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Insurance Policy Analyst
3 weeks ago
Job Title: Insurance Policy Analyst
Job Description:The Insurance Policy Analyst plays a pivotal role in assessing and mitigating risk for businesses.
This critical position requires strong analytical skills to analyze risk factors, tailor policies, and coordinate with underwriters.
Key Responsibilities:
- Assess business risk factors to determine policy coverage needs
- Customize policies by adding or removing covers, riders, or endorsements
- Coordinate with underwriters at various insurance companies to obtain quotes and underwriting decisions
- Follow up on approvals, reinsurance support, and final underwriting clearance
- Verify required documents from clients (KYC, proposal forms, declarations)
- Stay updated on underwriting norms, product circulars, and compliance requirements
- Explain underwriting requirements, terms, exclusions, and conditions to clients
- Support the sales team with underwriting guidance and clarifications
- Address client queries related to risk approvals or policy issuance delays
Requirements:
- Strong analytical skills with ability to assess risk
- Excellent communication skills to explain underwriting requirements
- Ability to stay updated on underwriting norms and compliance requirements
- Strong coordination skills to work with underwriters and sales teams