Responsibilities:The Underwriter is primarily responsible for managing routine day to day business of the department. Other responsibilities:
Class of business to be handled; Property, Casualty, Liability, Engineering, Oil and Gas
Provide underwriting support to sales team as required.
As and when required, correspond directly with the client.
Assess and understand the information gathered from the sales team /client in order to assess the risk to be insured.
Prepare insurance broker’s slips and forward the same to various reinsurers to obtain terms.
Evaluate and review the terms obtained from the reinsurers in order to ensure that it is as per our requirements.
Prepare the quotations for submission to the clients.
On receipt of firm order from the client, liaise with the insurer for placement & confirmation of cover.
To ensure that policy/endorsements issued is as per the terms quoted to the client.
Knowledgeable on claim handling
To manage renewal of policies, sending advance renewal notice to clients, timely and correct issuance of renewed policies.
To ensure that all management reports are prepared correctly and submitted timely.
To ensure that all processes and procedures of the department are being followed properly.
Qualification and Experience:
Bachelor’s degree [qualification in insurance is a plus]
3-5 years’ experience in insurance
Skills
Possessing good team spirit, communication and interpersonal skills.
Ability to multitask
Ability to prioritize work on the basis of importance
Ability to take independent decisions
Good in drafting presentations/reports
Willing to learn and improve
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