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14/06 Sanchari
Consultant at Michael Page

Views:260 Applications:17 Rec. Actions:Recruiter Actions:6

Senior Manager - Underwriter - Insurance (4-20 yrs)

Mumbai Job Code: 1110296

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

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

- Interacting with Marketing, Claims and 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 and claims team.

- Developing a monitoring system for underwriting control, enforcement 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

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

- 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

- Quality and timely response - Adherence to TAT for quote submission and quality

- Providing technical leadership, direction, governance, challenge, support, guidance and advice to Sales and Underwriting colleagues to deliver market-leading products, secure profitable business and develop the underwriting function in line with the global Underwriting strategy

- Developing and implementing initiatives to manage loss ratio Developing tools to monitor and subsequently monitor KPIs like:

GWP

NWP

Underwriting Loss Ratio

Financial Loss Ratio

Attritional Loss Ratio

Large and Weather Loss Ratio

Claim movements

Prior Year impacts in Current Year results

Rate plan

Retention

Actual Price vs. Technical Price

Market rates, performance and insight

This job opening was posted long time back. It may not be active. Nor was it removed by the recruiter. Please use your discretion.

Women-friendly workplace:

Maternity and Paternity Benefits

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