Commercial Insurance Underwriter

0.00 to 10.00 Years MH, IN 22 Aug, 2024

Job Location	MH, IN
Education	Not Mentioned
Salary	Not mentioned
Industry	Not mentioned
Functional Area	Not Mentioned
EmploymentType	Full-time

Job Description

Job Summary: As an Insurance Underwriter at Investacc Insurance Brokers Pvt. Ltd., your role is to assess and analyze insurance risks focused on General Insurance Products like Property, Fire, Engineering, Marine, Workers Compensation etc. You will work closely with our clients and insurance carriers to provide tailored insurance solutions that meet the unique needs and objectives of our clients.Your responsibilities will include risk evaluation, policy placement, policy servicing, negotiation, and maintaining client relationships.Key Responsibilities: Risk Assessment: Evaluate insurance applications and associated documents to assess the risk profile of clients. Analyze factors such as business operations, financials, claims history, and industry trends to determine the level of risk.Client Consultation: Collaborate with clients to understand their insurance needs, goals, and constraints. Provide professional advice on insurance options and coverage strategies.Policy Placement: Work with insurance carriers to negotiate and secure insurance policies that align with clients requirements. Ensure policies are issued accurately and in a timely manner.Premium Negotiation: Negotiate premium rates, terms, and conditions with insurance carriers to obtain the best possible coverage at competitive prices for clients.Documentation: Prepare and review insurance documentation, including applications, policy contracts, and endorsements, to ensure accuracy and compliance with client needs and regulations.Client Management: Build and maintain strong client relationships. Provide ongoing support, including policy renewals, endorsements, and claims assistance.Claims Assistance: Assist clients in the claims process by liaising with insurance carriers and claims adjusters to ensure prompt and fair claims settlements.Compliance: Stay informed about insurance regulations and compliance requirements to ensure that client insurance programs adhere to legal standards.Record Keeping: Maintain accurate and organized records of client interactions, policies, and other relevant documents.Qualifications and Requirements: Bachelors degree in insurance, business, finance, or a related field (preferred).Minimum 2 years of experience working as an Underwriter focused on General Insurance Products Strong knowledge of insurance principles, policies, and regulations.Excellent analytical and problem-solving skills.Effective communication and negotiation skills.Attention to detail and strong organizational abilities.Proficiency in insurance software and Microsoft Office Suite.Ability to work independently and as part of a team.Ethical and client-focused approach to underwriting.Job Types: Full-time, Permanent, FresherPay: 360,000.00 - 600,000.00 per yearBenefits:• Health insuranceSchedule:• Day shiftExperience:• total work: 1 year (Preferred)Work Location: In personExpected Start Date: 15/07/2024

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