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Deputy Manager Marine Underwriting
3-7 years
Mumbai
1 vacancy
Deputy Manager Marine Underwriting
Bajaj Allianz General Insurance
posted 13hr ago
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Flexible timing
Key skills for the job
Job Description
- Risk Assessment and Underwriting
- Review technical proposals received from various channels (Multiline/GEO/CBG/BANCA) and IMDs as received from the region allocated basis the existing guidelines / norms
- Implementation and monitoring of marine underwriting guidelines
- Maintaining TAT within the Region and Referral managements within the region
- Evaluate proposal thoroughly considering past claims / cases and assess conformance with the set underwriting guidelines; seek more information on proposals from IMD s, customers, if required
- Conduct 360 degree review of risks along with any associated loss ratio; set standard terms and conditions for the proposal along as per the set norms and guidelines.
- Monitor performance and risk associated with various marine products to identify and drive improvement opportunities.
- Scrutinize the proposals received and assess adherence to the norms, guidelines and if the premium considered is correct and accounts for associated risk.
- Premium Growth & Renewal Retention
- Visit the locations/branches and meet IMDs & Clients; understand problem areas and issues / concerns ad provide solutions to overcome business hurdles
- Providing support to Retail Channel (Multiline/GEO) sales teams in development of marine business
- Tracking and renewal retention
- Increase in Market share in allocated states and market penetration in Marine retail business
- Grow specific policy business (development of existing IMD s and onboarding new IMD s)
Employment Type: Full Time, Permanent
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