1,534 Insurance Underwriter jobs in India
Insurance Underwriter
Posted 3 days ago
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Job Description
We are seeking a talented individual to join our Insurance Broking team. This role will be based in Mumbai / Pune. This is a hybrid role that has a requirement of working at least three days a week in the office.
Lead Specialist / Deputy Manager / Manager – Insurance Broking :
We’re seeking for an individual who is ready to assist the onshore broking team in all aspects of client
service, including client contact, administration, technical support and business development. Ensure the
accurate, efficient and timely production of all clients, insurer and policy related documentation across the insurance life cycle
Experience: 6+ Years
Location: Mumbai / Pune
Certification: Mandatory – CII, CPCU, etc
We will count on you to:
Account Management
• Assist the onshore broking team with the development, implementation and management of risk
management and insurance programs which accurately address client needs
• Assist the onshore broking team with the development and maintenance of effective long-term
relationships with key client decision makers through regular meetings and liaison
• Work with the onshore broking team to gain an understanding of the client's business, risk
management and insurance needs
• Implement renewal and broking strategies in accordance with instructions received from the
onshore broking team
• Actively assist the onshore broking teams with the development of additional business from their
existing portfolios and with the acquisition of new business.
• Assist the onshore broking teams with the implementation of appropriate account retention and
defence strategies
• Assist the onshore broking and claims teams with the negotiation of equitable claim settlements
on behalf of clients
• Monitor the accuracy and performance of outputs from the operations processing team
• Develop and maintain an understanding of new technologies and capabilities of the Company
• Participation in client/insurer meetings as required
Administration & Technical
• Consistently use the required IT Applications to maintain compliance, accuracy and workload,
contributing to resource allocation and process improvement
• Ensure the timely and accurate production/processing of client transactions including but not
limited to:
o Premium and adjustment calculations
o Information and documentation for Pre-Renewal and Broking meetings
o Bespoke renewal reports and insurance manuals
o Certificates of currency
• Ensure the smooth functioning of transition of work between the broking business and the
operations team. This includes providing accurate and timely information to operations and
confirming the quality of the outputs returned to the broking team.
• Support effective working relationships with clients and insurers as required
• Ensure that accurate up to date records on all clients are always maintained
• Possess a thorough understanding of all major classes of insurance which the Company offers
to its clients
• Possess a thorough working knowledge of all aspects of the Insurance (Agents & Brokers) Act,
Insurance Contracts Act, Fire Services Levy, Stamp Duties, Worker's Compensation and other
relevant legislation
• Acquire and maintain an awareness of the client's business and insurance needs, noting all
briefing information provided by senior servicing and broking managers
• Develop and maintain a basic understanding of the core aspects of relevant Insurance and
related legislation
• Adhere strictly to the Company's Quality practices and other systems and procedures
• Comply fully with the Company's errors and omissions avoidance policy
• Other duties as may be required from time to time.
What you need to have?
• A Graduate with 6+ years of relevant experience
• Meet the training requirements of Tier 1 FSRA Compliance
• Prior experience in general insurance or financial lines within a broking or underwriting environment
preferred
• Degree in Insurance (or a related area) or Financial Services Diploma preferred
Key Competencies
• Collaboration – Acts as a connector between Broking and Operations, bring colleagues together to
bring the best of the enterprise to client solutions. Comfortable working both independently and as
part of a virtual team
• Initiative – Seeks out and acts on opportunities and calculated risks. Demonstrates a willingness
to take on increased responsibilities and displays the ability to act independently with minimal yet
appropriate reference back to manager/supervisor.
• Productivity & Efficiency – The efficient and timely completion of routine and assigned tasks to
support internal and external client demands and the implementation of major projects.
• Technology - Understands and effectively applies the Company’s specialized technology
resources to meet objectives and satisfy client needs.
• Organization – Considers future client needs and plans accordingly. Consistently operates with a
highly self-organized style to produce accurate work on time; organizes group tasks and resources
on behalf of the team; efficiently implements instructions delegated by manager/supervisor;
produces work with the confidence of manager/supervisor.
• Communication - Conveys written and verbal messages effectively to various audiences, adapting
approach as appropriate. Displays sound listening and comprehensive skills.
• Innovation - Develops new and alternative approaches to existing practices, creates new or
improved processes, solutions, products and services. Maintains an openness to experiment with
alternative approaches.
