Liability Underwriting Manager

Manager Liability Underwriting

Description

1. Risk Assessment and Underwriting

ᄃ Review technical proposals received from various retail and corporate customers so as to ensure risk undertaken is as per guidelines.

ᄃ Evaluate proposal thoroughly considering past claims/cases and assess conformance with the set underwriting guidelines; seek more information on proposals, customers, if required.

ᄃ Conduct 360 degree review of risks along with any associated loss ratio; set standard terms and conditions for the proposal

ᄃ Arrive at the quotes; discuss the same with the superior, if required; provide clarifications to the customer / relationship manager / intermediary , if required

ᄃ Scrutinize the proposals received and assess adherence to the norms, guidelines and if the premium considered is correct and accounts for associated risk

ᄃ Review and revise Underwriting guidelines and SOPs, on an annual basis.

2. Premium Growth and Audits

ᄃ Visit the locations and meet major IMDs; understand problem areas and issues / concerns

ᄃ Provide guidance, if required and resolve any issues / concerns from IMDs

ᄃ Clarify organization guidelines, premium calculation and probable risks which should be accounted for when arriving at the premium rates for policy issuances; share business understanding, past cases and spread awareness within the team on risk assessment and mitigation

ᄃ Conduct sample audits across the zones to check for non-adherence to company guidelines; seek clarifications from the team and draft the report; share the report with the National Head

ᄃ Face internal and external audit while ensuring all audit requirements are fulfilled in a timely and effective manner. Take corrective actions in collaboration with as per audit findings.

3. Projects / Special Initiatives

ᄃ Take up special projects / initiatives to strengthen the organizational processes, systems and governance systems.

ᄃ Collaborate with different teams to provide them the perspective from the technical (underwriting) perspective including challenges faced real-time with agents / IMDs; provide inputs on improving functionality as well reduce workload in repetitive tasks

ᄃ Collaborate with Product Development Team for new product filing and revisions in existing products for the LOB.

ᄃ Work with teams to ensure all underwriting guidelines / norms / calculators are properly built-in; conduct simulations across test cases and ensure that everything is in line with the set expectations

ᄃ Present the new (or modified) functionality to the relevant stakeholders; seek feedback and incorporate the same to strengthen the system for users

ᄃ Drive implementation or launch of the new functionality (or modified) / system and ensure a streamlined deployment; provide training to underwriting teams / IMDs on utilizing the same to deliver business for the organization

4. Product Training

ᄃ Drive implementation of various training efforts in case of new / existing product launch in terms of premium calculation; product nuances, etc.; clarify doubts and resolve concerns, if any

ᄃ Assess areas of improvement amongst the IMDs and provide effective training to them; address development issues / concerns and enable them to drive sales for the organization in an effective manner

ᄃ Training Content Development for various training programs to be conducted internally and externally.

5. Data Analysis

ᄃ Analyze the growth achieved across zones and whether the loss ratio is controlled across zones

ᄃ Identify areas requiring special attention

ᄃ Chart out insights from the data

6. Reinsurance and Co-insurance for Liability LOB

ᄃ Arrange Facultative Reinsurance to maximize the business while ensuring effective risk transfer. Also, ensure complete, compliant & timely risk placements through RI brokers and Reinsurers.

ᄃ Ensure timely Reinsurance Bordereau submission, so as to be compliant with Treaty Guidelines.

ᄃ Maintain Single Risk Report as per guidelines stated by the Treaty Leader (compliance).

7. Claims Review

ᄃ Prepare reports for specific complex claims so as to enable Claims to take the right decision wrt Claims Payment.

Skills Required

Underwriter, Liability Products, Liabilities

Education/Qualification

Graduation

Desirable Skills

None

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