AVP/Senior Manager/Manager - Underwriting - Liability & Specialty Lines Insurance

Title: AVP/ Senior Manager/ Manager - Liability & Speciality Lines

Location: Bengaluru (MG Road)

Purpose: As a Vertical Head, responsible for management, underwriting, risk placement of liability & speciality lines, which includes setting strategic direction and objectives.

CTC & other remunerations: At par with the industry

Experience: 3+ years

Roles & Responsibility :

- Perform risk assessment of clients and advise on coverage needs, make technical coverage presentations to clients to effectively transform a prospect.

- To perform a thorough risk and gap analysis of existing policies for new potential liability proposals and propose recommended covers.

- To monitor and guide the preparation of quote specifications, documentary requirements and underwriting submissions.

- To liaise for submission of quoteswith various Insurers and analyze the quotes received for the Insurance requirements including terms conditions and pricing.

- To formalize the placement of client deals post competitive negotiations on client behalf, ensure issue of Policy documents, confirm cover as per agreed specs and review the Policy summary.

- To ensure high retention and renewal ratio of the existing clientele via effective engagement.

- To facilitate regular customer meets, conferences, training etc

- To strategize promotion of new liability and specialised products to diversify the product base to suit various client needs.

- To ensure utmost adherence to the compliance norms, client KYC norms, documentation language and Binder note accuracy.

- To monitor and guide strict quality control checks on policy documents from insurers to correctly reflect coverage as per agreed terms, thereby minimizing errors and consequent liability

- To stay abreast of all liability claims lodged and liaise with Insurance company representatives/assessors and clients for their satisfactory settlement

- To work closely with the operations teams for processing of Liability and Credit client claims and ensure effective TATs

- To present periodic MIS dashboards to the Senior management team for new clients, new business changes/improvement in business plans.

- To develop a dedicated team with specialized skill-sets mapped to product requirements and provide adequate development trainings to them

- Assist in special projects when required.

Skills :

- Have an understanding of liability products underwriting

- Enjoy client engagement and can act as a trusted partner to the client

- Excellent negotiation, communication, presentation and problem solving skills

- Inclination towards learning about clients, industries and issues, demonstrate willingness to develop innovative solutions for clients

- Strong collaboration skills required for partnering with the internal teams and Insurance Companies

- Have strong entrepreneurial spirit and ability to creatively think and hustle to achieve goals and grow within the organisation

- Have high sense of ownership who can continuously reinvent and improve process.