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Bajaj Allianz General Insurance

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3.9

based on 2.5k Reviews

298 Bajaj Allianz General Insurance Jobs

Senior Executive Commercial Underwriting

Bajaj Allianz General Insurance Company Ltd.

3.9

based on 2.5k Reviews

2-6 years

Mumbai

1 vacancy

Senior Executive Commercial Underwriting

Bajaj Allianz General Insurance

posted 4mon ago

Job Role Insights

Flexible timing

Key skills for the job

Data Analytics Analytical Chemistry MS Office Relationship Management Claims Adjudication Medical Underwriting

+ 4 more

Job Description

Risk Assessment and UW

Implementation and monitoring of various underwriting guidelines related to Commercial products.
Main accountability includes Risk analysis, Risk acceptance, Risk selection, Policy coverage (Policy wording, Add-on covers, Exclusions / Inclusions etc.), Renewal business, etc. within the purview of set Underwriting Guideline to achieve the desired business outcomes
Maintain TAT and compliance as per UW authority matrix.
Reviewing proposals and providing Inputs in terms of local market dynamics, nature of business, quality of risk and recommendations thereof.
Strong market intelligence i.e. a broader view of the market we operate in /competitors details for formulating internal strategies.
Work in close coordination with the sales team on the available profitable business opportunities falling with the underwriting guidelines of the company.
Review the risk based on the market intelligence and based on the third-party risk inspection reports

Relationship management

Interacting with internal stakeholders (Operations, Marketing, Finance, Claims etc.) to meet the smooth proceedings of the business requirements at various stages
Develop the key relationship with major clients and Intermediaries along with marketing team to develop long term sustainable business growth

Analytics & MIS Reporting

Analyzing the risk and identifying business that can be picked up in declined risk category and seek necessary approvals from seniors/HO for the same

Mandatory Skills:

1. Risk Assessment and UW ? Implementation and monitoring of various underwriting guidelines related to Commercial products. ? Main accountability includes Risk analysis, Risk acceptance, Risk selection, Policy coverage (Policy wording, Add-on covers, Exclusions / Inclusions etc.), Renewal business, etc. within the purview of set Underwriting Guideline to achieve the desired business outcomes Maintain TAT and compliance as per UW authority matrix.

Desirable Skills:

1.Good communication skills. 2.Flexible & adaptable to change. 3.Well versed with MS Office. 4.Should have good analytical and problem-solving skills. 5.Should be aware of the Local language.

Education/Qualification: Graduate or Post Graduate Qualifications in Insurance will be an added advantage (eg: Fellowship/ Associate/Licentiate of I.I.I.)

Employment Type: Full Time, Permanent

Read full job description

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