• Should be comfortable with 6.30 am – 3.30 pm
What makes you stand out?
• Meet the training requirements of Tier 1 FSRA Compliance
• Prior experience in general insurance or financial lines within a broking or underwriting
environment preferred
• Degree in Insurance (or a related area) or Financial Services Diploma preferred
Why join our team?
• We help you be your best through professional development opportunities, interesting work and
supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create
new solutions and have impact for colleagues, clients and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.
Insurance Underwriter
Posted 4 days ago
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Job Description
We are looking for a Non EB insurance manager for an Insurance Broking firm based in Delhi.
Job Role:
∙Overseeing underwriting & placements for assigned corporates.
To prepare RFQ and arrange the same from various insurance companies.
Placement of policy and after placement servicing including looking after claims Addition and deletion of employees in non EB Policies.
Preparing various reports required by the government Scrutinising claims
To service various corporates for claims and enrolment.
Coordinate agenda and prepared high-level notes and actions for team members
Manage all customer interactions, handling clients courteously to enhance satisfaction
Skill & other Requirements:
Education – Graduate/Post graduate in any stream
Additional qualifications in Insurance stream would be preferable
Sound product knowledge across all products – Property, Fire, Engineering
Ability to work independently and comfortable in engaging with CXOs of corporates
Self-driven, enthusiastic person with hunger to make it big.
CTC Offered upto 10 LPA
Insurance Underwriter
Posted today
Job Viewed
Job Description
We are hiring for Underwriter's for the leading Insurance company in Chennai.
Experience: Minimum 1 year
Education: Any graduates/ Allied science
Salary: Between 21k to 25k(10% TDS will be deducted)
(Food and accommodation are not provided)
Languages: Should know any North Indian Languages(Hindi/Bengali/Marathi/ Gujarati)
Work Mode: Work from Office(Royapettah)
- Review insurance applications for compliance and adherence
- Assess clients' background information and financial status
- Liaise with specialists to gather information and opinions
- Weight loss exposures and determine underwriting alternatives
- Draw up a quotes for competitive insurance premiums
- Negotiate and define the specific terms of insurance policies with brokers or policyholders
- Keep detailed records of policies underwritten and decisions made
- Balance between mass and homogeneity of risks to achieve predictability of future results
- Develop and maintain a profitable book of business for the insurer
- Follow applicable insurance laws
Interested candidates may forward your resume to
Job Type: Full-time
Pay: ₹300, ₹350,000.00 per year
Benefits:
- Food provided
Work Location: In person
Speak with the employer
Insurance Underwriter
Posted today
Job Viewed
Job Description
Company : Kataria Business Insurance
Location : Marine Lines
Key Responsibilities:
- Assess and analyze fire and property insurance risks submitted by clients or brokers.
- Evaluate risk exposure using underwriting guidelines, past claims history, site inspections, and other relevant data.
- Determine appropriate coverage terms, conditions, premiums, and endorsements.
- Liaise and negotiate with insurance companies to obtain competitive quotes and coverage for clients.
Job Type: Full-time
Pay: ₹30, ₹60,000.00 per month
Application Question(s):
- Do you have experience of Fire / Property Insurance Underwriting?
Work Location: In person
Insurance Underwriter
Posted today
Job Viewed
Job Description
Insurance Underwriter
Posted 2 days ago
Job Viewed
Job Description
- Evaluating insurance applications to assess risk and determine eligibility for coverage.
- Analyzing financial statements, medical records, and other relevant documents to ascertain risk exposure.
- Applying underwriting guidelines and company policies to make informed decisions on policy issuance.
- Calculating and setting appropriate premium rates based on risk assessment.
- Negotiating terms and conditions with policyholders and agents.
- Maintaining accurate and up-to-date policy records.
- Staying current with industry regulations, market trends, and competitor activities.
- Collaborating with claims departments to provide insights on policy risks.
- Developing and recommending new underwriting policies and procedures.
- Providing training and guidance to junior underwriters and support staff.
- Communicating underwriting decisions clearly and concisely to all stakeholders.
- Identifying opportunities for process improvement in the underwriting function.
Qualifications:
- Bachelor's degree in Finance, Business Administration, Economics, or a related field.
- Minimum of 3 years of experience in insurance underwriting, preferably in (specify line of insurance, e.g., life, health, property & casualty).
- Strong understanding of risk management principles and insurance products.
- Excellent analytical, quantitative, and problem-solving skills.
