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Retail Health Underwriter
1-5 years
New Delhi
1 vacancy
Retail Health Underwriter
Bajaj Allianz General Insurance
posted 30d ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
- Risk Assessment
- Conduct assessment of risk parameters associated with various health products as per defined underwriting guidelines to ensure coverage of future liabilities and minimization of loss ratios for BAGIC s retail health business.
- Provide underwriting inputs for the allocated region, review all escalation cases, legal cases and customer walk-ins.
- Monitor the TAT of local underwriters and the performance of various intermediaries in the region.
- Audit for a proportionate inflow of retail underwriting health business from new claims, renewals and portability claims and effectively manage risks by flag out deviations
- Ensure that there is no straight pass provided for every case where there is a health declaration
- Relationship Management:
- Actively engage the intermediaries to maintain profitable working relationships and stay abreast of the latest developments in the sector.
- Interact with internal stakeholders (Sales channels, Claims, Operations etc.) for back office support, to discuss various health products and risks that can be undertaken in compliance with regulatory requirements and to understand system performance feedback, claims experience of customers.
- Train the internal teams/IMDs on underwriting guidelines, processes on a periodic basis
- Audit, Review & Reporting
- Audit 20% of the cases on a daily basis to ensure adherence to underwriting guidelines and SOPs
- Review defined metrics periodically and strategize to take appropriate actions in case of any irregularity or variance in the performance.
- Share periodic reports on product, IMD and claim performance with the Head Health underwriting
- Monitor adherence of various processes in health underwriting to ensure compliance with regulatory requirements.
- Team Development
- Allocate work tasks daily amongst the team members and maintain a roster for the same.
- Participate in monthly and quarterly reviews with the function head and own team.
- Participate in the selection process to identify the right talent for various positions within the regional Underwriting team.
- Provide technical expertise to the team members and enable them to enhance their underwriting skillset; additionally delegate tasks and create development opportunities for team members to enhance domain knowledge and expertise.
Employment Type: Full Time, Permanent
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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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What people at Bajaj Allianz General Insurance are saying
Health Underwriter salary at Bajaj Allianz General Insurance
reported by
4
employees
with 7-8
years exp.
₹6.7
L/yr - ₹7
L/yr
57%
more
than the average Health 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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