Role & responsibilities
Policy renewal - RFQ float, Quotations & placement
Property Fire, IAR policies, FLOP, MLOP, EAR & CAR policies, CPM, Marine & STOP policies, Motor and Liability policies
Claims related to above-mentioned policies specifically Fire, MBD, Marine
Valuation & Risk Inspections
Dealing with Insurers, Brokers & Loss Adjusters
Coordinate with team members for finalization of different insurance policies
Coordinate with Project Managers and team members to understand risks and take new Insurance Policies as per requirement
Overseeing the Insurance portfolio New Insurance Policies and Renewals
Regular monitoring of policies to be renewed and timely premium payments
Coordinate with Insurance companies and brokers for best possible quotes
Identifying & Understanding Risk, Preparing RFQ and Comparative, Negotiating with Insurers regarding pricing, terms & conditions
Evaluate and present the risk to insurance companies, suggesting additional covers depending on requirement.
Identifying risk exposures,
the insurance requirements and providing insurance solutions.
Coordinate with various departments to gather data for issuance of current policies
Interact with various departments from time to time to understand their concerns and identify improvement areas
Have a good understanding of Insurance tariff
Managing Insurance claims
Discussion with insurer Brokers, Surveyors and TPA.
Valuation, Risk Inspection, Spot Surveys, Claim Preparation & Settlement.
Preferred candidate profile
Knowledge in Insurance Process and documentation
Business awareness and industry knowledge
Ability to drive cross functional team for common objectives.
Comprehensive knowledge of Insurance coverages, wordings and pricing methodologies.
Positive knowledge of the Indian insurance market
Valuable understanding of technical underwriting, underwriting and processes