Property Underwriter

5.00 to 10.00 Years Hyderabad 05 Jul, 2024

Job Location	Hyderabad
Education	Not Mentioned
Salary	Rs 4.0 - 9 Lakh/Yr
Industry	Insurance
Functional Area	Property Management
EmploymentType	Full-time

Job Description

Job Position: Property UnderwritingJob Location: HyderabadKey Responsibilities: 1. Risk Assessment: Review insurance applications and conduct risk assessments to determine the likelihood of claims and the potential financial impact on the insurance company.2. Underwriting Guidelines: Apply underwriting guidelines and company policies to evaluate risks associated with different types of properties and determine coverage eligibility and pricing.3. Data Analysis: Analyze property information, including location, construction type, occupancy, loss history, and other relevant factors to assess risk accurately.4. Decision Making: Make underwriting decisions based on your analysis, considering factors such as risk exposure, policy terms, coverage limits, and pricing adequacy.5. Policy Issuance: Issue insurance policies and endorsements once underwriting decisions are made, ensuring accuracy and compliance with regulatory requirements.6. Client Interaction: Communicate with insurance agents, brokers, and policyholders to gather additional information, clarify underwriting decisions, and provide exceptional customer service.7. Risk Management: Collaborate with other departments, such as claims and risk management, to manage and mitigate risks effectively.8. Market Knowledge: Stay updated on industry trends, regulatory changes, and market conditions that may impact property insurance underwriting.9. Documentation: Maintain thorough and accurate underwriting documentation, including risk assessments, policy details, and correspondence with stakeholders.10. Quality Assurance: Ensure underwriting processes adhere to company standards, underwriting guidelines, and regulatory requirements to maintain high-quality underwriting practices.

Keyskills :
commercial underwritingunderwritinggeneral insuranceunderwriter

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