Coverfox - Specialist - Insurance Placement Solutions

About the Role:

We are looking for an experienced Insurance Placement Solutions Specialist to join our team in Mumbai. The ideal candidate will have expertise in insurance placement, negotiations with insurers, and crafting customized insurance solutions for clients. They should be well-versed in variousinsurance products, underwriting guidelines, and regulatory requirements.

What you will do?

- Product Expertise: Experience in Products like Credit Life, Group General insurance, Fire Insurance, Group personal Accident, GMC, and other group insurance products.

- Client Coordination: Engage with clients to assess and understand their group insurance needs.

- Market Negotiation: Coordinate with multiple insurance providers to obtain competitive quotes and policy terms that best match client requirements.

- Policy Structuring: Analyze and compare various insurance proposals to recommend the most suitable solutions.

- Relationship Management: Build and maintain strong relationships with insurers and underwriters to enhance placement efficiency. Also Maintain strong relation with client to ensure continuous and active partnership

- Compliance & Documentation: Ensure all placement activities adhere to regulatory guidelines and maintain accurate documentation of negotiations and policy details.

- Support & Advisory: Provide strategic advisory services to clients regarding their insurance portfolio and risk management.

What we are looking for?

- Experience working with Insurance companies, or TPAs

- 3+ years of experience in Life or General insurance placement, underwriting, or broking

- Strong knowledge of Insurance products

- Understanding of IRDAI guidelines and industry regulations

- Proficiency in MS Office and insurance-related software

- Good communication and problem-solving skills