/MBA preferred).
- 8-10 years of experience in Non-EB Placement / GI Underwriting / Broking.
- Prior experience dealing with multiple insurers and large corporate risks preferred.
- Knowledge of specialty and liability lines is an advantage.
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