Executive/ Sr. Executive - Underwriting - Gurgaon

Executive/ Sr. Executive - Underwriter (Gurgaon)

Website - www.cibpl.org

Summary:
You will evaluate and assess risk for potential clients, determining appropriate coverage and premium rates. Your role involves analyzing applications, financial data, and other relevant information to make informed decisions. You will work closely with brokers and agents to ensure policies are aligned with company guidelines and regulatory requirements. Additionally, you will continuously monitor and review existing policies to maintain a balanced and profitable portfolio.

Reports to: Zonal Head - Underwriting

Key Responsibilities:
Risk Assessment: Evaluate and analyze insurance proposals, financial data, and other relevant information to assess the risk associated.

Policy Gap Analysis: Review the policy, compare with current market trends and list the gaps.

Client Visits: Regular meetings with the underwriters and clients. This will include traveling to client location as per company requirement.

Data Analysis: Utilize data and statistical models to predict and manage risk, contributing to the development of new products and pricing strategies.

Compliance: Stay updated with industry regulations, company policies, and market trends to ensure all underwriting practices adhere to legal and ethical standards.

Client Interaction: Communicate with clients and intermediaries to explain underwriting decisions, negotiate terms, and resolve any queries or concerns.

Qualifications:

Graduation is MUST. A master's degree is a plus.

Preferably 2-6 years in underwriting practices and principles in the Insurance industry.

Stages of Interview:
Initial Screening by the HR department Technical Video /F2F screening by the EVP Any assignment given if need be Final discussion with the Director

Possible Growth Path:
Senior Executive -Underwriting -> Assistant Manager -Underwriting -> Deputy Manager-Underwriting ->Manager - Underwriting -> Senior Manager-Underwriting -> Assistant General Manager Underwriting -> Deputy General Manager- Underwriting -> General Manager -Underwriting

Career Development:

LIII within 1 year of joining (Licentiate)
AIII within 3 years of joining (Associate)

Equal Opportunity:
Coastal Insurance is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.