Life Underwriter

4 weeks ago


Mumbai, India r3 Consultant Full time
Overview:As a LifeUnderwriter you play a crucial role in the insurance industry byassessing risks and determining the insurability of applicants.Your meticulous analysis and decisionmaking skills directly impactthe companys profitability and risk managementstrategies.KeyResponsibilities:
  • Evaluatinginsurance applications and determining the level ofrisk
  • Reviewing medical and financial documentsto assess applicants eligibility
  • Applyingunderwriting guidelines to make decisions regardingcoverage
  • Communicating with agents andapplicants to gather necessaryinformation
  • Collaborating with actuaries andother underwriters to analyze and mitigaterisks
  • Staying updated on industry regulationsand best practices
  • Providing recommendationsfor policy modifications andendorsements
  • Assessing reinsurance needs forhighrisk cases
  • Monitoring and managing theperformance of existing policies
  • Participatingin underwriting meetings anddiscussions
  • Contributing to underwritingprocess improvements and efficiency
  • Assistingin training and mentoring juniorunderwriters
  • Preparing reports and maintainingaccurate documentation
  • Assisting with specialprojects and underwriting audits
  • Collaboratingwith claims and legal teams whennecessary
RequiredQualifications:
  • Bachelors degree inBusiness Finance Mathematics or relatedfield
  • Proven experience in life insuranceunderwriting
  • Strong knowledge of medicalterminology and health conditions
  • Familiaritywith underwriting software and tools
  • Excellentanalytical and critical thinking skills
  • Soliddecisionmaking abilities based on riskassessment
  • Attention to detail and strongorganizational skills
  • Effective communicationand negotiation skills
  • Ability to workefficiently in a fastpaced environment
  • Uptodateknowledge of insurance laws regulations andguidelines
  • Professional certifications such asFLMI or ALU are a plus
  • Adherence to ethicalstandards and confidentialityguidelines
  • Excellent problemsolving andmultitasking abilities
  • Proficiency in MicrosoftOffice suite and underwriting tools
  • Strongcollaboration and teamworkskills

risk assessment,criticalthinking,decisionmaking,underwriting,insurance


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