396 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

• Evaluating insurance applications to assess risk and determine insurability.
• Analyzing financial data, historical loss data, and other relevant information to make informed underwriting decisions.
• Determining appropriate coverage limits, deductibles, and premiums based on risk assessment.
• Adhering to company underwriting guidelines and regulatory requirements.
• Communicating underwriting decisions and rationale to agents and brokers.
• Monitoring portfolio performance and identifying trends that may impact profitability.
• Developing and maintaining strong relationships with agents and brokers.
• Keeping abreast of industry developments, market conditions, and changes in regulations.
• Recommending modifications to underwriting policies and procedures as needed.
• Providing training and mentorship to junior underwriting staff.

• Bachelor's degree in Finance, Economics, Business Administration, or a related field.
• Minimum of 3-5 years of experience in insurance underwriting, preferably within the relevant lines of business.
• Strong analytical, numerical, and critical thinking skills.
• Proficiency in insurance software and MS Office Suite.
• Excellent communication and negotiation skills.
• Thorough understanding of insurance principles, risk management, and regulatory compliance.
• Ability to work independently and manage a caseload efficiently.
• Detail-oriented with a commitment to accuracy.
• Professional certifications (e.g., Associate in Underwriting - AU, Chartered Property Casualty Underwriter - CPCU) are a plus.

• Evaluate insurance applications and assess risk based on established underwriting guidelines and company policies.
• Analyze financial data, credit reports, and other relevant information to determine insurability.
• Calculate and set appropriate premium rates for various insurance products.
• Determine policy terms, conditions, and exclusions.
• Approve or decline insurance applications based on risk assessment.
• Maintain accurate records of underwriting decisions and policy details.
• Communicate with insurance agents and brokers regarding applications and policy requirements.
• Stay informed about industry trends, regulatory changes, and market conditions.
• Identify potential underwriting risks and recommend strategies to mitigate them.
• Collaborate with claims departments to understand claim patterns and their impact on underwriting.
• Develop and maintain relationships with brokers and agents.
• Contribute to the development and refinement of underwriting guidelines.
• Ensure compliance with all relevant insurance laws and regulations.
• Review and renew existing policies, adjusting terms as necessary based on risk assessment.
• Participate in training programs to enhance underwriting skills and knowledge.

• Bachelor's degree in Finance, Economics, Business Administration, or a related field.
• Minimum of 3-5 years of experience in insurance underwriting or a related insurance role.
• Strong understanding of insurance principles, risk management, and underwriting practices.
• Excellent analytical and decision-making skills.
• Proficiency in Microsoft Office Suite, particularly Excel.
• Strong written and verbal communication skills.
• Ability to work independently and as part of a team.
• Detail-oriented with strong organizational skills.
• Relevant insurance certifications (e.g., Associate in Underwriting) are highly desirable.
• Experience with underwriting software and systems is a plus.
• Knowledge of specific insurance lines (e.g., property, casualty, life) relevant to the client's business.

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