Underwriter

3 weeks ago

Hyderabad, India Bajaj Allianz Life Insurance Full time

Company Description

Bajaj Allianz Life Insurance is a rapidly growing life insurer and a joint venture between Bajaj Finserv Limited and Allianz SE. With a strong presence in the insurance sector, we have achieved a 29% 5-Year CAGR (IRNB) in FY24. We manage assets worth INR 1,23,734 Crore and have a 99.29% Claim Settlement Ratio, making us a trusted partner for millions. Our innovative range of plans includes features such as Zero Allocation Charge ULIP, the SISO Investment Approach, and a term plan designed for diabetics. Our extensive network of over 596 branches and robust digital platforms ensure easy accessibility and convenience for our customers. We pride ourselves on fostering an innovative and collaborative culture for our 24K+ employees.

Role Description

This is a full-time on-site role for an Underwriter based in Hyderabad. The Underwriter will be responsible for assessing and analyzing insurance applications to determine risk levels and coverage amounts. Responsibilities include evaluating medical information, financial data, and other relevant documents, and making informed decisions on policy approvals. The Underwriter will also communicate with agents and clients, ensure regulatory compliance, and contribute to policy development and improvements in underwriting guidelines.

Qualifications

  • Strong analytical skills and ability to assess risk accurately
  • Proficiency in evaluating medical and financial documents
  • Excellent communication and interpersonal skills
  • Attention to detail and organizational skills
  • Ability to work collaboratively and independently
  • Knowledge of insurance regulations and compliance standards
  • Bachelor's degree in finance, business, or a related field
  • Previous underwriting experience is a plus
  • Proficiency in using underwriting software and tools

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