Senior Executive - Motor UW

Job Description

1. Risk Assessment and Underwriting Review technical proposals received from various locations / Zones basis the existing guidelines / norms and discuss with superiors where required in case of deviations Evaluate proposal thoroughly considering past claims / cases and assess conformance with the set underwriting guidelines; seek more information on proposals, customers, if required Identify business opportunity with business team and Set standard terms and conditions for the proposal 2. Premium Growth and Audits Visit the locations and meet major IMDs; understand problem areas and issues / concerns Provide guidance, if required and resolve any issues / concerns from IMDs Clarify organization guidelines, premium calculation and probable risks which should be accounted for when arriving at the premium rates for policy issuances; share business understanding, past cases and spread awareness within the team on risk assessment and mitigation Conduct sample audits across the zones to check for non-adherence to company guidelines; seek clarifications from the team and draft the report; share the report with the NHOD. 3. Projects / Special Initiatives (Web Applications / Online Products) Collaborate with different teams to provide them the perspective from the technical (underwriting) perspective including challenges faced real-time with agents / IMDs; provide inputs on improving functionality as well reduce workload in repetitive tasks Work with teams to ensure all underwriting guidelines / norms / calculators are properly built-in; conduct simulations across test cases and ensure that everything is in line with the set expectations Present the new (or modified) functionality to the relevant stakeholders; seek feedback and incorporate the same to strengthen the system for users 4. Product Training Drive implementation of various training efforts in case of new product launch in terms of premium calculation; product nuances, etc. ; clarify doubts and resolve concerns, if any Assess areas of improvement amongst the IMDs and provide effective training to them; address development issues / concerns and enable them to drive sales for the organization in an effective manner 5. Data Analysis Analyse the growth achieved across zones and whether the loss ratio is controlled across zones Identify areas requiring special attention Chart out insights from the data to support business opportunity as well Share the analysis report with NHOD and other relevant stakeholders regularly