Assistant Vice President - Motor Underwriting - General Insurance

KEY RESPONSIBILITIES : 

- Driving underwriting & claims strategy formulation and setting up of processes for the function

- Analyzing incurred claims ratio, review of portfolio and taking proactive action for loss control measures

- Preparation of product policy wordings, underwriting guidelines, rating structure & schedule & other relevant documents for filing of products with IRDA

- Interacting with Marketing, Actuarial Team for review/follow up and finalizing underwriting guidelines for all products

- Coordinating with technology teams for maintaining the system & new requirements

- Product development as per customer requirements, market research and improve the effectiveness of existing products

- Contributing in growth of business by regular interactions with brokers and Intermediaries.

- Analyzing the performance of general insurance products on regular intervals and taking proactive actions to control & normalize the portfolio in consultation with sales

- Ensuring of risk acceptance discipline

- Preparing reports for Management Committee on regular intervals on the performance of product portfolio and fine tune operations as per the business requirement

- To classify the risks into acceptable and unacceptable categories and communicate the declined risks list in each line of business. To arrive at an acceptable portfolio mix, between Low, Medium and High Hazard Risks

KEY REQUIREMENTS :

- Exposure to General Insurance industry

- Strong analytical and statistical skills

- Detail oriented

- Understanding & experience of the Indian market dynamics

- Aggressive on tech-driven initiatives

- Exposure to carving out processes & end to end implementation