858 Insurance Underwriter jobs in India

Team member – Underwriting

Job Role:

∙Sourcing of quotes for Health Products – Group Mediclaim, Group Personal Accident,

Group Term Life

∙Draw up quotes for competitive insurance premiums

∙Negotiate and define the specific terms of insurance policies with insurance

companies

∙Preparation of Quote comparative reports.

∙Building relationships with Public sector offices by visiting them regularly.

∙Liaise with specialists in Insurance companies to gather information and opinions

∙Assisting sales team in client interactions for large proposals.

∙Analysis loss exposures and determine underwriting alternatives

∙Keep detailed records of policies underwritten and decisions made

Skill & other Requirements:

∙Education – Graduate/Post graduate in any stream

∙Additional qualifications in Insurance stream would be preferable

∙Min 2 years of Underwriting experience from Insurance Broking background

∙Sound product knowledge across all products – Group Mediclaim, Group Personal

Accident, Group Term Life

∙Ability to work independently and comfortable in engaging with CXOs of corporates

∙Self-driven, enthusiastic person with hunger to make it big.

∙Prior experience should be from Mumbai location

• Evaluate insurance applications, assessing risks and determining policy terms.
• Analyze financial, medical, and property data to make informed underwriting decisions.
• Approve or reject insurance applications based on risk acceptability criteria.
• Collaborate with agents and brokers to provide underwriting expertise and guidance.
• Develop and maintain underwriting guidelines and standards.
• Ensure compliance with insurance regulations and company policies.
• Stay updated on industry trends, new products, and risk management strategies.
• Review policy renewals and make appropriate adjustments based on risk assessment.
• Contribute to the development and refinement of underwriting tools and processes.

• Bachelor's degree in Finance, Economics, Business Administration, or a related field.
• Minimum of 3-5 years of experience in insurance underwriting.
• Proven analytical and risk assessment skills.
• Strong understanding of insurance contracts, principles, and regulations.
• Excellent communication and interpersonal abilities.
• Proficiency in underwriting software and database management.
• Ability to work effectively in both remote and office environments.
• Detail-oriented with strong organizational skills.

• Evaluate insurance applications and assess risk factors.
• Determine coverage eligibility and set appropriate premium rates.
• Review financial, medical, and other relevant documentation.
• Ensure compliance with underwriting guidelines and regulatory requirements.
• Communicate underwriting decisions and policy terms to clients and agents.
• Collaborate with claims adjusters and risk management teams.
• Maintain accurate underwriting records and documentation.

• Bachelor's degree in Finance, Economics, Business Administration, or a related field.
• Minimum of 4 years of experience in insurance underwriting.
• Strong analytical, quantitative, and decision-making skills.
• Knowledge of insurance products, regulations, and risk assessment principles.
• Excellent attention to detail and organizational abilities.
• Good communication and interpersonal skills.
• Relevant insurance certifications are a plus.

• Evaluate insurance applications and assess risks.
• Determine policy terms, conditions, and premium rates.
• Analyze applicant data, financial reports, and supporting documentation.
• Ensure compliance with underwriting guidelines and regulatory requirements.
• Approve or reject insurance applications based on risk assessment.
• Collaborate with agents and brokers to gather information.
• Communicate underwriting decisions and rationale clearly.
• Maintain accurate underwriting records and documentation.
• Stay updated on industry trends and best practices.

• Bachelor's degree in Finance, Business Administration, or a related field.
• Proven experience as an Insurance Underwriter or in a similar role.
• In-depth knowledge of insurance products, policies, and underwriting principles.
• Strong analytical, decision-making, and problem-solving skills.
• Proficiency in underwriting software and MS Office Suite.
• Excellent communication and interpersonal abilities.
• Attention to detail and strong organizational skills.
• Relevant insurance certifications (e.g., AU, CPCU) are a plus.

• Evaluate insurance applications to assess risk and determine insurability.
• Analyze applicant data, financial statements, and risk factors.
• Determine appropriate premiums and policy terms and conditions.
• Ensure compliance with company underwriting guidelines and regulatory requirements.
• Communicate with insurance agents and brokers to gather additional information.
• Provide clear explanations of underwriting decisions and policy details.
• Stay updated on industry trends, regulations, and new insurance products.
• Contribute to the development and refinement of underwriting policies.
• Maintain accurate records of underwriting decisions and client interactions.

