Head - Underwriting - Products & Claims - Motor Insurance/Health Insurance

Head- Underwriting, Products and Claims- Bangalore

(Candidates with exp in Motor Insurance, handled claims, accidental insurance etc, having actuarial exp, risk assessment exp ONLY APPLY)

Salary- 45 LPA

- Should have experience of P&L buildups and related reporting (MOR, Foreign Gen etc.)

Ideal Candidate should have :

- 12 to 15 years experience in the insurance industry of which the majority (6-7 years or more should be in technical functions like underwriting, pricing, actuarial or claims in motor insurance line of business.

- General insurance/P&C experience is preferred with a focus on Motor Insurance. Health insurance experience would be a strong positive in addition to GI/P&C experience

- Should be familiar with GLM and other analytical models as a user. Hands on experience with analytical models would be a positive addition

- Understanding of regulatory requirements around product development is a must

- Should have experience of interacting and negotiating with actuaries wrt understanding of underwriting's impact on pricing

- Should have experience of P&L buildups and related reporting (MOR, Foreign Gen etc.)

Role :

- To set up a strong portfolio analytics deck on premium sourcing and claims to enable business to understand aspects beyond the top line. The data could be used as a key input in pricing and reward negotiation in order to maximize earnings with a balanced customer proposition which can be effectively used for decision on price points, quote coverage and price differentiation across geographies and customer cohorts and derive trend projection which can be used as an input for taking corrective action to weed out inherent risky portfolio from the books.

- To be able to pick segments/sub segments/pockets with strong profitable growth potential with the help of data and industry knowledge

- To be able to cross verify product fitment from a regulatory standpoint and evaluate appropriate pricing for the risk