Assistant Motor Quotation
6 days ago
Job Title: Assistant Motor Quotations Department: Motor Insurance Location: Delhi ( Dwarka More) Job Dimensions Reporting to Manager Motor Insurance Subordinates: None Job Summary He is responsible for preparing and processing motor insurance quotations for both new and renewal leads. Based on the information he should be able to decide which Insurance company will be suitable. This role involves close coordination with underwriters of insurance companies for getting best discounts and Deal with cases that go for referral. He has to coordinate with the CRM team to ensure timely and competitive quotes. The role requires strong negotiation skills, attention to detail, and the ability to manage multiple quotations efficiently while maintaining high accuracy. Key Responsibilities and Accountabilities 1. Quotation Preparation & Processing: Prepare motor insurance quotations for new and renewal leads based on client requirements. Ensure accurate and timely completion of quotation requests by gathering all necessary information. Maintain a structured database of quotations for tracking and reporting purposes. 2. Coordination with Insurance Companies & Underwriters: Send quotation inquiries to various insurance companies for pricing and coverage options. Communicate with underwriters to negotiate the best possible terms, discounts, and premium rates. Follow up with insurance companies to ensure timely responses to inquiries. Stay updated on market trends, underwriting guidelines, and premium adjustments to secure competitive pricing. 3. System & Portal Management: Upload and update client information, vehicle details, and policy data onto insurance company portals. Ensure that all uploaded information meets accuracy and compliance standards set by insurance providers. Regularly monitor and verify insurance portal updates to avoid discrepancies in quotations. 4. Quotation Comparisons & Submission: Prepare detailed quotation comparisons highlighting price differences, policy benefits, and coverage options. Forward comprehensive quotation comparison reports to the CRM Coordinator for client communication. Assist in customizing proposals based on client preferences and risk assessments. 5. Compliance & Documentation: Ensure all quotation-related documentation is complete and properly filed. Maintain accurate and updated records of insurer agreements, underwriting conditions, and premium rates. 6. Collaboration & Reporting: Support the CRM Team by providing updated quotations, addressing inquiries, and resolving client concerns. Key Performance Indicator (KPI) 1. Quotation Processing & Efficiency KPIs: Average Number of Quotations Handled per Day. Standard KPI Value 20 %age of Conversion - Standard KPI Value 50% for new and 80% for Renewal Skills & Competencies Strong negotiation skills to secure the best possible rates from insurance companies. Ability to handle multiple quotation requests and work under tight deadlines. High level of accuracy and attention to detail in preparing comparisons and reports. Proficiency in insurance software and company portals for data entry and policy processing. Strong communication and interpersonal skills to coordinate with internal teams and external underwriters. Knowledge of insurance regulations and industry best practices. For more details you can visit the website:
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Assistant Motor Underwriter
7 days ago
delhi, India Aces Global Consulting Pvt Ltd Full timeJob SummaryThe Assistant Motor Underwriter is responsible for issuing policies in Insurance company Portals once CRM has closed the deal with customers. He is responsible of entering the details in Praktora to issue Debit note. This role involves close collaboration with insurance companies, and internal teams to review client applications. Key...
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