Rm Insurance Broking Pvt Ltd
Non Motor Underwriter
Jaipur, Rajasthan•Full-time
₹200,000 - ₹500,000 annually
₹200,000 - ₹500,000 annually
About the Job
Job Description: Senior Non-Motor Underwriting
Position: Senior Non-Motor Underwriter
Location: Jaipur
Package: 8 to 10 LPA
Experience: 10+ years in Non-Motor Underwriting
Location: Jaipur
Package: 8 to 10 LPA
Experience: 10+ years in Non-Motor Underwriting
Based: Rajasthan only
Key Responsibilities:
1. Risk Assessment & Underwriting:
- Evaluate and underwrite non-motor risks (property, liability, marine, etc.) based on company guidelines and market trends.
- Conduct thorough analysis of risks, coverage requirements, and pricing to determine appropriate terms and conditions.
- Ensure compliance with internal underwriting policies and external regulations.
2. Team Leadership & Mentorship:
- Lead and mentor a team of junior underwriters, providing guidance and support in underwriting decisions and technical matters.
- Assist in training new staff members on underwriting processes and best practices.
3. Client Interaction:
- Support the sales and business development teams in understanding underwriting requirements and responding to complex client queries.
- Review and optimize pricing strategies, taking into account market conditions, competition, and emerging risks.
4. Claims Support & Coordination:
- Collaborate with the claims team to ensure the underwriting process aligns with claims handling practices.
- Review claims trends and provide input on risk management strategies to minimize future claims.
5. Market Research & Product Development:
- Stay updated on industry trends, competitor offerings, and emerging risks to ensure that underwriting practices remain competitive.
- Provide input for the development and refinement of insurance products.
Key Requirements:
Experience: Minimum 10 years of experience in non-motor underwriting, with a focus on property, liability, or marine lines of business.
Educational Qualifications: Bachelor's or Master’s degree in Insurance, Finance, or a related field. Relevant professional certifications (e.g., Associate/ Fellowship of the Insurance Institute of India) are a plus.
Skills & Competencies:
- Strong analytical and risk assessment skills.
- Excellent communication and interpersonal abilities.
- Leadership and team management experience.
- In-depth knowledge of the insurance industry, market dynamics, and regulatory requirements.
- In-depth knowledge of Insurance Products
- Proficiency in underwriting software and MS Office.
- Capabilities to communicate with Insurance Companies to get a bespoke products/ contingent policies.