Leading the Group Underwriting Team
Managing and coordinating for the following -
Group Health and Group Personal Accident Quotes
Handling experience rating of Group Portfolios
System Requirement gathering and co-ordination with IT team for development of Quote Engine Platform
Providing Underwriting inputs in Product Development & revision for Group Policies
Coordinating with Operations and Claims for Inception, Policy Servicing and Claims settlement
Coordinating with Actuarial for Pricing and Reinsurance support
Coordination with local sales team in understanding and developing the risk profile of group policies for underwriting within the set guidelines.
Maintain underwriting process consistency for adherence to and better the quote submission and issue resolution TAT.
Critical Tasks and Expected Contributions / Results:
Group Health & PA Quotes
Managing a team of Underwriters and overseeing day to day quotes on group Health and PA
Development of UW Manuals for Group Policies
IT Platform Development
Work in close co-ordination with IT team for system requirement gathering and UAT
Product Filing Inputs
For Group Policies with IRDA
Portfolio Management & MIS
Managing Group Portfolio and MIS requirements for Group UW
Managing a team of underwriters for group underwriting
Experience / Knowledge Requirements: (should include years of experience and any specific expertise/experience/knowledge you are seeking in the candidate)
Minimum 8 years of direct experience in managing group underwriting for Health, PA, Group Travel Products (for Post graduates). More experience will be required for a graduate
Direct experience in handling UW quotations for group business.
Prior experience in managing large clients
Good experience in dealing with Brokers and Top Agents.
Market Intelligence on handling group health business.
Product Development experience will be an added advantage
Having good Competitor info & knowledge on Market Practice.
Proficiency in Excel and report generation.
Personal Competencies Required:
Good Communication Verbal and Written
Experience of working & coordinating with multiple stake holders
Managing tight TAT for quotes.
Education and Other Requirement:
Minimum Graduate Any Stream
Insurance Qualification an added advantage
Experience in Handling Group Travel will be an advantage.