• Bachelor's degree in Finance, Economics, Business Administration, or a related field.
• Proven experience as an Insurance Underwriter or in a similar role.
• Strong analytical, mathematical, and decision-making skills.
• Excellent understanding of insurance principles and risk assessment.
• Proficiency in using underwriting software and tools.
• Strong communication, negotiation, and interpersonal skills.
• Attention to detail and ability to manage a high volume of applications.
• Knowledge of relevant insurance regulations.

• Evaluating insurance applications to assess risk and determine eligibility for coverage.
• Analyzing applicant information, including financial records, medical history, and lifestyle factors.
• Determining appropriate premium rates and coverage terms based on risk assessment.
• Adhering to underwriting guidelines, company policies, and regulatory requirements.
• Communicating decisions and rationale to insurance agents and brokers.
• Requesting additional information or documentation as needed for risk assessment.
• Reviewing and renewing existing insurance policies.
• Identifying and flagging potential fraudulent applications.
• Collaborating with claims departments to provide underwriting input.
• Staying current with industry trends, new products, and changes in legislation.
• Participating in training and professional development programs.
• Maintaining accurate records of underwriting decisions and rationale.

• Analyze insurance applications to assess risk exposure for individuals or businesses.
• Evaluate financial, medical, and other relevant data to determine insurability.
• Apply underwriting guidelines and company policies to make informed decisions.
• Determine appropriate premiums and terms for new policies based on risk assessment.
• Maintain accurate and detailed records of underwriting decisions and justifications.
• Communicate with agents, brokers, and policyholders to gather additional information or explain underwriting decisions.
• Stay current with industry trends, market conditions, and regulatory changes affecting underwriting.
• Collaborate with other departments, including claims and product development, to ensure consistent risk management.
• Identify opportunities for process improvements in the underwriting workflow.
• Manage a pipeline of applications and prioritize workload effectively.
• Develop and maintain strong relationships with agents and brokers.
• Ensure compliance with all relevant laws and regulations.
• Review and re-evaluate existing policies as needed, particularly in response to changes in risk.
• Participate in training sessions and professional development activities to enhance underwriting expertise.
• Contribute to the development and refinement of underwriting manuals and tools.
• Assess the risk associated with specific industries or occupations.
• Provide guidance and support to junior underwriters.

• Bachelor's degree in Finance, Economics, Business Administration, or a related field.
• Minimum of 5 years of experience in insurance underwriting.
• Proven ability to analyze financial statements, medical reports, and other risk-related data.
• Strong understanding of insurance principles, policies, and regulations.
• Excellent analytical, decision-making, and problem-solving skills.
• Proficiency in underwriting software and Microsoft Office Suite.
• Strong written and verbal communication skills.
• Ability to work independently and manage time effectively in a remote environment.
• Professional designations such as CPCU or AU are a plus.

• Reviewing insurance applications for various lines of business, including life, health, and property insurance.
• Analyzing applicant information, financial data, and risk factors to determine insurability.
• Assessing risks associated with each application and calculating appropriate premium rates.
• Ensuring compliance with company underwriting policies, regulatory requirements, and industry best practices.
• Communicating underwriting decisions and requirements clearly to agents and brokers.
• Maintaining accurate and organized records of underwriting decisions and policy documentation.
• Staying updated on market trends, new insurance products, and changes in regulations.
• Collaborating with claims adjusters and other departments to manage risk effectively.
• Developing and refining underwriting guidelines to improve efficiency and accuracy.

• Bachelor's degree in Finance, Business Administration, Economics, or a related field.
• Proven experience as an Insurance Underwriter, preferably with experience in the Indian market.
• Strong analytical and problem-solving skills with a keen eye for detail.
• Proficiency in underwriting software and data analysis tools.
• Excellent understanding of insurance principles, products, and regulations.
• Strong written and verbal communication skills.
• Ability to work independently and manage a workload effectively in a remote setting.