
Motor Underwriter
5 days ago
**Key Responsibilities**:
- **Risk Assessment and Premium Calculation**:
- Gather and assess information on vehicle make and model, age, insured declared value (IDV), driving history, geographic location, and coverage options.
- Access insurance portals to gather premium quotes from various insurers and compare underwriting guidelines.
- **Customer Engagement and Negotiation**:
- Engage with customers to understand their insurance needs, preferences, and budget constraints.
- Present a range of insurance options based on calculated premiums and coverage benefits.
- Negotiate potential discounts, add-ons, or adjustments to tailor policies to meet customer requirements while ensuring profitability.
- **Renewal Management**:
- Set up automated reminders for upcoming policy renewals to prevent lapses in coverage.
- Communicate with customers well in advance of renewal dates to discuss their options and any changes that may affect their premiums.
- **Quote Delivery and Turnaround Time (TAT) Management**:
- Establish and maintain a streamlined internal process for timely quote generation.
- Monitor turnaround times for quotes and ensure they are delivered within agreed-upon timeframes, adhering to industry standards.
- **Performance Monitoring and Reporting**:
- Collect and analyze data related to quotes generated, premiums calculated, negotiations conducted, and renewals processed.
- Prepare regular reports, including monthly performance summaries, quote conversion rates, and customer feedback, to identify trends and areas for improvement.
- Present findings in a clear and concise format using visuals to communicate insights to stakeholders.
**Qualifications**:
- Bachelor’s degree in Finance, Business Administration, Insurance, or a related field.
- Proven experience in motor underwriting or a similar role within the insurance industry.
- Strong analytical skills with a keen attention to detail.
- Excellent communication and interpersonal skills for effective customer engagement.
- Proficient in using insurance software and Microsoft Office Suite.
- Ability to work independently and as part of a team in a fast-paced environment.
- Knowledge of motor insurance products, underwriting guidelines, and regulatory requirements.
**What We Offer**:
- Competitive salary and benefits package.
- Opportunities for professional development and career advancement.
- A collaborative and supportive work environment
**Job Types**: Full-time, Permanent
Pay: ₹10,000.00 - ₹15,000.00 per month
**Benefits**:
- Cell phone reimbursement
- Paid sick time
- Provident Fund
Schedule:
- Day shift
- Morning shift
**Experience**:
- General insurance: 2 years (required)
Work Location: In person
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