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Senior Manager- Placements

2 months ago

Bengaluru, India Anand Rathi Insurance Brokers Ltd Full time
Role Purpose
The purpose of the Placement Role is to effectively manage the placement process for insurance policies. The role involves analyzing clients' insurance needs, identifying suitable insurance products, negotiating terms with insurers, and facilitating the policy placement to provide the best insurance solutions to clients.
Key Expectations of the Role
1.Insurance Product Analysis and Selection :
Assess clients' risk profiles and insurance needs to determine the appropriate insurance products.
Analyze various insurance products available in the market and recommend the most suitable ones for clients.
2.Negotiation and Terms Agreement :
Negotiate policy terms, coverage, and premiums with insurance underwriters to ensure optimal terms for clients.
Collaborate with insurers to negotiate policy conditions that meet clients' requirements while adhering to compliance and regulations.
Policy Placement and Issuance :
Facilitate the smooth placement and issuance of insurance policies for clients.
Coordinate with internal departments to ensure accurate policy issuance and timely delivery to clients.
4.Client Engagement and Education :
Engage with clients to provide updates on policy placements and ensure they understand the terms and conditions of their insurance coverage.
Educate clients on policy features, benefits, and coverage details.
5.Market Research and Trends Monitoring :
Stay updated on market trends, insurance products, and industry developments to offer informed recommendations to clients.
Conduct market research to identify emerging insurance products and assess their suitability for clients.