Go Insure India Insurance Broking Private Limited
Executive - Underwriting & Placement
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Oversee corporate insurance underwriting and placement across property, casualty, liability, health, and specialized lines. Assess risks, claims data, financial statements, and coverage needs; negotiate terms and premiums with insurers; ensure IRDAI compliance; optimize underwriting processes; maintain insurer and client relationships; mentor junior staff; and prepare performance and risk reports.
Job Summary
RequirementsRequirements
Key Responsibilities
Key Qualifications & Skills
Benefits
Benefits
Competitive Compensation: Up to INR 3.6 LPA, aligned with your expertise and experience.
Health & Wellness: Comprehensive medical insurance for you and your family (including parents), personal accidental insurance, and term life insurance.
Performance Incentives: Incentive structure based on underwriting profitability, client satisfaction, and overall team performance.
Professional Growth: Opportunities to lead strategic underwriting initiatives, develop market relationships and mentor junior staff.
Supportive Work Environment: A collaborative culture emphasizing continuous improvement, innovation and knowledge sharing.
Inclusive Culture: A diverse workplace committed to equality, respect and career advancement for all employees.
We are seeking an experienced and Executive – Underwriting & Placement to oversee the evaluation of corporate risks and the placement of insurance coverage with leading insurers. In this role, you will drive the underwriting process for various corporate insurance products (e.g., Property & Casualty, Liability, Group Health, and specialized lines), negotiate with insurers, and ensure optimal coverage terms. The ideal candidate brings strong technical knowledge, proven market relationships, and a track record in underwriting or broking for corporate clients.
Job Title: Senior Executive – Underwriting & Placement (Corporate Insurance)
Location: Delhi
Employment Type: Full-Time
Experience Required: Minimum 2 years (Corporate Insurance, Underwriting, or Broking experience preferred)
Educational Qualification: Bachelor’s/Master’s degree in Insurance, Finance, Business Administration, or a related field
Compensation: Up to INR 3.6 LPA (based on experience and performance)
RequirementsRequirements
Key Responsibilities
Underwriting Skills
- Develop and manage underwriting strategies, guidelines, and processes for corporate insurance lines.
- Assess complex risks, analyze historical data, and recommend suitable coverage terms and pricing.
- Develop and manage underwriting strategies, guidelines, and processes for corporate insurance lines.
Placement & Insurer Negotiation
- Identify and engage with reputable insurers, negotiating favorable terms, conditions, and premiums.
- Maintain strong relationships with underwriters to secure comprehensive and competitive solutions for clients.
- Identify and engage with reputable insurers, negotiating favorable terms, conditions, and premiums.
Risk Assessment & Analysis
- Collaborate with account managers and sales teams to gather detailed risk information.
- Review and interpret financial statements, claims history, and loss-control reports to determine coverage needs.
- Collaborate with account managers and sales teams to gather detailed risk information.
Tariff & Policy Wordings
- Stay updated on applicable tariffs and policy wordings across all insurers.
- Ensure recommended coverages align with the latest industry and regulatory guidelines.
- Stay updated on applicable tariffs and policy wordings across all insurers.
Regulatory & Compliance Oversight
- Ensure all underwriting and placement activities comply with IRDAI regulations and legal requirements.
- Keep abreast of updates in insurance regulations, market dynamics, and emerging risks.
- Ensure all underwriting and placement activities comply with IRDAI regulations and legal requirements.
Process Optimization
- Establish and refine standardized underwriting procedures, checklists, and best practices.
- Implement continuous improvement initiatives to enhance efficiency and accuracy in policy placement.
- Establish and refine standardized underwriting procedures, checklists, and best practices.
Team Management & Collaboration
- Lead or mentor junior underwriters or analysts, providing training and performance feedback.
- Coordinate closely with sales, claims, and finance teams for seamless policy issuance and servicing.
- Lead or mentor junior underwriters or analysts, providing training and performance feedback.
Client & Insurer Relations
- Participate in high-level client discussions, especially for complex risk presentations or negotiations.
- Foster good working liaison with all insurers, ensuring strong long-term partnerships.
- Participate in high-level client discussions, especially for complex risk presentations or negotiations.
Reporting & Documentation
- Maintain accurate and updated records of quotations, terms, and placement decisions.
- Prepare periodic reports on underwriting performance, insurer relationships, and emerging risk trends.
- Maintain accurate and updated records of quotations, terms, and placement decisions.
- Educational Background: Bachelor’s or Master’s in Insurance, Finance, Business Administration, or a related field.
- Experience: Minimum 2 years in corporate insurance underwriting, placement, or broking, with a focus on risk evaluation and insurer negotiations.
- Technical Expertise: Solid understanding of underwriting principles, tariffs, policy wordings, and various insurance lines (Property, Liability, Group Health, etc.).
- Market & Regulatory Knowledge: Awareness of IRDAI guidelines and compliance requirements; strong industry connections with leading insurers.
- Analytical Skills: Proficient in evaluating claims data, financial statements, and risk profiles to determine coverage requirements.
- Advanced MS Office Proficiency: Skilled in Excel, Word, and PowerPoint for data analysis, reporting, and presentations.
- Negotiation & Relationship Building: Demonstrated ability to negotiate coverage terms and cultivate strong partnerships with insurers.
- Communication Skills: Excellent verbal and written skills for engaging with clients, insurers, and internal stakeholders.
Benefits
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