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Axa XL

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3.8

based on 383 Reviews

106 Axa XL Jobs

Property & Construction Underwriter

XL India Business Services Pvt. Ltd.

3.8

based on 383 Reviews

2-6 years

Mumbai

Property & Construction Underwriter

Axa XL

posted 7hr ago

Job Role Insights

Flexible timing

Key skills for the job

Digital Marketing Real Estate Construction Business Development Relationship Management Claims Adjudication

+ 8 more

Job Description

As the Underwriter of the India Reinsurance branch for Property and Construction, you willdeliver a profitable Underwriting service to your clients. Key tasks include: underwriting business within the agreed business plan and individual authority;market AXA XL and its products; supporting the business planning and forecasting process; monitoring financial exposure within outlined limits; monitoring premium income to ensure it remains within set limits; maintaining awareness of all claims advised while supporting and providing input on settlement of claims; building and maintaining relationships with brokers and clients; supporting the design and structure of risks.

DISCOVER your opportunity

What will your essential responsibilities include?

Calculating appropriate risk premium by considering the risk costs inherent to the respective sector as well as the Underwriting and general administration costs while ensuring profitability.

Reviewing complex submissions including applications, policy wording, inspection reports, loss runs, and financial reports while conducting appropriate research to determine degree of risk for each account.

Proactively advising, assisting, servicing and following up with clients on insurance and risk management matters to ensure satisfaction and fulfillment of their insurance requirements.

Effective relationship management to initiate opportunities for cross-selling offered products and ensuring account retention.

In coordination with other internal teams, determining appropriate insurance for risk placements both on excess of loss and quota share basis.

Support the business planning and forecasting process; monitor financial exposure within outlined limits; monitor premium income to ensure it remains within set limits.

Maintain awareness of all claims advised while supporting and providing input on settlement of claims.

Working collaboratively in a team environment, assisting underwriters, underwriting assistants and management team.You will report to the Underwriting Manager.SHARE your talentWere looking for someone who has these abilities and skills:

Bachelors Degree preferred and equivalent experience in the relevant class of business.

Possess a high and extensive level of technical knowledge and skills in Property and Construction underwriting

Ability to work independently.

Ability to respond to a changing environment with flexibility and innovation.

Marketing - Effectively plan for sales and business development. Integrating the use of various techniques, tools, and information to support profitable business growth over a defined period.

Negotiation/Sales - Plan, structure and conduct negotiations with brokers and/or clients to reach outcomes that gain the support and acceptance of all parties.

Analytical Skills Visualize, gather information, articulate, analyze and solve complex problems in order to make key business decisions.

Interpersonal Savvy Build excellent interpersonal relationships with brokers, clients & colleagues with the intention of improving personal profile and reputation within AXA XL and the broader market.

Industry Knowledge - Understanding of the insurance industry and specific product portfolios to positively impact the underwriting business by improving personal technical & functional knowledge

Employment Type: Full Time, Permanent

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