Underwriting and Placement

21 hours ago

Mumbai, Maharashtra, India Landmark Insurance Brokers Full time ₹ 6,00,000 - ₹ 18,00,000 per year

Job Title: Underwriting and Placement

Department: Placement & Underwriting

Reporting To: Head Placement / Business Head

Location: Mumbai

Industry: Insurance Broking

Job Summary:

The Underwriting and Placement professional is responsible for evaluating insurance risks, preparing quote comparisons, negotiating terms with insurers, and ensuring optimal placement of insurance policies. The role requires a strong understanding of insurance products, underwriting guidelines, and insurer relationships to deliver the best solutions to clients while maintaining compliance with IRDAI regulations.

Key Responsibilities:

1. Underwriting & Risk Evaluation

  • Assess risk exposures based on client data, risk inspection reports, and claim history.
  • Review proposal forms and supporting documents for completeness and accuracy.
  • Analyze and prepare underwriting notes and risk summaries for insurer submission.
  • Recommend suitable coverage structures, limits, and deductibles aligned with client needs.

2. Placement & Negotiation

  • Liaise with multiple insurers to obtain quotations and negotiate competitive terms.
  • Prepare comparative statements (QCR) with detailed coverage analysis and pricing.
  • Ensure timely issuance of quotes, placement confirmations, and policy documents.
  • Build and maintain strong relationships with underwriting teams and marketing team at insurance companies.

3. Coordination & Documentation

  • Coordinate with Business Development Managers (BDMs), Sales Teams, and Clients for data collection and clarifications.
  • Ensure all underwriting submissions are accurate, complete, and documented.
  • Track renewals, endorsements, and pending placements to ensure timely closure.

4. Compliance & Quality Control

  • Adhere to IRDAI and internal compliance guidelines in all placement activities.
  • Maintain records of communications, quotes, and insurer interactions for audit purposes.
  • Review policy wordings and endorsements for accuracy and alignment with agreed terms.

5. Market & Product Knowledge

  • Stay updated on insurer products, underwriting appetites, and market developments.
  • Support management in product innovation, special schemes, and tie-ups with insurers.
  • Provide feedback on market trends, rates, and competitor movements.

Key Skills & Competencies:

  • Strong understanding of general insurance (Property, Liability, Marine, Engineering, etc.)
  • Excellent negotiation and communication skills.
  • Analytical mindset with attention to detail.
  • Proficiency in MS Excel, Word.
  • Ability to work collaboratively with internal and external stakeholders.

Qualifications & Experience:

  • Graduate / Postgraduate in any discipline (MBA preferred).
  • Minimum 28 years of experience in underwriting and / or placement in Insurance Co or any Broking Co.
  • Exposure to corporate and retail lines of business will be an added advantage.

Key Performance Indicators (KPIs):

  • Turnaround time (TAT) for quote and placement.
  • Accuracy of underwriting and documentation.
  • Relationship management with insurers and business teams.

Contact Person - Ajay Dubey

Contact Number

  • Underwriter

    3 weeks ago

    Mumbai, Maharashtra, India, Maharashtra Unilight Insurance Brokers Private Limited Full time

    Role Overview:The EB Placement Manager will be responsible for managing the placement of Employee Benefits programs such as Group Health Insurance (GHI), Group Term Life (GTL), Group Personal Accident (GPA), with insurers. The role requires strong market knowledge, analytical skills and negotiation abilities to ensure optimal terms, competitive pricing and...

  • Insurance Placement Solutions

    2 weeks ago

    Mumbai, Maharashtra, India Coverfox Full time ₹ 9,00,000 - ₹ 12,00,000 per year

    We are looking for an experienced Insurance Placement Solutions Specialist to join our team in Mumbai. The ideal candidate will have expertise in insurance placement, negotiations with insurers, and crafting customized insurance solutions for clients. They should be well-versed in various insurance products, underwriting guidelines, and regulatory...

  • Lead – Placement

    1 week ago

    Mumbai, Maharashtra, India Training and Educational Centre for Hearing impaired Full time ₹ 5,00,000 - ₹ 15,00,000 per year

    Organization DescriptionWelcome to TEACH - Established in 2016, operating across three campuses in Mumbai, Pune, and Delhi, TEACH redefines conventional education. We offer a Bachelor of Commerce (B.Com) program and a wide range of additional skills, including computer skills, arts & design, to empower our students, that are tailored to the needs of Deaf and...

  • Lead Specialist-Technical Placement| Reinsurance| 2-3+yrs| Mumbai

    3 days ago

    Mumbai, Maharashtra, India Gryphon Hytech Services Full time ₹ 9,00,000 - ₹ 12,00,000 per year

    Role : Lead Specialist Technical PlacementLocation : MumbaiExperience:Reinsurance domain experience is mandatory.General Requirements:Strong domain knowledge in insurance, placement, claims, and reconciliation processes as per JDExcellent communication and analytical skills.Ability to work in a hybrid mode with day shifts.Position SummaryWe are hiring an...

  • Employee Benefits Specialist

    2 weeks ago

    Mumbai, Maharashtra, India Unilight Insurance Brokers Private Limited Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    Role Overview:The EB Placement Manager will be responsible for managing the placement of Employee Benefits programs such as Group Health Insurance (GHI), Group Term Life (GTL), Group Personal Accident (GPA), with insurers.The role requires strong market knowledge, analytical skills and negotiation abilities to ensure optimal terms, competitive pricing and...

  • Facultative oil, Gas, Aviation and Agriculture

    1 week ago

    Mumbai, Maharashtra, India Basil Hotels & Hospitality Services Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    1.     Senior Position – Facultative (Oil, Gas & Energy)Experience: 10–15 years in reinsurance with strong domain expertise in oil, gas, power, and energy sectors.Location: MumbaiKey Responsibilities:Lead facultative reinsurance placement for upstream, midstream, and downstream oil & gas, and renewable energy projects.Assess risk profiles for large...

  • Senior Manager

    2 weeks ago

    Mumbai, Maharashtra, India Murugappa Group Full time ₹ 15,00,000 - ₹ 25,00,000 per year

    Role & responsibilities:UnderwritingUnderwrite risks after careful evaluation to minimize possible losses through moral hazard, bad profile etc.Handle competitive pressures ; Price non-tariff risks in accordance with the risk profile and tariff risks in accordance with the relevant tariff provisionEnsure policy and underwriting documentationDefine and...

  • Consultant l

    20 hours ago

    Mumbai, Maharashtra, India Aon Full time ₹ 9,00,000 - ₹ 12,00,000 per year

    The Company OverviewAon plc (NYSE: AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions.Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.Aon India Insurance Brokers...

  • Sr. Process Associate|Revenue Booking Process| 1 To 5 Yrs| Mumbai

    1 week ago

    Mumbai, Maharashtra, India Gryphon Hytech Services Full time ₹ 4,50,000 - ₹ 7,00,000 per year

    Job Title : Jr/Sr. Process Associate - Revenue BookingLocation : Mumbai*******************************************************************************************IMMEDIATE JOINERS ALERTWe're looking for candidates who can join immediately.If you're available, please send your CV via WhatsApp only to: Please note: No calls will be

  • Senior Director

    2 weeks ago

    Mumbai, Maharashtra, India Mercer Full time ₹ 12,00,000 - ₹ 36,00,000 per year

    Senior Director - Placement (Grade H)Description:We are seeking a highly skilled and experienced Placement Leader within our Center of Excellence. As a Placement Leader, you will be responsible for leading a global team of professionals who understand client and insurer requirements, provide administrative & technical support to execute the placement working...