Life Underwriting Business Process Head

1 month ago


Bengaluru, India Digit Life Insurance Full time

About Digit Insurance:


Digit’s mission is to ‘Make Insurance, Simple’. We are backed by Fairfax- one of the largest global investment firms. We have also been ranked as ' top 5 startup of 2018' and 2019 and are the fastest growing insurance company. We have also been certified as a Great Place to Work

Digit has entered the Unicorn club with a valuation of $1.9 billion and while most companies take about a decade to get here, we have achieved this in just 3 years. And we truly believe that this has happened as a result of the mission of the company i.e. to make insurance simple along with the sheer hard work & endeavors of our employees.

We are reimagining products and redesigning processes to provide simple and transparent insurance solutions, that matter to consumers. We are building a technology-driven platform that can offer customized products at reduced cost and provide a great customer service.

Now we have started a Life Insurance company as well.


Roles & Responsibilities:

• Define and construct a new age underwriting workflow which is more customer centric, and tech

enabled

• Evaluation of prevailing underwriting practices & market comparison & analysis of data to help revise

UW guidelines

• Closely working with Technology vertical to automate the underwriting process and decision making.

• Creation of straight through and non-straight through rules and customer journey

• Coordination with cross functional key stakeholders for smooth implementation

• Owner of process adherence.

• Mapping & maintaining SLA (Service Level Agreement) & TATs (Turn Around Times).

• Develops/prepares reports and assists in the development of new/revised policies and guidelines based

on utilization and clinical trends.

• Prepare clinical and medical recommendations based on data summaries, trend analysis, financial

analysis, and business analysis.

• Provide support to rate development through timely and accurate clinical and medical analysis to

ascertain future risks and support the underwriting and risk management decision

• Provides clinical and medical underwriting analysis for pricing and risk assessment selections and

eligibility including financial, business, and trend analysis of data critical for decision making in

achievement of business objectives.

• Prepares clinical and medical analysis based on employer group utilization and claims data and

coordinates with the appropriate wellness, medical and care management specialty teams to address

these identified risks

• Application of clinical expertise in decision making

• Participates in cross-functional teams to develop new/enhanced systems/processes/programs/policies

to support business needs.

• Performs other duties that may be assigned from time to time.

Requirements:

• Qualification: - Doctor (MBBS preferred /BAMS/BHMS/BDS/Pharma/Biomedical)

• Should have experience working with Technology partners/teams.

• Should have a good understanding of system development, User stories and UAT

• Should be able to make quick decisions and have good judgment and analytical skills

• Have an excellent verbal and written communication skills and strong negotiation skills.

• Should be agile to change in requirements.

• Have 10-15 years’ experience of medical underwriting in life insurance and should have underwritten high value transaction.



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