Commercial Underwriting Manager

16 hours ago

Vadodara, Gujarat, India Bajaj Allianz Life Insurance Company Limited Full time ₹ 12,00,000 - ₹ 36,00,000 per year

Manager Commercial Underwriting

Description
  1. Risk Assessment and UW
  • Implementation and monitoring of various underwriting guidelines related to Commercial products.
  • Main accountability includes Risk analysis, Risk acceptance, Risk selection, Policy coverage (Policy wording, Add-on covers, Exclusions / Inclusions etc.), Renewal business, etc. within the purview of set Underwriting Guideline to achieve the desired business outcomes
  • Maintain TAT and compliance as per UW authority matrix.
  • Reviewing proposals and providing Inputs in terms of local market dynamics, nature of business, quality of risk and recommendations thereof.
  • Strong market intelligence i.e. a broader view of the market we operate in /competitors' details for formulating internal strategies.
  • Work in close coordination with the sales team on the available profitable business opportunities falling with the underwriting guidelines of the company.
  • Review the risk based on the market intelligence and based on the third-party risk inspection reports
  1. Relationship management
  • Interacting with internal stakeholders (Operations, Marketing, Finance, Claims etc.) to meet the smooth proceedings of the business requirements at various stages
  • Develop the key relationship with major clients and Intermediaries along with marketing team to develop long term sustainable business growth
  1. Analytics & MIS Reporting
  • Analyzing the risk and identifying business that can be picked up in declined risk category and seek necessary approvals from seniors/HO for the same
Skills Required

Risk Assessment and UW ? Implementation and monitoring of various underwriting guidelines related to Commercial products. ? Main accountability includes Risk analysis, Risk acceptance, Risk selection, Policy coverage (Policy wording, Add-on covers, Exclusions / Inclusions etc.), Renewal business, etc. within the purview of set Underwriting Guideline to achieve the desired business outcomes Maintain TAT and compliance as per UW authority matrix.

Education/Qualification

Graduate or Post Graduate
• Qualifications in Insurance will be an added advantage (eg: Fellowship/ Associate/Licentiate of I.I.I.)

Desirable Skills

None

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