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Bajaj Allianz General Insurance Company Hiring for Commercial Underwriter Job at Rānchī

Bajaj Allianz General Insurance Company

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Job Description

:

Risk Assessment and UW
    Implementation and monitoring of various underwriting guidelines related to Commercial products.
    Main accountability includes Risk analysis, Risk acceptance, Risk selection, Policy coverage (Policy wording, Add-on covers, Exclusions / Inclusions etc.), Renewal business, etc. within the purview of set Underwriting Guideline to achieve the desired business outcomes
    Maintain TAT and compliance as per UW authority matrix.
    Reviewing proposals and providing Inputs in terms of local market dynamics, nature of business, quality of risk and recommendations thereof.
    Strong market intelligence i.e. a broader view of the market we operate in /competitors’ details for formulating internal strategies.
    Work in close coordination with the sales team on the available profitable business opportunities falling with the underwriting guidelines of the company.
    Review the risk based on the market intelligence and based on the third-party risk inspection reports

Relationship management
    Interacting with internal stakeholders (Operations, Marketing, Finance, Claims etc.) to meet the smooth proceedings of the business requirements at various stages
    Develop the key relationship with major clients and Intermediaries along with marketing team to develop long term sustainable business growth

Analytics & MIS Reporting
    Analyzing the risk and identifying business that can be picked up in declined risk category and seek necessary approvals from seniors/HO for the same

Department

:

East

Open Positions

:

1

Skills Required

:

1. Risk Assessment and UW ? Implementation and monitoring of various underwriting guidelines related to Commercial products. ? Main accountability includes Risk analysis, Risk acceptance, Risk selection, Policy coverage (Policy wording, Add-on covers, Exclusions / Inclusions etc.), Renewal business, etc. within the purview of set Underwriting Guideline to achieve the desired business outcomes Maintain TAT and compliance as per UW authority matrix.

Location

:

Ranchi

Education/Qualification

:

Graduate or Post Graduate • Qualifications in Insurance will be an added advantage (eg: Fellowship/ Associate/Licentiate of I.I.I.)

Desirable Skills

:

1.Good communication skills. 2.Flexible & adaptable to change. 3.Well versed with MS Office. 4.Should have good analytical and problem-solving skills. 5.Should be aware of the Local language.

Years Of Exp

:

1 to 5 Years

Posted On

:

07-Oct-2022

Designation

:

Commercial Underwriter

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