
Insurance Risk Analyst
20 hours ago
We are seeking an experienced Insurance Risk Analyst to join our organization. In this role, you will be responsible for analyzing risk factors associated with businesses and developing strategies to mitigate them.
- Analyze risk factors associated with businesses to determine the level of risk and develop effective mitigation strategies.
- Create customized insurance policies by adding or removing covers, riders, or endorsements based on client needs and risk assessments.
- Coordinate with underwriters at various insurance companies to obtain quotes and underwriting decisions.
- Foster strong relationships with clients to ensure timely approvals, reinsurance support, and final underwriting clearance.
- Verify all required documents from clients, including Know Your Customer (KYC) information, proposal forms, and declarations.
- Stay up-to-date on industry trends, product circulars, and compliance requirements to provide expert advice to clients.
- Communicate complex underwriting requirements, terms, exclusions, and conditions effectively to clients.
- Support the sales team by providing guidance and clarification on underwriting processes and requirements.
Requirements:
- Strong analytical skills to assess risk factors and develop effective mitigation strategies.
- Excellent communication skills to explain complex underwriting requirements to clients.
- Able to work independently and as part of a cohesive team.
- Comprehensive knowledge of insurance products and underwriting norms.
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