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421 Bajaj Allianz General Insurance Jobs

Manager Commercial Underwriting

5-10 years

Thane

1 vacancy

Manager Commercial Underwriting

Bajaj Allianz General Insurance

posted 5hr ago

Job Description

  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.
  • 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
  1. 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
  1. 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:

  • 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 Postgraduate
  • Qualifications in Insurance will be an added advantage (eg: Fellowship/ Associate/Licentiate of I.I.I.)

Employment Type: Full Time, Permanent

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What people at Bajaj Allianz General Insurance are saying

Commercial Underwriting Manager salary at Bajaj Allianz General Insurance

reported by 1 employee with 17 years exp.
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₹16.6 L/yr - ₹21.3 L/yr
149% more than the average Commercial Underwriting Manager Salary in India
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What Bajaj Allianz General Insurance employees are saying about work life

based on 2.4k employees
56%
45%
53%
99%
Flexible timing
Monday to Friday
Within city
Day Shift
View more insights

Bajaj Allianz General Insurance Benefits

Health Insurance
Job Training
Soft Skill Training
Work From Home
Team Outings
Cafeteria +6 more
View more benefits

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