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Property Underwriter
Bajaj Allianz General Insurance
posted 10hr ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
- Business Growth & Planning
- Implementation and monitoring of Property underwriting guidelines within the allotted Zones / Areas / Verticals and to identify the business risk associated, from time to time
- Main accountability includes Risk acceptance, Risk selection, Policy coverage (Policy wording, Add-on covers, Exclusions / Inclusions, Special warranties, etc), Pricing & Deductibles, Reinsurance adherence, Risk management overview, Claims review, Renewal business, etc within the purview of set Underwriting Guideline to achieve the desired business outcomes
- Reviewing proposals and providing Inputs in terms of Reinsurance guidelines, local market dynamics, nature of business, quality of risk and recommendations thereof.
- Monitor performance and risk associated with various products to identify and drive improvement opportunities.
- Risk Management
- Providing sanction on deviations by assessing exception cases over and above standard parameters along with the Risk Engineers
- Review the risk based on the market intelligence and based on the third party risk inspection reports
- Track the major accounts in the books across the LOB s and weed out the loss making business in case no opportunity exist for the improvements
- Identify the early trends potential business threats and make necessary corrections in books and protect the books from new business according to time to time updated underwriting guidelines
- Business calls for system development / amendments - Documentation preparation, clarity and ensuring UAT for IT calls required for new system development/additions or amendments from time to time incl statutory requirements
- Audit coordination and support clarification, resolution and closures
- Relationship management
- Interacting with internal stakeholders (Operations, IT, Marketing, Finance, etc.) to meet the smooth proceedings of the business requirements at various stages.
Mandatory Skills:
- 5+ years of experience in Commercial Underwriting in General Insurance
- Understands the key drivers behind businesses, Brokers, Agents, etc.
- Balance Approach with Good people- management and negotiation skills
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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People are getting interviews at Bajaj Allianz General Insurance through
People are getting interviews through
(based on 58 Bajaj Allianz General Insurance interviews)
Referral
Job Portal
Campus Placement
Company Website
Walkin
Recruitment Consultant
29%
22%
17%
9%
9%
2%
12% candidates got the interview through other sources.
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Confidence
?
High Confidence means the data is based on a large number of responses received from the candidates.
What people at Bajaj Allianz General Insurance are saying
Property Underwriter salary at Bajaj Allianz General Insurance
reported by
2
employees
with 6-9
years exp.
₹12.5
L/yr - ₹16
L/yr
71%
more
than the average Property Underwriter Salary in India
View more details
What Bajaj Allianz General Insurance employees are saying about work life
based on 2.3k employees
Flexible timing
Monday to Friday
Within city
Day Shift
Bajaj Allianz General Insurance Benefits
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Associate Delivery Head-Application Engineering-Digital & Cloud Native
10-15 Yrs
Pune
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