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Urgent Hiring For Placement & Underwritting Executive

1 - 5 years

1 - 5 Lacs

Chennai Bengaluru Hyderabad

Posted:2 months ago| Platform: Naukri logo

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Skills Required

Marine Insurance Fire Insurance Liability Insurance Gpa Employee Benefits Gmc

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Work from Office

Job Type

Full Time

Job Description

Role & responsibilities Underwriting & Risk Assessment • Evaluate risks and assess RFQs for Fire, Marine, Workmen Compensation (WC), Liability, and Engineering insurance proposals. • Work closely with insurers to ensure competitive pricing and optimal coverage. Placement & Negotiation • Fetch Quotes from insurer Portals and prepare QCRs. • Liaise with multiple insurers and obtain competitive quotes, if not available on Insurer Portals. • Negotiate policy terms, conditions, and premium rates with Insurer underwriters. • Ensure timely issuance of policies and renewals. Technical Expertise & Insurer Portals • Work on insurer portals for policy issuance and underwriting approvals. • Keep track of insurer guidelines and regulatory changes affecting policy placements. Underwriting & Risk Analysis • Assess client requirements for Group Medical Cover (GMC), Group Personal Accident (GPA), and Group Term Life (GTL) insurance. • Work with insurers to structure customized employee benefits solutions. Placement & Negotiation • Obtain and compare multiple quotes for EB insurance from insurer Portals & Raters. • Ensure best-in-class coverage at competitive rates for our Partners/clients. • Handle renewals and policy servicing in coordination with insurers. Insurer Portals & Documentation • Utilize insurer portals for proposal submission & policy issuance • Maintain records of quotes, underwriting decisions, and policy placements. Preferred candidate profile • Industry Knowledge Strong understanding of Non-EB (Fire, Marine, WC, Liability, Engineering) & EB (GMC, GPA, GTL) insurance products. • Negotiation Skills Ability to secure the best terms and pricing from insurers. • Insurer Portals Expertise Hands-on experience with insurer portals for underwriting and placements. • Analytical Thinking – Ability to assess risks and recommend suitable coverage. • Communication & Coordination – Above-average verbal and written communication skills for interacting with clients and insurers. • Broker Experience – Candidates with prior experience in an insurance brokers will be preferred.

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Policybazaar
Policybazaar
www.policybazaar.com

Insurance

Gurgaon Haryana

1001-5000 Employees

414 Jobs

    Key People

  • Yashish Dahiya

    Co-Founder & CEO

  • Alok Bansal

    Co-Founder & CFO

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