First Policy - Liabilitiy Insurance Role

Job role: Liability Insurance

Key Responsibilities:

- Risk Assessment: Evaluate insurance applications and assess the risk involved for various Liability insurance.

- Decision Making: Make underwriting decisions by determining appropriate coverage levels, policy terms, and premiums based on the assessment of the risk.

- Policy Documentation: Ensure that all policies are issued with accurate and complete documentation, in compliance with company standards and regulatory requirements.

- Collaboration with Sales & Insurance company: Work closely with the corporate sales team, Insurance companies to understand client needs, develop tailored insurance solutions, and provide quotes in a timely manner.

- Underwriting Guidelines: Adhere to established underwriting guidelines and recommend improvements based on market trends and risk exposure.

- Market Research: Stay informed about market trends, industry changes, and regulatory developments that may impact underwriting practices.

- Portfolio Management: Manage a portfolio of general insurance policies, monitor its performance, and ensure profitability by controlling loss ratios and identifying potential areas of risk.

- Claims Support: Collaborate with the claims department to review complex claims and ensure appropriate underwriting measures were in place.

- Reporting: Prepare underwriting reports for senior management, highlighting risk trends, premium calculations, and policy recommendations.

Qualifications and Skills:

- Educational Background: Bachelor's or master's degree in finance, Insurance, Business, or a related field.

Insurance certifications such as Associateship.

- Experience: 5-8 years of experience in underwriting, with a strong focus on general insurance products.

- Product Knowledge: Comprehensive understanding of Risk and Liability insurance lines,

- Analytical Skills: Strong analytical and risk assessment skills with attention to detail.

- Decision-Making: Proven ability to make informed decisions under pressure and in a fast-paced environment.

- Communication Skills: Excellent written and verbal communication skills, with the ability to present underwriting decisions to internal teams and clients.

- Technical Proficiency: Familiarity with underwriting software, risk assessment tools, and MS Office (Excel, PowerPoint, Word).

- Regulatory Knowledge: Sound knowledge of IRDAI regulations and other industry-specific guidelines related to underwriting practices