Insurance Underwriter
Insurance Underwriter
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Job Description
Job Summary:
We are seeking a skilled and detail-oriented Insurance Underwriter to join our team responsible for assessing analyzing and underwriting Group Medical Coverage (GMC) Group Personal Accident (GPA) and Group Term Life (GTL) insurance proposals. The ideal candidate will bring sound judgment in risk assessment pricing and policy issuance with a strong understanding of regulatory compliance and market dynamics.
Key Responsibilities:
- Evaluate and underwrite group insurance proposals for GMC GPA and GTL products.
- Analyze risk parameters based on age distribution claims history industry type sum insured and other group demographics.
- Coordinate with sales actuarial operations and legal teams to finalize quotes and policy terms.
- Prepare and present quotes proposals and underwriting recommendations to internal stakeholders or brokers.
- Ensure underwriting decisions adhere to internal guidelines and IRDAI regulations.
- Work on renewals revisions and endorsements of existing group policies.
- Maintain underwriting documentation risk notes and quote trackers in prescribed formats.
- Support the development and refinement of underwriting guidelines pricing tools and process improvements.
- Analyze claims trends and work closely with the claims team for prudent underwriting.
- Provide training or support to junior underwriters or business development teams as required.
Required Skills and Qualifications:
- Bachelors degree (preferably in insurance finance statistics or related field). Certification in insurance (like Licentiate/Associate from III) is preferred.
- 3 7 years of experience in underwriting GMC/GPA/GTL group products.
- Strong understanding of insurance risk assessment pricing principles and claims history evaluation.
- Proficient in using underwriting tools Excel and analytical models.
- Good understanding of IRDAI regulations and compliance frameworks.
- Excellent communication negotiation and interpersonal skills.
- Detail-oriented analytical and decision-making capabilities.
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Employment Type
Full Time
