Executive/Senior Executive-Underwriter

Business Process

• • Collate existing data or client details (with or without policy)
• • Close new business and renew policies of existing clients as per the structured process laid down by the company before expiry by ensuring the following activity
• o Fix risk inspection date and coordinate with clients to conduct the inspection
• o Coordinate with technical engineers for risk analysis on the basis of on-ground situations (fire safety/ infrastructure etc.) and understand gaps in insurance coverage on the basis of inspection
• o Analyze gross block in client's books to estimate the adequacy of coverage, obtain a tentative valuation from the claims department/ registered value, and ascertain gaps to be able to suggest scope for further offerings through a structured report
• o Prepare quote slip as well as premium schedule and technical schedule and float the same to insurance companies to obtain quotations and offerings
• o Follow up with the insurance companies to get quotations and analyze the merits of the quotations of the insurance companies
• o Prepare a comparative sheet along with terms and conditions
• o Exhibit to the client, quotes of only those insurance companies on whom Salasar has control and seek the client's choice
• o Prepare documentation for sign-off by the client once the client makes the choice and issues the premium cheque
• o Submit the document to the insurance company and submit the acknowledgment sheet to the client
• o Get a 'held cover' letter/ cover note issued in the interim till the policy document is issued
• o Follow up with the insurance company for the issue of the Policy document and hand it over to the client
• o Check policy documents against quote slip, identify gaps, and ensure rectification with necessary follow-up
• o Prepare offline policy with detailed fine print with reference of system generated policy, where required, obtain sign off by insurance company and hand over to the client
• o Ensure all documents are filed manually and entries made in Saiba immediately after the business is closed and the cheque is received
• o Follow up with insurance companies for endorsements, in case of modifications or errors
• In the case of existing clients, fix a meeting with the client at least one and a half months before renewal to initiate the process of renewal
• Ensure timely compliance with the following:
• declaration of all types of policies (transit / marine policy and fire policy)
• Certificate verification
• Endorsement
• Refunds
• Other related matters
• Ensure immediate entries in the KPTS/ SAIBA in case the business does not mature despite underwriting support
• Ensure Compliance with IRDA norms
• Upload IAR (Industrial All-Risk policies) and endorsements, if any, in SAIBA
• Ensure underwriting accuracy so that no claim gets jeopardized/repudiated because of underwriting flaws.

• 1. Underwriting of the health proposal.
• 2.Prepare RFQ & QCR for health proposal.
• 3.Coordinate with insurance companies for various issues i.e. policy terms & coverages related issues, claim related issues, for collecting the issued policy copy etc.
• 4. Coordinate with insurers and various corporate clients to ensure the correct policy documents are in place.
• 5. Taking care of issuance of monthly endorsements of GMC/ GPA
• 6. Provide the issued endorsement copies to the client
• 7. Follow up with TPA on claim documentation, deficiencies/clarifications, and submission of medical reports.

Share your CV at susweta@salasarservices.com