AVP- General Insurance Placement & Servicing For Insurance Broker

Job Title: Client Servicing & Placement General Insurance

Department: Direct Business

Reporting To: Sr. VP

Location: Mumbai

Job Overview:

This role involves managing and servicing general insurance clients, understanding their risk needs, and facilitating the placement of insurance policies with insurers. The position requires strong communication, coordination with insurers, and knowledge of general insurance products.

Key Responsibilities:

Client Servicing:

• Act as the primary point of contact for assigned clients for all general insurance-related needs.
• Understand client requirements and provide suitable insurance solutions.
• Manage end-to-end servicing including queries, endorsements, claims coordination, and renewals.
• Ensure timely collection of premiums and policy documents.
• Prepare and present MIS, renewal calendars, and client reports.
• Assist in claim notification, documentation, and follow-up with insurers for quick settlement.

Placement:

• Study client risk profiles and draft RFQs (Request for Quotes).
• Negotiate terms, coverage, and premiums with insurers to get the best possible deals.
• Compare quotes and prepare competitive analysis and placement summaries for clients.
• Finalize placement of policies with insurers based on client selection.
• Coordinate with underwriting teams to ensure timely issuance of policies.
• Keep abreast of market developments and underwriting guidelines.

Key Skills & Competencies:

• Knowledge of general insurance products (Fire, Marine, Engineering, Liability, etc.)
• Strong client relationship management and communication skills.
• Negotiation and analytical skills.
• Understanding of policy wordings, terms & conditions.
• Working knowledge of broking systems and regulatory compliance.
• Attention to detail and timely execution.

Qualifications & Experience:

• Graduate/Postgraduate (preferred in Insurance, Finance, or Commerce)
• IRDA Broker Qualified (preferred)
• 10-15 years of experience in general insurance with broking/insurance industry.