1,534 Insurance Underwriter jobs in India

Insurance Underwriter

Selections HR Services Private Limited

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.

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Insurance Underwriter

New Delhi, Delhi Smart Moves Consultants

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

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Insurance Underwriter

Royapettah, Tamil Nadu ₹252000 - ₹350000 Y Grace Multitrading Company

Posted today

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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

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Insurance Underwriter

Mumbai, Maharashtra ₹432000 - ₹720000 Y Kataria Jewellery Insurance Consultancy

Posted today

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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

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Insurance Underwriter

160001 Chandigarh, Chandigarh ₹60000 Annually WhatJobs

Posted today

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Job Description

full-time
Our client is looking for a detail-oriented and analytical Insurance Underwriter to join their team in Chandigarh, Chandigarh, IN . This role is fundamental to assessing and evaluating insurance applications, determining risk, and setting appropriate premiums. The successful candidate will play a crucial part in ensuring the profitability and sustainability of the insurance portfolio. Responsibilities include reviewing applications for accuracy and completeness, analyzing financial data and risk factors, using underwriting tools and software to assess risk levels, and making decisions on policy issuance. You will also communicate with agents and brokers to gather additional information when necessary and maintain a strong understanding of insurance products, market trends, and regulatory requirements. A Bachelor's degree in Finance, Economics, Business Administration, or a related field is required. Previous experience in insurance underwriting or a closely related field is highly preferred. Strong analytical, numerical, and decision-making skills are essential, along with excellent attention to detail. The ability to work efficiently both independently and as part of a team in our Chandigarh, Chandigarh, IN office is vital. We are seeking individuals who are ethical, possess good communication skills, and are committed to professional development within the insurance industry. This is a great opportunity for someone looking to build a career in the insurance sector.
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Insurance Underwriter

380007 Ahmedabad, Gujarat ₹500000 Annually WhatJobs

Posted 2 days ago

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Job Description

full-time
Our client is seeking a meticulous and analytical Insurance Underwriter to join their team in Ahmedabad, Gujarat, IN . This role is crucial in assessing and evaluating risks associated with insurance applications. You will be responsible for determining policy terms, conditions, and pricing to ensure the profitability and solvency of the company. The ideal candidate will possess a strong understanding of insurance principles, excellent risk assessment capabilities, and the ability to make sound judgments. You will work closely with agents and brokers to gather necessary information and provide expert advice. This position requires a detail-oriented individual with strong analytical and decision-making skills. Responsibilities include:
  • 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.
Join our client’s established team and contribute your expertise to their continued success in the insurance sector.
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Insurance Underwriter

390002 Vadodara, Gujarat ₹650000 Annually WhatJobs

Posted 3 days ago

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Job Description

full-time
Our client is seeking a detail-oriented and analytical Insurance Underwriter to join their team in **Vadodara, Gujarat**. This position involves assessing and evaluating risks associated with insurance applications, determining policy terms and premiums, and ensuring profitable underwriting results. The ideal candidate will possess strong financial acumen, a thorough understanding of insurance products, and the ability to make sound decisions based on risk assessment. You will play a critical role in managing the company's risk exposure and contributing to its financial success.

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.
A Bachelor's degree in Finance, Economics, Actuarial Science, or a related field is required. A minimum of 3 years of experience in insurance underwriting is essential. Strong analytical, problem-solving, and decision-making skills are mandatory. Excellent communication and interpersonal skills are needed for effective collaboration. Familiarity with underwriting software and insurance industry practices is required. Experience with specific lines of insurance (e.g., life, health, property, casualty) is a plus. This is an excellent opportunity for an experienced underwriter to contribute to a leading insurance provider in **Vadodara, Gujarat**.
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Insurance Underwriter

390010 Vadodara, Gujarat ₹55000 Monthly WhatJobs

Posted 5 days ago

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Job Description

full-time
Our client, a leading insurance provider, is seeking a meticulous and analytical Insurance Underwriter to join their team in Vadodara, Gujarat, IN . This hybrid role offers a blend of remote flexibility and in-office collaboration, allowing for a balanced work life. The successful candidate will be responsible for evaluating insurance applications, assessing risk, and determining appropriate coverage terms and premiums. You will meticulously review financial statements, historical data, and other relevant information to make sound underwriting decisions. This position requires a strong understanding of insurance principles, excellent analytical skills, and the ability to communicate effectively with agents and clients. The ideal underwriter will possess a keen eye for detail, a commitment to accuracy, and the capacity to manage a diverse caseload efficiently.

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.
Qualifications:
  • 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.
This is an excellent opportunity to advance your career in the insurance industry with a reputable organization. Join our client's team and contribute to their mission of providing reliable insurance solutions.
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Insurance Underwriter

500001 Hyderabad, Andhra Pradesh ₹55000 Annually WhatJobs

Posted 5 days ago

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Job Description

full-time
Our client, a leading insurance provider, is looking for a meticulous and analytical Insurance Underwriter to join their remote team. This role is crucial in assessing and managing risk for our client's diverse portfolio of insurance products. You will play a key role in evaluating insurance applications, determining coverage eligibility, and setting appropriate premiums. This position offers the flexibility of remote work, allowing you to contribute from the comfort of your home office. Responsibilities will include:
  • 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.
Qualifications:
  • 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.
This is a fully remote position with a competitive salary and benefits package, offering a fantastic opportunity to advance your career in the insurance sector.
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Insurance Underwriter

682001 Kochi, Kerala ₹550000 Annually WhatJobs

Posted 6 days ago

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Job Description

full-time
Our client, a reputable insurance provider, is seeking an experienced Insurance Underwriter to join their growing team in Kochi, Kerala, IN . This hybrid role offers the flexibility to work both from home and in the office, fostering a dynamic work environment. The successful candidate will be responsible for evaluating and assessing insurance applications to determine risk and set appropriate premiums. You will analyze applicant data, financial information, and relevant documentation to make sound underwriting decisions that align with the company's risk appetite and profitability goals. Key responsibilities include reviewing policy applications, identifying potential risks and fraud indicators, selecting appropriate coverage options, and negotiating terms and conditions with brokers and agents. You will also maintain up-to-date knowledge of industry regulations, market trends, and underwriting best practices. The ideal candidate will possess strong analytical and decision-making skills, with a keen eye for detail and a thorough understanding of insurance principles. Excellent communication and interpersonal skills are required to interact effectively with internal teams and external clients. A Bachelor's degree in Business, Finance, Economics, or a related field is preferred. Relevant professional certifications such as ACII or equivalent are highly advantageous. Previous experience in underwriting, preferably in (specify insurance line, e.g., property, casualty, life) insurance, is essential. You should be proficient in using underwriting software and possess strong data analysis capabilities. This position offers a challenging yet rewarding career path with opportunities for professional development. Join our client in Kochi, Kerala, IN and contribute to their commitment to providing exceptional insurance solutions while managing risk effectively. This is an excellent opportunity to grow within a respected organization.
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