- Proficiency in underwriting software and standard office applications.
- Demonstrated ability to make sound decisions under pressure.
- Excellent communication, negotiation, and interpersonal skills.
- Attention to detail and accuracy in all work performed.
- Ability to work independently and as part of a team in an office environment.
- Relevant professional certifications (e.g., FLMI, AIC) are a plus.
Insurance Underwriter
Posted 3 days ago
Job Viewed
Job Description
Key responsibilities include:
- Reviewing and analyzing insurance applications to assess risks and determine eligibility for coverage.
- Evaluating financial data, medical reports, and other relevant information to assess applicant risk.
- Calculating and setting appropriate premiums based on risk factors and market conditions.
- Determining policy terms, conditions, and exclusions.
- Ensuring compliance with underwriting guidelines, company policies, and regulatory requirements.
- Communicating with agents, brokers, and policyholders to gather necessary information and explain underwriting decisions.
- Monitoring portfolio performance and identifying trends in risk and loss.
- Working with actuaries and pricing teams to develop new insurance products and refine existing ones.
- Recommending policy adjustments or cancellations when risks exceed acceptable levels.
- Maintaining accurate records of underwriting decisions and supporting documentation.
- Staying abreast of industry changes, regulatory updates, and emerging risks.
- Collaborating with claims departments to understand loss trends and their impact on underwriting.
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Insurance Underwriter
Posted 5 days ago
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Job Description
Key Responsibilities:
- Analyze and evaluate insurance applications for various types of policies (e.g., life, health, property, casualty).
- Assess risks associated with each application based on established underwriting guidelines and company policies.
- Determine appropriate coverage limits, deductibles, and premium rates.
- Request and review additional information from applicants, agents, or other sources as needed.
- Maintain up-to-date knowledge of insurance products, market trends, and regulatory requirements.
- Collaborate with agents and brokers to explain underwriting decisions and provide guidance on policy applications.
- Identify potential fraud indicators and escalate suspicious cases.
- Contribute to the development and refinement of underwriting guidelines and procedures.
- Manage a portfolio of accounts, ensuring timely and accurate processing of applications and renewals.
- Participate in team meetings and training sessions, both in-person and virtually.
- Bachelor's degree in Business Administration, Finance, Economics, or a related field.
- Minimum of 3-5 years of experience in insurance underwriting, with a strong understanding of risk assessment.
- Knowledge of various insurance lines of business is preferred.
- Excellent analytical and critical thinking skills.
- Strong decision-making abilities with a focus on risk mitigation.
- Proficiency in underwriting software and standard office applications.
- Effective communication and interpersonal skills, both written and verbal.
- Ability to work independently and as part of a team in a hybrid work model.
- Detail-oriented with a high degree of accuracy.
- Relevant professional designations (e.g., CPCU, AU) are a plus.
Insurance Underwriter
Posted 5 days ago
Job Viewed
Job Description
- Reviewing and analyzing insurance applications to assess risk exposure and determine policy terms and conditions.
- Evaluating financial, medical, and other relevant data to make informed underwriting decisions.
- Calculating and quoting appropriate premiums based on risk assessment and company guidelines.
- Ensuring compliance with all relevant insurance regulations and company policies.
- Communicating with agents, brokers, and clients to gather necessary information and explain policy details.
- Identifying and recommending appropriate risk mitigation strategies for complex cases.
- Maintaining accurate and up-to-date records of underwriting decisions and policy information.
- Collaborating with claims departments to provide underwriting insights and support.
- Monitoring industry trends and changes in risk factors to adjust underwriting practices accordingly.
- Participating in training sessions to enhance underwriting knowledge and skills.
- Bachelor's degree in Finance, Business Administration, Economics, or a related field.
- Proven experience in insurance underwriting, preferably in property, casualty, or life insurance.
- Strong analytical and critical thinking skills with a keen eye for detail.
- Excellent understanding of risk assessment principles and insurance products.
- Proficiency in using underwriting software and databases.
- Effective communication and negotiation skills, both written and verbal.
- Ability to work independently and manage a caseload efficiently in a remote setting.
- Knowledge of relevant legal and regulatory frameworks governing the insurance industry.
- Commitment to maintaining confidentiality and adhering to ethical standards.
- Relevant professional certifications (e.g., CPCU) are a plus.
Insurance Underwriter
Posted 6 days ago
Job Viewed