Placement Officer

7 days ago

bangalore, India BimaKavach Full time

Who Are We? 

BimaKavach is a full-stack business insurance platform offering tailored insurance solutions for SMEs and startups in India. We simplify the insurance process with instant quotes and seamless coverage across various sectors and risk categories.


Backed by prominent investors such as Waterbridge, Blume, Arali, and Eximus, we currently serve over 2,000 companies, including notable names like BSNL, Daikin, Clevertap, etc.

What Are We Looking For:

This role involves coordinating with insurance companies, managing client relationships, and ensuring the efficient placement of insurance policies, including both property and liability placements. The ideal candidate will have a strong understanding of insurance products, excellent communication skills, and the ability to manage multiple tasks effectively.

Roles and Responsibilities:

Policy Placement:

  • Coordinate with insurance companies to facilitate the placement of insurance policies.
  • Ensure all documentation is complete and accurate for policy issuance.
  • Monitor and track the placement process to ensure timely completion.
  • Support the placement of both property and liability insurance policies. 
  • Floating RFQ to insurers & negotiate best premium from them to meet client’s expectations.
  • Preparing Due Diligence reports wherever necessary.
  • Negotiation with insurers on premium quotes & Terms specially in big & medium sized proposals.
  • Ensure submission of QCR within TAT.
  • Relationship with key line people in the insurance companies.
  • Maintain RFQ tracker.
  • Quality Control of Policy Documents of RFQs.

Client Relationship Management:

  • Build and maintain strong relationships with clients to understand their insurance needs.
  • Provide clients with information on available insurance products and assist in selecting appropriate coverage.
  • Ensure high levels of customer satisfaction by providing ongoing support and addressing client inquiries.

Internal Coordination:

  • Work closely with internal sales teams to support the policy issuance process.
  • Ensure data accuracy and integrity in all documentation and systems.
  • Collaborate with other departments to streamline operations and improve efficiency.

Data Management and Reporting:

  • Maintain accurate records of placement activities, client interactions, and policy details.
  • Prepare regular reports on placement performance and client feedback.
  • Analyze data to identify trends and opportunities for improvement.

Qualifications and Requirements:

  • Bachelor’s degree in business, Marketing, Insurance, or a related field.
  • 3+ years of experience in a similar role with a reputed insurance broker
  • Strong understanding of insurance products and services.
  • Excellent communication, negotiation, and interpersonal skills.
  • Proactive, detail-oriented, and customer-focused.
  • Ability to work independently and as part of a team.
  • Strong organizational and time management skills.

Key Details:

  • Location: Bangalore


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